Positive Volume Index (PVI) tracks volume as it increases from the previous day. Since PVI shows the actions of the majority of the traders,
it is usually used as a contrarian indicator; smart money is active on quiet days and not-so-smart money on busy days.
Positive Volume Index (PVI) tracks volume as it increases from the previous day. Since PVI shows the actions of the majority of the traders, it is usually used as a contrarian indicator; smart money is active on quiet days and not-so-smart money on busy days.