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VolumePine Script v6Built-in Variable

ta.nvi

Negative Volume Index

Negative Volume Index. Tracks price changes on days when volume decreases from the previous day.

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Syntax

Syntax
ta.nvi

Returns

series float

Code Examples

Pine Script v6 Example
//@version=6
indicator("Negative Volume Index")

plot(ta.nvi, color=color.yellow)

// the same on pine
f_nvi() =>
    float ta_nvi = 1.0
    float prevNvi = (nz(ta_nvi[1], 0.0) == 0.0) ? 1.0 : ta_nvi[1]
    if nz(close, 0.0) == 0.0 or nz(close[1], 0.0) == 0.0
        ta_nvi := prevNvi
    else
        ta_nvi := (volume < nz(volume[1], 0.0)) ? prevNvi + ((close - close[1]) / close[1]) * prevNvi : prevNvi
    result = ta_nvi

plot(f_nvi())

Trading Applications

Track smart money activity on low-volume days

Identify divergences between NVI and price

Use NVI/PVI pair for comprehensive volume analysis

Detect institutional accumulation patterns

Related Functions

ta.pvi

Frequently Asked Questions

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