are there any other indicators that can be used instead of adtv 
there are several other indicators and metrics that traders use alongside or instead of adtv some alternatives are on balance volume obv volume weighted average price vwap money flow index mfi relative volume volume price trend vpt advance decline line a d line and tick volume the bottom lineaverage daily trading volume adtv is a metric used in trading to assess the liquidity and activity level of a security such as a stock bond or commodity it represents the average number of shares or contracts traded over a specific period typically measured on a daily basis adtv is calculated by dividing the total trading volume of the security over a specific period by the number of trading days in that period traders and investors alike use adtv in various ways they use adtv to assess liquidity evaluate market activity analyze volatility optimize trade execution and manage risk to use adtv effectively individuals and entities should consider its limitations adtv is historical and may not reflect current market conditions it may not capture intraday volume variations or account for price movements it s essential to combine adtv with other indicators and information to make well informed trading decisions 