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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: jim kelley who wrote (149398)12/17/1999 10:17:00 AM
From: OLDTRADER  Respond to of 176387
 
RE:OBV-ON balance volume.The difference between the amount of shares on the Buy side -the amount of shares on the sell side "as I interpret it".No further comments on this subject this AM.Going off the air.



To: jim kelley who wrote (149398)12/17/1999 11:28:00 AM
From: Lee  Read Replies (1) | Respond to of 176387
 
Hi Jim,..Re:.OBV,

You probably already know this but below is a link to the formula and description of OBV along with Dell daily and weekly charts showing OBV. <g>

mindspring.com Balance Volume
On Balance Volume relates volume to price change. It is calculated by adding the day's volume to a cumulative total when the security's price closes up, and subtracting the day's volume when the security's price closes down.

If today's close > yesterday's close,
then OBV = yesterday's OBV + today's volume

If today's close < yesterday's close,
then OBV = yesterday's OBV - today's volume

If today's close = yesterday's close,
then OBV = yesterday's OBV

On Balance Volume is a running total of volume. It seeks to show if volume is flowing into or out of a security. 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 following formula calculates the On Balance Volume indicator: (if(c > ref(c,-1),1,-1) * volume) + PREV. Note that the PREV constant represents the value of the indicator on the previous day.

204.71.198.40:443/945447612972?User=demo&Pswd=demo&DataType=GIF&Symbol=DELL&Interval=D&Ht=400&Wd=600&Display=0&Study=OBV&Param1=&Param2=&Param3=&FontSize=10
Dell daily with OBV

204.71.198.40:443/945447667961?User=demo&Pswd=demo&DataType=GIF&Symbol=DELL&Interval=W&Ht=400&Wd=600&Display=0&Study=OBV&Param1=&Param2=&Param3=&FontSize=10
Dell weekly with OBV

Cheers,

Lee