"PositiveVolumeIndex" (Financial Indicator)

Commonly abbreviated as PVI.

Is a trend indicator.

Was developed by Norman Fosback.

Is computed using the close price and volume.

Returns two time series, the PVI, which accumulates when volume increases, and a cumulative average.

Examples

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See Also

"NegativeVolumeIndex"  ▪  "OnBalanceVolume"  ▪  "CloseLocationValueVolume"  ▪  "AccumulationDistributionLine"