How total volume indicator $TVOLI is calculated?

Discussion in 'Technical Analysis' started by huab1992, Oct 21, 2022.

  1. huab1992

    huab1992

    The value of dow jones industrial average total volume indicator "$TVOLI" is just about 50,000 , while there are millions of shares traded each day in these 30 stocks. How is this indicator calculated and in which unit its value ?
     
    murray t turtle likes this.
  2. %%
    MUST be a real strange time frame/not daily / weekly or monthly???
    But the highest spike maybe ok; same with DIA. Let us know when you find out.......
     
    huab1992 likes this.
  3. themickey

    themickey

    Strangely, I can't find a reference to $TVOLI when doing a google search.

    My guess on formula:
    AVERAGE(Volume sum of all constituents).
     
    huab1992 likes this.