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Volume

Net Volume

NVOL

Assigns each bar’s volume a sign based on whether price closed up (+) or down (−). The result is a signed volume bar chart that makes it easy to see whether buyers or sellers dominated on a given session.

Tips

A cluster of large positive net-volume bars followed by smaller negative bars during consolidation suggests accumulation before a breakout
Net Volume is best used as context—confirm signals from other indicators by checking whether net volume agrees with the directional bias