This is my version of plotting the classic Positive Volume Index and Negative Volume Index . They can be wildly different sometimes and not very helpful with entry and exit points but I hope this helps clearly identify buy and sell signals. Buy when the indicator is green and sell when it is red
This was a special request so let me know when you want more scripts from me!
updated it so the signal length is able to be changed
updated to make it consistent with my other indicators
@dhman2012, The indicator is the difference between positive volume index and negative volume index so the signal is the ema of the indicator based on the signal length. I chose the signal length because I wanted a number that would give crossovers between the signal and indicator but not too many. Feel free to change the signal length if you want.