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Positive Volume Index (PVI) Indicator

The Positive Volume Index, by Norman Fosback, operates under the premise that "smart money" is in action on "quiet days" and will determine the move before the crowd steps in.  Positive Volume Index crossing above its one year moving average may be the sign of a new bull market.  The author claims that there is a 76% possibility of a bull market when the PVI is above its one year moving average.

See Also

Positive Volume Index (PVI) Developer Help

Negative Volume Index (NVI)