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Miha Kralj
2026-02-27 07:48:12 -08:00
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# TVI: Trade Volume Index
| Property | Value |
| ---------------- | -------------------------------- |
| **Category** | Volume |
| **Inputs** | OHLCV bar (TBar) |
| **Parameters** | `minTick` (default 0.125) |
| **Outputs** | Single series (Tvi) |
| **Output range** | Unbounded |
| **Warmup** | `> 2` bars |
### TL;DR
- Trade Volume Index refines the relationship between price and volume by introducing a threshold filter.
- Parameterized by `mintick` (default 0.125).
- Output range: Unbounded.
- Requires `> 2` bars of warmup before first valid output (IsHot = true).
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
> "The direction of money flow matters more than the magnitude of price change." — William Blau
Trade Volume Index refines the relationship between price and volume by introducing a threshold filter. Unlike OBV which responds to any price change, TVI only changes direction when price movement exceeds a minimum tick threshold. This "sticky direction" behavior filters out noise from insignificant price fluctuations, allowing the indicator to better capture genuine accumulation and distribution.
@@ -215,4 +232,4 @@ The minTick should generally match or exceed the instrument's minimum price incr
- Blau, W. (1995). *Momentum, Direction, and Divergence*. Wiley.
- Blau, W. (1993). "The Trade Volume Index." *Technical Analysis of Stocks & Commodities*.
- Achelis, S. (2001). *Technical Analysis from A to Z*. McGraw-Hill.
- TradingView. "PineScript TVI Implementation." Community Scripts.
- TradingView. "PineScript TVI Implementation." Community Scripts.