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Positive Volume Index

Positive Volume Index item is a Trading Indicator and it was developed by Brian Brown on December 1, 2009.
The implementation of this Technical Analysis indicator demanded 15 lines of code.
The trading indicator is named 'positive_volume_index' and it is implemented using JScript.
It requires 0 inputs. The different inputs are:

p = positive_volume_index();

To show the trading indicator on a chart:
Plot(positive_volume_index(), "Positive Volume Index", colorRed);

Future and Past Bars:
The indicator does not require future bars. It requires no past bars.

Click on this link to download Positive Volume Index

Search terms used to find this trading item include positive volume index, pvi indicator, PVI index, positive volume, positive volume index indicator

The trading object is saved under the following categories: Technical Analysis

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.