PVI - indicator for MetaTrader 5

PVI – indicator MetaTrader 5

by

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])


PVI – indicator MetaTrader 5
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