Positive Volume Index - PVI

What Does It Mean?
What Does Positive Volume Index - PVI Mean?
An index that focuses on days where the volume has significantly increased from the previous day's trading.
Investopedia Says
Investopedia explains Positive Volume Index - PVI
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.
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