POSITIVE VOLUME INDEX - PVI
An indicator used in technical analysis that is based on days where trading volume has significantly increased from the previous day. The Positive Volume Index (PVI) assumes that uninformed investors dominate the action on days with substantial trading volume, while the "smart money" - consisting of institutions, funds and professional traders - is more active on relatively quiet days with below-average trading volume.
As the PVI only takes into consideration days when trading volume is higher compared with the previous period, if the PVI is up, it implies that price is appreciating on rising volume, while a lower PVI implies that price is declining on rising volume. Technicians believe the PVI is better at identifying bear markets than bull markets. PVI can be calculated on a daily or weekly basis.
POPULAR TERMS
Target Return
Remainder Man
Average Collected Balance
Bankable Funds
Prudent-Person Rule
POPULAR ARTICLE
SEE FOREX TUTORIAL
An Introduction to Forex
Digesting Financial Statements: Revenue
Student Loans: Repayment in Times of Financial Difficulty
Digesting Financial Statements: Long-Lasting Assets
A Guide to Your Personal Income Tax: Common Filing Mistakes
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|---|---|---|---|
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