This indicator was originally developed by Paul L. Dysart in the 1930s and then described and popularized by Norman G. Fosback in his book "Stock Market Logic: A Sophisticated Approach to Profits on Wall Street"
Hi @everget Thank you for this amazing indicator. Could you please let me know how could I add a scale when displaying so the indicator displays from -50 to +50 scale with a midline at 0. Thank you for your help.
everget
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Hi @ashdays, it's not possible to scale this indicator correctly because it's not bounded. You can try at your own risk to apply the formula of Stochastic (and subtract 50) to both pvi and the signal
Its amazing indicator. I would like to know the values assigned with red is it in value or volumes. Further, what is the difference in PVI and NVI indicators. Can you please explain. It would be of great help. Thanks a lot.
asbani
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Bro how to use it? i know it look simple but is it like long when changed to green and short when changed to red? i know its obvious but if this is too simple then how does it work