Positive Volume Index

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The Positive Volume Index function calculates a cumulative value based on days where the trading volume has increased from the previous day. On days where the volume remained the same or decreased, the PVI remains unchanged. Applications of PVI include indication of market trends. For example, a bear market may be indicated when the PVI drops below its one-year moving average.

1. Syntax

POSVOLUME(d0,d1)

2. Input

The Positive Volume Index function requires the following input series:

  • d0 - Volume data values - The first set of data values for which the Positive Volume Index is calculated, usually the daily volume for a stock.
  • d1 - Price data values - The second set of data values for which the Positive Volume Index is calculated, usually the daily close price of a stock.

3. Parameters

The Positive Volume Index function has no parameters.

4. Output

The Positive Volume Index function generates the following output:

  • Positive Volume Index - The Positive Volume Index result set.

5. See also

Dundas Data Visualization, Inc.
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Toronto, ON, Canada
M3C 3G8

North America: 1.800.463.1492
International: 1.416.467.5100

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