On Balance Weighted Volume

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The On Balance Weighted Volume function calculates a cumulative volume that depends on stock price. The daily volume is weighted by the difference in stock price between the day's close and the previous day's close before it is added to the cumulative result. Applications of On Balance Weighted Volume include confirmation of price movements and providing indication of possible trend reversals.

1. Syntax

ONBALVOLWGHT(d0,d1)

2. Input

The On Balance Weighted Volume function requires the following input series:

  • d0 - Volume data values - The first set of data values for which the On Balance Weighted Volume is calculated, usually the daily volume for a stock.
  • d1 - Price data values - The second set of data values for which the On Balance Weighted Volume is calculated, usually the daily close price of a stock.

3. Parameters

The On Balance Weighted Volume function has no parameters.

4. Output

The On Balance Weighted Volume function generates the following output:

  • On Balance Weighted Volume - The On Balance Weighted Volume result set.

5. See also

Dundas Data Visualization, Inc.
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