Dollar Normalized Volume (DNV)

Description

The Dollar Normalized Volume (DNV) indicator is a trading tool that quantifies transaction volume in dollar terms, rather than simply counting the number of shares or contracts traded. By considering the actual monetary value exchanged, the DNV provides a clearer insight into the flow of money in and out of a security.

How It Works

The DMV indicator is calculated by multiplying the average price of the security by the volume traded. The indicator helps traders identify significant changes in trading activity by showing the volume in dollar terms.

Formula

Chart Settings

* For common indicator properties please see Common Indicator Settings

Watchlist Settings

* For common indicator properties please see Common Indicator Settings

Chart View