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)
PVT.lua- (1.91 KiB) Downloaded 1117 times
As described in the April 2010 issue of S & C Magazine.
Modified, Modified Volume Price Trend added.
- MPVT.lua
- (2.77 KiB) Downloaded 860 times
The indicator was revised and updated
