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Negative Volume Index

Negative Volume Index Definition

Negative Volume Index is an indicator to find bullish trends within financial markets. Negative volume index only takes into account the trading days which have lower trading volume than the previous days.

NVI is calculated as:

NVI (today) = NVI (yesterday) + [(Ct-Cy) / Cy]

Where Ct is today’s closing price and Cy is yesterdays closing price. If yesterday’s volume is lesser than today’s volume, then Zero is added to NVI (yesterday).

Negative volume index tries to track where the smart traders are doing with their money.


Additional meaning of Negative Volume Index:

NVI was named AMOMET, the acronym of “A Measure Of Major Economic Trend.”

 





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