PositiveVolumeIndex(String,Series) Method
We evaluate the Positive Volume Index(PVI) wich take in the consideration the
days where volume increase from the previous day.
[Visual Basic]
Overloads Public Shared Function PositiveVolumeIndex( _
ByVal seriesName As String, _
ByVal s As Series _
) As Series
Parameters
- seriesName
- The name of the series which will be displayed on the chart, i.e. its label.
- s
- An series where the first element is the closing price in the last trading period,
the second term is the closing price in the previous trading period and so on.
Remarks
Indicator Formula
The formula for this indicator is:
If the volume is greater then the yesterday volume then:
PVI = Yesterday's PVI + (((Close - Yesterday's Close)/Yesterday's Close) *Yesterday's PVI)
If today's volume is less than or equal to yesterday's volume then:
PVI = Yesterday's PVI
Allways the first element of an financial array will be a
value of the most recent period considered.
See Also
FinancialEngine Class
| FinancialEngine Members
| Overload List
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