What is the Trade Volume Index (TVI) formula and how is it ... | Volume index
LinkedInwithBackgroundTradingStrategiesBeginnerTradingStrategiesDayTradingSwingTradingAdvancedTradingStrategies&InstrumentsTradingTradingStrategiesThetradevolumeindex(TVI)measurestheamountofmoneyflowinginandoutofasecurityorthemarket.TheTVIdependsonthedirectionofthesecurityandwhethersecuritiesareaccumulatedordistributed.TheTVIgenerallyusesasecurity'sintradaypricedata.TocalculatetheTVI,theminimumtickvalueofthesecuritymustbeknown.Next,thechangeinpricemustbecalculatedbysubtractingthelastpricefromthemostcurrentprice.Then,thedirectionmustbedetermined.Ifthechangeinthesecurity'spriceisgreaterthantheminimumtickvalue,thesecurityisinanaccumulationperiod.Ifthechangeinthesecurity'spriceislessthantheminimumtickvalue,thesecurityisinadistributionperiod.Ifthechangeislessthanorequalto,orgreaterthanorequalto,theminimumtickvalue,thesecurity'sdirectionisthesameasthelastdirection.Whenthedirectionisdetermined,theTVIcanbecalculated.Ifthesecurityisinaccumulation,thecurrentTVIistheprevioustradevolumeindexplusthecurrentday'svolume.Conversely,ifthesecurityisindistribution,theTVIistheprevioustradevolumeindexlessthecurrentday'svolume.TheTVIcanbeusedtoindicatebuyingorsellingpressurewithinasecurity.Say,forexample,thechangesinthepricesofthesecurityaregreaterthantheminimumtickvalueandhavebeenrisingoverasix-hourperiod.Thissignalstradersandinvestorsareaccumulatingthesecurityandbuyingattheask.Thiscanbeinterpretedasbullishactivityandmaysignalthesecuritycouldincreaseinpriceduetothebuyingpressure.CompareAccountsAdvertiserDisclosure×TheoffersthatappearinthistablearefrompartnershipsfromwhichInvestopediareceivescompensation.Thiscompensationmayimpacthowandwherelistingsappear.Investopediadoesnotincludealloffersavailableinthemarketplace.ProviderNameDescriptionRelatedArticlesAdvancedTechnicalAnalysisConceptsInterpretingVolumefortheFuturesMarketCorporateBondsSimpleMathTermsforFixed-CouponCorporateBondsOptionsTradingStrategy&EducationTheTopTechnicalIndicatorsforOptionsTradingOptionsTradingStrategy&EducationTheEsse
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