ClearPath Trader

Negative Volume Index

Cumulative index that updates primarily on down-volume days. Traditionally linked to “smart money” activity hypotheses.

Category: Volume · Complexity: ★★★★☆ (4/5)

Tags: volume, study-card, volume

Study card — educational illustration only (no live overlay in Charts).

Negative Volume Index chart illustration

Formula

Negative Volume Index is computed from price, volume, breadth, or macro prints depending on class (Volume). See the description for the defining inputs.

How to read

Read Negative Volume Index as a labeling tool: it describes a condition (trend, stretch, participation, or macro). Confirm with price structure, not the indicator alone. This entry is a study card — not every encyclopedia model has a live chart overlay.

Limitations

Negative Volume Index can lag, repaint (some drawings), or stay extreme in trends. It is not financial advice and not a broker signal.

Typical settings

Use the author's original defaults first; change one parameter at a time.

Negative Volume Index is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.

Browse the full indicator directory →