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Positive Volume Index - indicator for MetaTrader 4

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Positive Volume Index - indicator for MetaTrader 4


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  • 10989_en.zip 954 Bytes



Description:
This indicator, recognizing trends in an early stage, can be used to get ready for a break-out scenario.
The indicator depicts the Positive Volume Index (PVI), smoothed by the factor MA_PERIOD (default=2). For comparison purpose, the EMA with period ME_PERIOD (default=10) is also added to the indicator window.
Notice:
The code is at it is. The author does not carry liability for any errors or mistakes in the program.

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