technical indicator</strong></a> used to track price movement during periods when the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-trading-volume/">trading volume</strong></a> had decreased from a particular point. NVI was created by Paul Dysart in the 1930s, making it one of the oldest financial indicators.</p>\n<p>The general principle of the NVI is that a rising trend can continue even if there is a notable decline in trading volume. Uninformative traders take the blame for the exorbitant trading volumes, while informed traders&nbsp;play a role during low trading volume days.</p>\n<p>NVI is used to indicate what the general <strong>mindset of smart money</strong> is. Investments made by large-scale investors that are associated with significant asset price movements in the financial markets are referred to as smart money.</p>\n<p>Professional traders are more likely to trade while smart money is not active. This reduces the level of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility, and maintains a low asset volume. Such trading conditions allow for opportunities to accumulate assets.</p>\n<h2>Positive Volume Index (PVI)</h2>\n<p>Traders can use the Positive Volume Index (PVI) alongside NVI to measure the increase in volume at specific periods of time. The increase of PVI tends to indicate a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bear-market/">bearish market</strong></strong></a>, while NVI signals a more <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bull-market/">bullish sentiment</strong></a>.</p>\n<p>The trend reversals are established by analyzing the 255-period moving average. If the NVI is above the moving average, it points towards a bull market and sends out a buy signal. On the other hand, if the NVI falls below the moving average, it signals a bearish market and suggests a sell signal.&nbsp;</p>\n<p>While the default value for the moving average of an NVI indicated is set to 255, traders can adjust it according to their requirements when making trade decisions.</p>\n<h2>Negative Volume Index (NVI) Formula</h2>\n<p>The <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-negative-volume-index-nvi/">Negative Volume Index</strong></a> is calculated by comparing the trade volume of one day with the volume of the previous day. An NVI will only indicate a change if the volume has decreased within the time frame of the two days. If the volume of one day exceeds the volume of the previous day, the NVI will not show a significant change.</p>\n<p>The <strong>higher value of an NVI</strong> shows a low trading volume and an increase in the asset price. If the value of an NVI is lower, it points towards a price decrease due to the low amount of investors trading the asset.</p>\n<p>The <strong>Negative Volume Index (NVI) formula</strong> is:</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Negative Volume Index (NVI) formula\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/Negative-Volume-Index-Formula.o.jpg/" alt=\"Negative Volume Index (NVI) formula\" width=\"880\" height=\"300\" /></p>\n<p>Here, PNVI = Previous NVI; TCP = Today&rsquo;s closing price; YCP = Yesterday&rsquo;s closing price.</p>\n<p>It is recommended to use the Negative Volume Index alongside other technical indicators, such as the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-aroon-indicator/">Aroon indicator</strong></a>, the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-klinger-oscillator/">Klinger oscillator</strong></strong></a>, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fundamental-analysis/">Moving Average Convergence Divergence (MACD)</strong></a>, and the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-relative-strength-index-rsi/">Relative Strength Index (RSI)</strong></a>. 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":562,"original_id":null,"author_id":41,"translator_id":null,"title":"What is No-Coiner?","slug":"what-is-no-coiner","section":"N","keyword":"No-Coiner","status":"published","definition":"a person without cryptocurrency in their portfolio who believes that cryptocurrency is set to fail.","content":"<p>A <strong>no-coiner</strong> is a <strong>person who believes that <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies have little to no value</strong> and are guaranteed to fail. No-coiners do not hold any digital assets in their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-portfolio/">portfolios. However, a lack of crypto assets in a portfolio is not a clear indication that a person is a no-coiner, as the label relates to the negative beliefs they hold towards cryptocurrencies.</p>\n<p>In some cases, a no-coiner attitude comes from a failure to invest in the early days of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a>. Therefore, the person may hold resentment towards investors who succeeded and gained significant profits from their crypto investments.</p>\n<p>Some of the sentiments often shared by no-coiners are that cryptocurrency is a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-scam/">scam, a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-money-laundering/">money-laundering scheme</strong></a>, or a <strong>market bubble</strong> that will explode in a similar manner as the housing bubble in 2008, which led to the global financial crisis.</p>\n<p>No-coiner attitude often goes beyond skepticism as they are strongly convinced that cryptocurrencies cannot succeed and will crash and burn in the foreseeable future. Although there is proof of crypto utility, <strong>no-coiners believe it can be used solely for illicit activities</strong>, like theft and money laundering.</p>\n<p>Some describe the attitude of no-coiners using the philosophical term <em>ressentiment</em>, or the act of blaming personal failures on external factors. The ardent anti-cryptocurrency stance of no-coiners is comparable to the strong pro-cryptocurrency beliefs of crypto evangelists.</p>","level":"easy","meta_title":"What is No-Coiner? Definition & Meaning | Crypto Wiki","meta_description":"No-Coiner meaning: No-Coiner - a person without cryptocurrency in their portfolio who believes that cryptocurrency is set to fail.","meta_keywords":null,"language":"en","created_at":"2022-03-24T07:05:26.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-no-coiner"},"prevSection":{"id":557,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Nonce?","slug":"what-is-nonce","section":"N","keyword":"Nonce","status":"published","definition":"a method of securing communication on platforms that utilize smart contracts.","content":"<p>A nonce, <strong>also known as a number only used once</strong>, is a cryptographic method of sequencing and segregating transactions on blockchain platforms that utilize <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</a></strong> such as <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum.

