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Price Volume Trend
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=66072
Forum: 48 · Topic 66072 · 1 post(s)
Price Volume Trend
Alexander.Gettinger · Wed May 02, 2018 12:23 pm
Price and Volume Trend (“PVT”) is similar to On Balance Volume (“OBV”) The amount of volume added to the PVT is determined by the amount that prices rose or fell relative to the previous day’s close.
Interpretation The interpretation of the Price and Volume Trend is similar to the interpretation of On Balance Volume and the Volume Accumulation/Distribution Line.
Calculation PVT = ((Close-Close(-1))/Close(-1))* Volume + PVT(-1).
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