Negative Volume Index (NVI) tracks volume as it decreases from the previous day. Since NVI shows the actions of the majority of the traders,
it is usually used as a contrarian indicator; smart money is active on quiet days and not-so-smart money on busy days.
Negative Volume Index (NVI) tracks volume as it decreases from the previous day. Since NVI shows the actions of the majority of the traders, it is usually used as a contrarian indicator; smart money is active on quiet days and not-so-smart money on busy days.