PositiveVolumeIndex

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"