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You liked the script? Try it in the MetaTrader 5 terminal
PVI - indicator for MetaTrader 5
- Views:
- 3994
- Rating:
- Published:
- 2018.06.06 13:36
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The "Positive Volume Index" indicator
It has no input parameters. It is calculated by the following formula:
if Volume[i]<=Volume[i+1] Positive Volume Index[i]=Positive Volume Index[i+1] and
if Volume[i]>Volume[i+1] Positive Volume Index[i]=Positive Volume Index[i+1]*(1+(Close[i]-Close[i+1])/Close[i+1])
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20379