Positive Volume Index (Fosback) — negativeVolumeIndex's twin,
compounding a bar's return only when that bar's volume was higher than
the previous bar's:
Every convention, edge and gap rule on negativeVolumeIndex applies
unchanged — including that an unchanged volume holds, so NVI and PVI do
not partition the bars between them: a flat-volume bar is compounded into
neither.
Positive Volume Index (Fosback) — negativeVolumeIndex's twin, compounding a bar's return only when that bar's volume was higher than the previous bar's:
Every convention, edge and gap rule on negativeVolumeIndex applies unchanged — including that an unchanged volume holds, so NVI and PVI do not partition the bars between them: a flat-volume bar is compounded into neither.
Appends one column (
pviby default).