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Positive Volume Index – PVI

Positive Volume Index – PVI Definition

Positive Volume Index is an indicator of how the financial market is moving by tracking trading volume.  It looks at volume for increases from the previous day.  Unusually high trading volume days are usually looked at as inexperienced investors moving into the market, while lower volume days are the result of more experienced traders. 

The formula for the PVI is:

 PVI (today) = PVI (yesterday) + [(Ct-Cy) / Cy] x PVI (yesterday)

Ct is today’s closing price and Cy is yesterday’s closing price.


Additional meaning of Positive Volume Index – PVI:

Opposite of negative volume index.








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