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Positive Volume Index - indicator for MetaTrader 4

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votes: 5
2013.09.18 07:33
2016.11.22 07:32
PVI.mq4 (2.92 KB)view


This indicator, recognizing trends in an early stage, can be used to get ready for a break-out scenario.

The indicator depicts the Positive Volume Index (PVI), smoothed by the factor MA_PERIOD (default=2). For comparison purpose, the EMA with period ME_PERIOD (default=10) is also added to the indicator window.


The code is at it is. The author does not carry liability for any errors or mistakes in the program.


Positive Volume Index

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