Indicators: Positive Volume Index
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Positive Volume Index:
Positive Volume Index (PVI) draws a connection between the volume rise and financial instrument price change.
PVI indicator is designed so that its value changes only when the current day volume is higher than the previous day one. Due to the fact that the prices growth is often connected with increasing volumes, PVI usually changes during an uptrend (and follows it).
Author: Nikolay Kositsin