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The Cumulative Volume Index (CVI) is a cumulative total of the difference between upside volume and downside volume. It indicates whether money is flowing into or out of the market.

CVI always starts from 0, so that the direction and the slope of the line is more important than the values.

 

Calculation:

CVI = (UPV – DNV) + PrevCVI

           UPV = The total volume of the securities with a higher closing price of the previous closing price

           DNV = The total volume of the securities with a lower closing price of the previous closing price

           PrevCVI = The previous value of the indicator

 

Inputs:

Group = XU100

Indicates the portfolio, group or index.

 

Indicator Type: Market Breadth