Positive Volume Index

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Positive Volume Index

Postby Alexander.Gettinger » Mon Nov 07, 2011 11:04 am

This indicator is a ported MQL5 indicator from http://www.mql5.com/ru/code/518 (in Russian).

Formulas:
PVI[i]=PVI[i-1], if Volume[i]<=Volume[i-1] and
PVI[i]=PVI[i-1]*(1+(Close[i]-Close[i-1])/Close[i-1]), if Volume[i]>Volume[i-1].

PVI.png


Download:
PVI.lua
(1.34 KiB) Downloaded 977 times


Negative Volume Index is available here.
viewtopic.php?f=17&t=9707&p=113

Volume Index is combination of two.
viewtopic.php?f=17&t=65176

The indicator was revised and updated
Alexander.Gettinger
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Re: Positive Volume Index

Postby Apprentice » Thu May 03, 2018 4:10 pm

The indicator was revised and updated.
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Apprentice
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