stockfetcher msg #32874 |
8/17/2004 2:39:00 PM
| Positive Volume Index |
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| Usage |
Postive Volume Index
PVI
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| Description |
The Positive Volume Index (PVI), developed by Norman Fosback, is affected by days where the volume has increased from the previous day. By analyzing only positive volume days, the PVI attempts to detect days when the market is in a "follow-the-leader" mode, or as Fosback indicates, the PVI shows what the "not-so-smart" money is doing.
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| Examples |
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