On Balance Volume Oscillator

On Balance Volume can be used to either confirm the current price trend or warn of a possible reversal.

  • It is the trend of the OBV line that is important, not the actual numbers themselves.
  • OBV is a momentum indicator that helps quantify buying or selling pressure.
  • OBV changes often precede price changes.
On Balance Volume was developed by Joe Granville. See his book New Strategy of Daily Stock Market Timing for Maximum Profits for more detailed information.

Syntax:

Public Function OBVOscillator(ByVal HLOCV()() As Double, ByVal Lag As Long) As Double

Parameters:

  • ByVal HLOCV()() As Double
  • ByVal Lag As Long

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Example:

 

    Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE")

    Dim Result() As Double

    Dim HLOCV(,) As Double

 

    ' loading values to array

    HLOCV = GetHLOCVValues()

    ' calculating Technical Analysis function

    Result = TA4Net.OBVOscillator(HLOCV, 14)

 

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