Indicators: PVI

 

PVI:

Positive Volume Index. 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])

Author: Scriptor