![]() ![]() It then divides the result by the sum of all price movements over the same period. New Functions:Ĭmo (The Chande Momentum Oscillator) calculates the difference between the sum of recent gains and the sum of recent losses. Pvi (The Positive Volume Index) is an indicator used in technical analysis that provides signals for price changes based on positive increases in trading volume. Nvi (The Negative Volume Index) is a technical indication line that integrates volume and price to graphically show how price movements are affected from down volume days. ![]() Pvt (The Price-Volume Trend) is an indicator that helps determine price direction and the strength of price change. Obv (On-balance volume, OBV) is a technical trading momentum indicator that uses volume flow to predict changes in price. It is based solely on price data and here, accumulation/distribution represents the sum of positive (accumulation) and negative (distribution) price movements. Wad (Williams Accumulation/Distribution) measures positive and negative market pressure. Wvad ( The Williams Variable Accumulation/Distribution) indicator is a running total of volume that shows the momentum for a symbol within a period. It can be used to follow how intraday highs and lows are moving with volume in comparison to the previous day’s closing price. Iii (The Intraday Intensity Index) is a volume -based technical indicator that integrates volume with a symbol’s price. We hope those of you already familiar with Pine will enjoy these new additions. If you haven’t yet had a chance to explore Pine, you can start here. ![]() Today, we’re adding 17 new functions and variables to our Pine scripting language, including the Money Flow Index, Price-Volume Trend, and more. ![]()
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