Cumulative Volume Index (CVI),
Definition of Cumulative Volume Index (CVI):
A metric used in technical analysis that measures the volume of inflows and outflows of funds by tracking advancing and declining stocks.
The cumulative volume index is a breadth indicator that shows the direction of a market or index, such as the New York Stock Exchange or S&P 500 index. While its name makes it sound similar to the On-Balance Volume indicator, the difference is that CVI only looks at the number of securities rather than looking at their volume, similar to the Advance/Decline Index.
The cumulative volume index, or CVI, is a momentum indicator that gauges the movement of funds into and out of the entire stock market by adding the difference between advancing and declining stocks to a running total.
Meaning of Cumulative Volume Index (CVI) & Cumulative Volume Index (CVI) Definition