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Positive Volume Index

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byMike
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PositiveVolumeIndex(Vector)
PVI(Vector)

Overview
The Positive Volume Index puts focus on periods when volume increases from the previous period.

Interpretation
The interpretation of the Positive Volume Index is that the majority of investors are buying when the index rises, and selling when the index falls.

Recommended Parameters
Vector: CLOSE

Example
set PVI = PVI(CLOSE)
plot(PVI, line, red, PVI)

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