/n

Additionally, a nonce can be referred to as a unique number whose main purpose is to secure communication.</p>\n<p>Since more than one cryptocurrency transaction can be sent via Ethereum, <strong>a nonce allows it to determine which cryptocurrency transaction should be given priority processing</strong>. If nonces were disabled, the platform could experience some issues in account balance transfers due to conflicting transactions.</p>\n<p>The mainnet of Ethereum ensures that transactions with lower nonce values are processed before transactions with higher nonce values.</p>\n<p>Let&rsquo;s have a look at an example to understand this better. For instance, one broadcasted transaction holds a value of 3, another broadcasted transaction holds a value of 4. In this case, the transaction with the value of 3 will be processed first.</p>\n<p>The main drawback that comes with nonces is that <strong>it can make an entire sequence of transactions static</strong>. This means that if an issue occurs with a transaction of a lower value nonce then every other transaction behind it is stuck.</p>\n<p>Some smart contract platforms utilize nonces for other uses as well. For example, <strong>Ethereum users can also utilize nonces to cancel or speed up a transaction</strong>. In order to cancel a transaction, they could make a new transaction with the same nonce value and send it to their own <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallet. However, there&rsquo;s no guarantee that it won&rsquo;t cancel another transaction that has the same nonce value.</p>\n<p>In order to speed up a transaction, users could make a new transaction with the same nonce value and send it again. Only this time, they should increase the gas price before sending it off.</p>\n<p>&nbsp;</p>","level":"easy","meta_title":"What is Nonce? Definition & Meaning | Crypto Wiki","meta_description":"Nonce meaning: Nonce - a method of securing communication on platforms that utilize smart contracts.","meta_keywords":null,"language":"en","created_at":"2022-03-23T15:34:44.000000Z","updated_at":"2023-04-25T10:41:58.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-nonce"},"currentChapter":"N","currentSection":"what-is-negative-volume-index-nvi","chapterTitle":"N","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-negative-volume-index-nvi","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter N

What is Negative Volume Index (NVI)?

Negative Volume Index (NVI) MEANING:
Negative Volume Index (NVI) - a technical indicator used to show how low-volume time frames impact the price of an asset.
Medium
2 minutes

Let's find out Negative Volume Index (NVI) meaning, definition in crypto, what is Negative Volume Index (NVI), and all other detailed facts.

The Negative Volume Index (NVI) is a technical indicator used to track price movement during periods when the trading volume had decreased from a particular point. NVI was created by Paul Dysart in the 1930s, making it one of the oldest financial indicators.

The general principle of the NVI is that a rising trend can continue even if there is a notable decline in trading volume. Uninformative traders take the blame for the exorbitant trading volumes, while informed traders play a role during low trading volume days.

NVI is used to indicate what the general mindset of smart money is. Investments made by large-scale investors that are associated with significant asset price movements in the financial markets are referred to as smart money.

Professional traders are more likely to trade while smart money is not active. This reduces the level of volatility, and maintains a low asset volume. Such trading conditions allow for opportunities to accumulate assets.

Positive Volume Index (PVI)

Traders can use the Positive Volume Index (PVI) alongside NVI to measure the increase in volume at specific periods of time. The increase of PVI tends to indicate a bearish market, while NVI signals a more bullish sentiment.

The trend reversals are established by analyzing the 255-period moving average. If the NVI is above the moving average, it points towards a bull market and sends out a buy signal. On the other hand, if the NVI falls below the moving average, it signals a bearish market and suggests a sell signal. 

While the default value for the moving average of an NVI indicated is set to 255, traders can adjust it according to their requirements when making trade decisions.

Negative Volume Index (NVI) Formula

The Negative Volume Index is calculated by comparing the trade volume of one day with the volume of the previous day. An NVI will only indicate a change if the volume has decreased within the time frame of the two days. If the volume of one day exceeds the volume of the previous day, the NVI will not show a significant change.

The higher value of an NVI shows a low trading volume and an increase in the asset price. If the value of an NVI is lower, it points towards a price decrease due to the low amount of investors trading the asset.

The Negative Volume Index (NVI) formula is:

Negative Volume Index (NVI) formula

Here, PNVI = Previous NVI; TCP = Today’s closing price; YCP = Yesterday’s closing price.

It is recommended to use the Negative Volume Index alongside other technical indicators, such as the Aroon indicator, the Klinger oscillator, Moving Average Convergence Divergence (MACD), and the Relative Strength Index (RSI). Using several indicators helps make more accurate and well-informed trading decisions.
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