Positive Volume Index Indicator for MetaTrader 4 Platform

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Introduction:

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.

Installation:

1. Copy “Positive Volume Index.mq4” file to C:/Program Files/MetaTrader4/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “Positive Volume Index.mq4” to the chart of any currency pair.

Click to Download: Positive Volume Index

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