Posted by Mohammad Rahhal, Last modified by Diana Alkouni on 14 September 2020 12:24 PM


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.


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.


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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