Positive Volume Index + Negative Volume Index — Indicator by cheatcountry

volumestudies volume negativevolumeindex pvi nvi positivevolumeindex negativedivergence positivedivergence

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!

Release Notes:

updated it so the signal length is able to be changed

Release Notes:

updated to make it consistent with my other indicators

Release Notes:

fixed issue with default resolution

Release Notes:

Updated to v5

I created the largest stock indicator library:
github.com/ooples/

Custom Indicator Requests:
forms.gle/ouMffZR3dQ8bSJQG7

Tips are appreciated:
paypal.me/cheatcountry
patreon.com/cheatcountry

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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