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Click here to view the related article "Positive Volume Index Or Negative Volume Index". Here's how to calculate positive volume index (PVI) and negative volume index (NVI): TC = Today's close YC = Yesterday's close If today's volume is greater than yesterday's volume: PVI = yesterday's PVI + (((TC - YC) / YC) * yesterday's PVI) NVI = yesterday's NVI If today's volume is less than yesterday's volume: NVI = yesterday's NVI + (((TC - YC) / YC) * yesterday's NVI) PVI = yesterday's PVI If today's volume equals yesterday's volume: PVI = yesterday's PVI NVI = yesterday's NVI |
Here is the Tradestation code for PVI in Easylanguage:
Here is the Tradestation code for NVI in Easylanguage:
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Click here to download the Excel spreadsheet. |
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