Positive Volume Index indicator – PVI

0 287 Views No Comments 1 year ago
HTS CLOUDBETA
  • 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 1 year ago by bunka.
    • This topic was modified 1 year ago by bunka.
    • This topic was modified 1 year ago by bunka.
    • This topic was modified 1 year ago by bunka.
    • This topic was modified 1 year ago by Team HaasScripts.
    HaasScript Code
    Sign in or Register to download for free
  • Mandala Trading Competition Promotion Type: contest Expires: June 9, 2023 Exclusive
    Trading volume competition, win up to $10,000 USDT and bounties.
  • Earn Up to 200 BMEX Tokens Promotion Type: contest Expires: March 31, 2023
    15 BMEX @ $20,000, 25 BMEX @ $50,000, 50 [email protected] $200,000, 100 BMEX @ $400,000, 200 BMEX @ $600,000 in monthly derivatives volume
Login or Register to Comment

Unlock your crypto trading potential

Create a free account and enjoy everything we have to offer.

Join for Free