|
|
Glossary of Terms>P>Positive Volume IndexNorman Fosback developed the Positive Volume Index (PVI) along with the Negative Volume Index as a tool to identify bull and bear markets. The PVI index relates an increase in volume to the change in the security's price and highlights days where trading volume has substantially increased from the previous day. It uses the assumption that high trading volume indicates a greater number of unsophisticated market participants.
Chart courtesy of Prophet Financial Systems (www.prophet.net)
Site Index: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
|