Positive Volume Index indicator – PVI

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  • Positive Volume Index indicator – PVI

    The theory behind the indexes is as follows: On days of increasing volume,
    you can expect prices to increase, and on days of decreasing volume, you can
    expect prices to decrease. This goes with the idea of the market being in-gear
    and out-of-gear. Both PVI and NVI work in similar fashions: Both are a running
    cumulative of values, which means you either keep adding or subtracting price
    rate of change each day to the previous day’s sum. In the case of PVI, if today’s
    volume is less than yesterday’s, don’t add anything; if today’s volume is greater,
    then add today’s price rate of change. For NVI, add today’s price rate of change
    only if today’s volume is less than yesterday`s.

    • This topic was modified 8 months, 2 weeks ago by bunka.
    • This topic was modified 8 months, 2 weeks ago by bunka.
    • This topic was modified 8 months, 2 weeks ago by bunka.
    • This topic was modified 8 months, 2 weeks ago by bunka.
    • This topic was modified 8 months, 2 weeks ago by Team HaasScripts.
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