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Negative Volume Index (NVI) Indicator

The Negative Volume Index, by Norman Fosback, operates under the premise that "smart money" is in action on "quiet days" and will determine the move before the crowd steps in.  Negative Volume Index crossing above its one year moving average may be the sign of a new bull market.  The author claims that there is a 95% possibility of a bull market when the NVI is above its one year moving average.

See Also

Negative Volume Index (NVI) Developer Help

Positive Volume Index (PVI)