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Published:

2018.06.06 13:36

PVI.mq5 (5.67 KB) view

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The "Positive Volume Index" indicator

It has no input parameters. It is calculated by the following formula:

if Volume[i]<=Volume[i+1]
Positive Volume Index[i]=Positive Volume Index[i+1]
and
if Volume[i]>Volume[i+1]
  Positive Volume Index[i]=Positive Volume Index[i+1]*(1+(Close[i]-Close[i+1])/Close[i+1])

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20379

Prevailing_Trend

An indicator of the prevailing trend.

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A split Moving Average

PVI - indicator for MetaTrader 5