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Indicators

Positive Volume Index - indicator for MetaTrader 4

Alexander Kocian
Views:
58749
Rating:
(9)
Published:
2013.09.18 07:33
Updated:
2018.02.17 22:04
PVI.mq4 (2.91 KB) view
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Description:

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.

Notice:

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

Image:

Positive Volume Index

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