Positive Volume Index
VolumeOwn panel belowNeeds volumeA running total that only changes on days when volume rose.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It is the twin of the negative volume index and watches only the busy days. Put both on and you can see whether quiet and busy days tell different stories.
Where it misleads
On its own it mostly just looks like price.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Percentage Volume OscillatorThe gap between a short and a long average of volume, as a percentage.
- Net VolumeVolume drawn as a positive bar on up bars and a negative one on down bars.
- Volume OscillatorHow much heavier the short average of volume is than the long one, in percent.
- Relative VolumeHow many times its usual volume today traded.
- Volume + MAVolume bars with a moving average drawn over them.
- Williams A/DA running total of how far each bar pushed past the previous close.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.