Positive Volume Index - PVI
An index that focuses on days where the volume has significantly increased from the previous day's trading.
Investopedia Commentary
It tries to determine what smart investors are doing. When trading volume is high it is thought that inexperienced investors are involved. Whereas on slow days, "shrewd investors" quietly buy or sell the stock.
Related Links
Volume Rate of Change
Simple Moving Averages and Volume Rate-of-Change
See also: Index, Negative Volume Index, Trade, Volume
Also spelled: PVI