cheatcountry

Positive Volume Index + Negative Volume Index

This is my version of plotting the classic Positive Volume Index and Negative Volume Index . They can be wildly different sometimes and not very helpful with entry and exit points but I hope this helps clearly identify buy and sell signals. Buy when the indicator is green and sell when it is red

This was a special request so let me know when you want more scripts from me!
Notas de prensa: updated it so the signal length is able to be changed
Notas de prensa: updated to make it consistent with my other indicators
Notas de prensa: fixed issue with default resolution
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Comentarios

Hello, Thank you for putting this together. Quick question: what does signal length do? Is it based on timeframe? How would this change based on ema? Thank you
+1 Responder
cheatcountry dhman2012
@dhman2012, The indicator is the difference between positive volume index and negative volume index so the signal is the ema of the indicator based on the signal length. I chose the signal length because I wanted a number that would give crossovers between the signal and indicator but not too many. Feel free to change the signal length if you want.
+4 Responder
dhman2012 cheatcountry
@cheatcountry, Got it. Thanks for the explanation and the great work!
+1 Responder
cheatcountry dhman2012
Responder
what the black line mean?
Responder
cheatcountry centurus69
@centurus69, The black line is the signal line of the indicator
Responder
Thanks for the script, question the yellow dots (trend indication) on the top portion isn't connected to your indicator right?
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cheatcountry cloves2018
@cloves2018, yes that is one of my indicators
Responder
great work
Responder
cheatcountry abhijeetyourfriend
@abhijeetyourfriend, thank you!
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