Summary
On Balance Volume measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume on down days.
Syntax
public interface OnBalanceVolume
Members
Name | Type | Summary |
---|---|---|
Result | Property | Gets or sets the time series of the On Balance Volume indicator. |
Example 1
private OnBalanceVolume _onBalanceVolume; [Parameter] public DataSeries Source { get; set; } [Output("Main")] public IndicatorDataSeries Result { get; set; } protected override void Initialize() { _onBalanceVolume = Indicators.OnBalanceVolume(Source); } public override void Calculate(int index) { // Display Result of Indicator Result[index] = _onBalanceVolume.Result[index]; }
Example 2
using cAlgo.API; using cAlgo.API.Indicators; namespace cAlgo.Robots { // This sample cBot shows how to use the On Balance Volume indicator [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)] public class OnBalanceVolumeSample : Robot { private double _volumeInUnits; private OnBalanceVolume _onBalanceVolume; private SimpleMovingAverage _simpleMovingAverage; [Parameter("Volume (Lots)", DefaultValue = 0.01)] public double VolumeInLots { get; set; } [Parameter("Stop Loss (Pips)", DefaultValue = 10)] public double StopLossInPips { get; set; } [Parameter("Take Profit (Pips)", DefaultValue = 10)] public double TakeProfitInPips { get; set; } [Parameter("Label", DefaultValue = "Sample")] public string Label { get; set; } public Position[] BotPositions { get { return Positions.FindAll(Label); } } protected override void OnStart() { _volumeInUnits = Symbol.QuantityToVolumeInUnits(VolumeInLots); _onBalanceVolume = Indicators.OnBalanceVolume(Bars.ClosePrices); _simpleMovingAverage = Indicators.SimpleMovingAverage(_onBalanceVolume.Result, 9); } protected override void OnBar() { if (_onBalanceVolume.Result.HasCrossedAbove(_simpleMovingAverage.Result, 0)) { ClosePositions(TradeType.Sell); ExecuteMarketOrder(TradeType.Buy, SymbolName, _volumeInUnits, Label, StopLossInPips, TakeProfitInPips); } else if (_onBalanceVolume.Result.HasCrossedBelow(_simpleMovingAverage.Result, 0)) { ClosePositions(TradeType.Buy); ExecuteMarketOrder(TradeType.Sell, SymbolName, _volumeInUnits, Label, StopLossInPips, TakeProfitInPips); } } private void ClosePositions(TradeType tradeType) { foreach (var position in BotPositions) { if (position.TradeType != tradeType) continue; ClosePosition(position); } } } }