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VolumePine Script v6Built-in Variable

ta.pvi

Positive Volume Index

Positive Volume Index. Tracks price changes on days when volume increases from the previous day.

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Syntax

Syntax
ta.pvi

Returns

series float

Code Examples

Pine Script v6 Example
//@version=6
indicator("Positive Volume Index")

plot(ta.pvi, color=color.yellow)

// the same on pine
f_pvi() =>
    float ta_pvi = 1.0
    float prevPvi = (nz(ta_pvi[1], 0.0) == 0.0) ? 1.0 : ta_pvi[1]
    if nz(close, 0.0) == 0.0 or nz(close[1], 0.0) == 0.0
        ta_pvi := prevPvi
    else
        ta_pvi := (volume > nz(volume[1], 0.0)) ? prevPvi + ((close - close[1]) / close[1]) * prevPvi : prevPvi
    result = ta_pvi

plot(f_pvi())

Trading Applications

Track crowd behavior on high-volume days

Pair with NVI for complete volume analysis

Identify retail vs institutional activity

Detect volume-driven price movements

Related Functions

ta.nvi

Frequently Asked Questions

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