Knowledgebase:
PositiveVolumeIndex
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 19 June 2016 09:54 AM

Syntax

Public Function PositiveVolumeIndex(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE, volumeVal As ENUM_VOLUME_METHOD) As String

The Positive Volume Index shows focus on periods when volume increases from the previous period. 

The interpretation of the Positive Volume Index is that many investors are buying when the index raises, and selling when the index falls.

Parameters

Key Description 
chart_id Chart identifier, 0 is the current chart ,value of type Long
applyTo Applied price , can be one of the  ENUM_APPLIED_PRICE.
volumeVal Volume type for calculation, can be one of the  ENUM_VOLUME_METHOD.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (PositiveVolumeIndex(0,price_close,volume_open))

'Draws the indicator on chart and shows a message box with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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