Price Volume Trend: a running total of volume times the percent change in close, with an optional signal line.
Overview
Price Volume Trend (PVT) is a running volume line in its own pane, like OBV but scaled by how much price moved.
It is green while rising and red while falling. An optional signal line (21 bars, SMA by default) can be shown.
How it works
PVT = previous PVT + volume x (close - previous close) / previous close.
Large moves add more volume than small ones, unlike OBV which adds full volume on any up close.
How to use it
- Some traders look for divergence between PVT and price.
- Use the signal line to see when PVT turns.
- Compare it with OBV to see the effect of move size.
- Use a rising PVT in a range as a sign of accumulation.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Settings | |
| Signal LineDisplay a moving average of PVT acting as a signal line. | Off |
| Signal TypeMoving average type used for the signal line.Options: SMA, EMA | SMA |
| Signal LengthNumber of bars used to compute the signal line. | 21 |
| Style | |
| PVT ColorColor of the PVT line while it is flat. | #787b86 |
| RisingColor of the PVT line while it rises bar to bar. | #089981 |
| FallingColor of the PVT line while it falls bar to bar. | #f23645 |
| Signal ColorColor of the signal line. | #ff9800 |
Alerts
You can alert on its line crossing a value or the candle close (from the chart's + menu); checked while ZoroCharts is open.
Notes and limits
- It needs volume data; on symbols without volume it shows nothing useful.
- Its starting level has no meaning; read its slope.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.