vStore header

vStore is your one-stop-shop for VertexFX plugins and apps. vStore categorizes the plugins/apps to make it easier for both front-end and back-end users to reach what they need

  • Choose from hundreds of VertexFX plugins/apps
  • VertexFX API toolkit to develop plugins/apps
  • Brand and sell your own plugins

Sign Up Now

vStore   VTL Plugins Free OBV (On Balance Volume)

OBV (On Balance Volume)

OBV

On Balance Volume Technical Indicator (OBV) is a client side VTL Script , that relates volume to price change. The indicator, which Joseph Granville came up with, is pretty simple.

When the security closes higher than the previous close, all of the day’s volume is considered up-volume. When the security closes lower than the previous close, all of the day’s volume is considered down-volume. The basic assumption, regarding On Balance Volume analysis, is that OBV changes precede price changes. The theory is that smart money can be seen flowing into the security by a rising OBV. When the public then moves into the security, both the security and the On Balance Volume will surge ahead. If the security’s price movement precedes OBV movement, a "non-confirmation" has occurred. Non-confirmations can occur at bull market tops (when the security rises without, or before, the OBV) or at bear market bottoms (when the security falls without, or before, the On Balance Volume Technical Indicator).

The OBV is in a rising trend when each new peak is higher than the previous peak and each new trough is higher than the previous trough. Likewise, the On Balance Volume is in a falling trend when each successive peak is lower than the previous peak and each successive trough is lower than the previous trough. When the OBV is moving sideways and is not making successive highs and lows, it is in a doubtful trend. Once a trend is established, it remains in force until it is broken. There are two ways in which the On Balance Volume trend can be broken. The first occurs when the trend changes from a rising trend to a falling trend, or from a falling trend to a rising trend.

Calculation If today’s close is greater than yesterday’s close then:
OBV(i) = OBV(i-1)+VOLUME(i) If today’s close is less than yesterday’s close then: OBV(i) = OBV(i-1)-VOLUME(i) If today’s close is equal to yesterday’s close then: OBV(i) = OBV(i-1)

where:

  • OBV(i) — is the indicator value of the current period;
  • OBV(i-1) — is the indicator value of the previous period;
  • VOLUME(i) — is the volume of the current bar.

 

Usage

  • Download the attachment.
  • Copy it to your company VertexFX  Local VTL Files folder i.e. C:\Program Files\Company Name\vtl10\Local VTL Scripts\
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

Rate this product
0 vote
Favoured:
1

Listings details

License
$Free
Flat Monthly Fees
$0
Hits
3101
Rating
On
31 July 2015
Attachment (Desktop)

Download OBV.vtl (663 views)

Compatibility

Share This!

youtube-right

Search Plugins

Try VertexFX

download-button

VertexFX for iOS Android Icon VertexFX Web Trader VertexFX eBroker Icon VertexFX Backoffice Social Trading

Community Forum

Ask, Share, Engage

Enter Forum

Project Zone

A Trader or A Developer?

Enter the Project Zone

Latest Projects

Sponsored Ad

Double Inside Bar

Latest Plugins

Multi Pair Closer
Multi Pair Closer
Description: Multi Pair Closer Auto Trader is a powerful VertexFX client-side auto trader that monitors the net profit of a currency ...
CCI
CCI
Description: Description CCI Strategy is a VTL client script that will open buy market order when when indicators value greater then 0 ...
Trendless Oscillator
Trendless Oscillator
Description: Trendless Oscillator was developed by Joe DiNapoli and described in his book, Trading with DiNapoli levels. It used with ...

Most Reviewed Plugins

VertexFX News Trader 11
VertexFX News Trader 11
Description: Never miss out news trading opportunities again! VertexFX auto News Trader for VertexFX 11 is a unique trading plugin tha ...
VertexFX Bridge
VertexFX Bridge
Description: VertexFX Risk Management Bridge is a back end software used to connect your VertexFX system to another one for clearing an ...
Butterworth 2 Pole
Butterworth 2 Pole
Description: The Two Pole Butterworth filter is a VertexFX Indicator which uses smoothing method termed as low-pass filters to reduce ...

Featured Plugins

Volatility Ratio
Volatility Ratio
Description: Volatility Ratio is a powerful VertexFX client-side indicator based on volatility and trend reversal. Volatility is a m ...
Percentage Channel
Percentage Channel
Description: Percentage Channel, PCC is a modified version of the Donchain channel indicator. Instead of the N day High Low range use ...
Sadukey
Sadukey
Description: Sadukey is a VertexFX indicator that is build using a complex mathematical signal processing algorithm to capture trend ...

About Us

Established in 2002, Hybrid Solutions provides FOREX Online Trading Platform. Hybrid Solutions has adopted the latest technologies and international standards to develop its Online Trading Platform, VertexFX.

Read More

Contact us

uk16 UK: +44-2-071-936-008
australia16 Australia: +61-280-114-343
USA Flag USA: +1-845-657-3272
HongKong Flag HK: +852-8199-0933
Jordan Flag Jordan: +962-6-552-0822

Sales Chat on WhatsApp Sales Chat on WhatsApp

Send us Email

Join Our Mailing List

Expos & Awards

VertexFX Awards

Hybrid Photo Gallery

  

  

VertexFX Mobile Trader

VertexFX Mobile Trader android

VertexFX Mobile Trader iOS

VertexFX Cloud

VertexFX Cloud

Search Plugins

Latest Tweet

This website and its content are copyrights of Hybrid Solutions - © Hybrid Solutions 2002 - 2020. All rights reserved.

Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not have any intervention in any financial role or in the trading cycle. Hybrid Solutions clears its responsibility from any financial institute's behavior. Choose your broker wisely and seek independent advice if necessary.

اخلاء مسؤولية: هايبرد سوليوشنز هي الشركة المزودة لبرنامج (الفيرتكس اف اكس) للتداول الالكتروني ، تزود فقط التكنولوجيا اللازمة للوسطاء ولكنها لا تتدخل بأي شكل مهما كان في عمليات التداول أو بأي دور مالي. هايبرد سوليوشنز تخلي مسؤوليتها بشكل كامل عن تصرفات الوسطاء او كل ما من شأنه أن يسبب الخسارة للمتداول ، إختر وسيطك بتأني واطلب النصيحة من المختصين بالتداول عند الحاجة.

Close