The Cumulative Volume Index function determines the momentum of the market by calculating the cumulative difference between the volumes of the advancing and declining issues. he Cumulative Volume Index resembles On Balance Volume, or OBV, in some respects. Both indexes were developed to demonstrate if volume is flowing into or out of the market.The CVI takes into consideration … [Read more...]
Negative Volume Index Explained
Negative Volume Index is based on days when volume is down from the previous day. Positive Volume Index is based on days when volume is up on the previous day.Basically it is an index that focuses on days where the volume has significantly decreased from the previous day's trading. The Negative Volume Index was introduced by Norman Fosback and is often used in conjunction with … [Read more...]