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Indicators: Negative Volume Index

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Negative Volume Index:

Negative Volume Index (NVI) draws a connection between the volume downfall and financial instrument price change.

NVI indicator is designed so that its value changes only when the current day volume is lower than the previous day one. Due to the fact that the prices fall is often connected with decreasing volumes, NVI usually changes towards a downtrend.

Author: Nikolay Kositsin

Negative Volume Index

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