Merge branch 'dev'

This commit is contained in:
Miha Kralj
2026-03-13 13:47:10 -07:00
404 changed files with 2754 additions and 1763 deletions
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| **PineScript** | [pvi.pine](pvi.pine) |
- The Positive Volume Index tracks price changes exclusively on days when trading volume increases compared to the previous day.
- Parameterized by `startvalue` (default 100.0).
- Output range: Unbounded.
- Requires `> 2` bars of warmup before first valid output (IsHot = true).
- **Similar:** [NVI](../nvi/Nvi.md), [OBV](../vwad/Vwad.md) | **Complementary:** MA crossover | **Trading note:** Positive Volume Index; tracks price on high-volume days. Used with NVI for smart/uninformed money.
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
The Positive Volume Index tracks price changes exclusively on days when trading volume increases compared to the previous day. The underlying theory: retail investors—the "uninformed crowd"—drive high-volume trading days, often reacting emotionally to news and price movements. Institutional investors prefer to operate during quieter periods to avoid moving markets.
@@ -194,4 +192,4 @@ The danger signal: **PVI rising while NVI falling**. Retail enthusiasm without i
- Fosback, N. (1976). *Stock Market Logic*. Institute for Econometric Research.
- Investopedia. "Positive Volume Index (PVI)." [Definition](https://www.investopedia.com/terms/p/pvi.asp)
- StockCharts. "Positive Volume Index (PVI)." [Technical Indicators](https://school.stockcharts.com/doku.php?id=technical_indicators:positive_volume_index)
- TradingView. "PineScript ta.pvi()." [Reference](https://www.tradingview.com/pine-script-reference/v5/#fun_ta{dot}pvi)
- TradingView. "PineScript ta.pvi()." [Reference](https://www.tradingview.com/pine-script-reference/v5/#fun_ta{dot}pvi)