The Trade Volume index showswhether a security is being accumulated or distribute. When the indicator isrising, the security is said to be accumulating. when the indicator is falling,the security is said to being distributing. Prices may reverse when theindicator converges with price.
The TVI helps identify whetherbuyers or sellers are in control. If the TVI is trending up, it indicates thatbuyers are in control. If the TVI is trending down, it indicates that sellersare in control. If the TVI is abovezero, it indicates that net buying has taken place over the time perioddisplayed. If the TVI is below zero, it indicates that net selling has takenplace over the time period displayed
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