OPEN-SOURCE SCRIPT

Positive Volume Index + Negative Volume Index

Updated
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
negativedivergenceNegative Volume Index (NVI)NVIpositivedivergencePositive Volume Index (PVI)PVIVolume IndicatorVolume

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 publication is governed by House rules. You can favorite it to use it on a chart.

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

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