you can expect prices to increase, and on days of decreasing , you can
expect prices to decrease. This goes with the idea of the market being in-gear
and out-of-gear. Both PVI and work in similar fashions: Both are a running
cumulative of values, which means you either keep adding or subtracting price
each day to the previous day`s sum. In the case of PVI, if today`s
is less than yesterday`s, don`t add anything; if today`s is greater,
then add today`s price . For , add today`s price
only if today`s is less than yesterday`s.
You can change long to short in the Input Settings
- For purpose educate only
- This script to change bars colors.