Price Volume Rank
The Price Volume Rank was developed as a simple indicator that could be calculated even without a computer. The basic interpretation is to buy when the PV Rank is below 2.5 and sell when it is above 2.5.
The Price Volume Rank was developed by Anthony J. Macek and is described in his article in the June, 19994 issue of Technical Analysis of Stocks & Commodities magazine.
Formula:
Copyright © 2020, FM Labs, Inc.