The Trade Volume Index study keeps running total of volume flowing in and out of a security. When the difference between current Close and its previous value is higher than the specified amount, volume of the current bar is considered positive; if it is lower, the volume is considered negative; if the Close prices are equal the sign of volume of previous bar is taken.
This indicator is often used by day traders to determine whether the security is being accumulated or distributed.
||Defines the minimum amount by which the current Close price must be greater than its previous value for the volume to be considered positive.|
||The Trade Volume Index plot.|
||The zero level.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.