Positive Volume Index
Volume, PVI
- What it shows
An index that changes only on bars when volume rose from the previous one.
- How it is built
On bars with higher volume the index moves by the percent change of price, otherwise it stays.
Default: EMA length 255.
- How traders read it
- Shows what price does when volume is high.
- Compared with its long average.
- Mostly used on daily charts.
Related indicators
Relative Volume at TimeVolumeVWAPVolume Weighted Moving Average
Negative Volume Index← All indicatorsRelative Volume at Time