A relative volume indicator which increases by the volume traded when the stock price goes up and decreases by the volume traded when the stock goes down.
Syntax: OBV(Interval, [Ref], [Symbol])
Interval = Required.
[Ref] = Optional.
[Symbol] = Optional.
Examples:
OBV(15,,YHOO)
On Balance Volume for YHOO calculated using 15 minute increments.
OBV(60,,)
On
Balance Volume for the security on the current line calculated using 60
minute increments.