PVT

Price and Volume Trend (PVT) – indicator MetaTrader 5

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Price and Volume Trend indicator
Price and Volume Trend (PVT) indicator, like On Balance Volume (OBV), represents the cumulative sum of trade volumes calculated considering close price changes. The calculation algorithm is close to that of the indicator OBV. But in OBV we add the whole daily volume to the current indicator value when close prices are higher, and detract … Read more

PVT – indicator MetaTrader 5

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PVT - indicator for MetaTrader 5
Price Volume Trend (PVT) is an indicator of price trend and volume, similar to the standard On Balance Volume (OBV) indicator. The amount of the volume to be added to the current value is determined by the volume, by which prices have risen or fallen relative to the previous day’s Close. The indicator has no … Read more