|
PureBytes Links
Trading Reference Links
|
OBV has just had a discussion in past few days. TJ even gave a formula for it.
Just use OBV() for OBV. It comes with built in chart even.
from the help files
OBV - On Balance Volume
OBV was created by Joe Granville, the father of OBV analysis. This is
a running total of volume that relates price changes and volume and
shows accumulation and distribution action.
The classic OBV is calculated by adding today's total volume to a
cumulative total when price closes higher than yesterday's close and
subtracting today's total volume from the cumulative when the price
closes lower than yesterday's close. If price remains the same, then
the OBV is not changed. The actual amount of the price change is
irrelevant and only the direction of change is significant for these
calculations.
On 10/10/05, run_for_your_life2003 <run_for_your_life2003@xxxxxxxxx> wrote:
> As we all know what this indicator does....except one thing that's
> item #3 below.
>
> Does Amibroker take this into consideration in that indicator?
>
> Most of the charting programs do item #1 and #2 very well but not #3.
> #3 is usually given as a down designation even though the close is
> the same as yesterday's close. Why is that?
> Normally, you don't have a close of the same as the next day.
> What code do I need to add to get the correct results?
>
> Is it because they never really look in Chapter 3 (under Volume
> Complex) and followed the rules?..... "Granville New strategy of
> daily stock market timing for MAXIMUM PROFIT" by Joe Granville.
>
> ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
> As stated above, OBV is calculated by adding the day's volume to a
> running cumulative total when the security's price closes up, and
> subtracts the volume when it closes down.
>
> 1) For example, if today the closing price is greater than
> yesterday's closing price, then the new
>
> OBV = Yesterday's OBV + Today's Volume
>
> 2) If today the closing price is less than yesterday's closing
> price, then the new
>
> OBV = Yesterday's OBV - Today's Volume
>
> 3) If today the closing price is equal to yesterday's closing price,
> then the new
>
> OBV = Yesterday's OBV
>
>
> http://stockcharts.com/education/IndicatorAnalysis/indic-obv.htm
>
> ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
>
>
>
>
>
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
>
--
Cheers
Graham
AB-Write >< Professional AFL Writing Service
Yes, I write AFL code to your requirements
http://e-wire.net.au/~eb_kavan/ab_write.htm
------------------------ Yahoo! Groups Sponsor --------------------~-->
Try Online Currency Trading with GFT. Free 50K Demo. Trade
24 Hours. Commission-Free.
http://us.click.yahoo.com/RvFikB/9M2KAA/U1CZAA/GHeqlB/TM
--------------------------------------------------------------------~->
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|