Syntax
Public Function PositiveVolumeIndex(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE, volumeVal As ENUM_VOLUME_METHOD) As StringDescription
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 theENUM_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 SubSee Also