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PVT - Price Volume Trend (variant of OBV)(MT4) 5 *
This indicator is a variant of OBV called PVT that is uses only a part of the volume in each bar for calculations, depending on how far price has moved. I find it to be more steady and accurate than OBV for determining overall trend - doesn't whipsaw up and down as much.

Here's some info about it: https://www.mql5.com/en/code/7061

In the screenshot below, PVT is in pink and OBV is in light blue.


Category MetaTrader 4 Indicators 
 
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Details: PVT - Price Volume Trend (variant of OBV)(MT4)
Category: MetaTrader 4 Indicators 


December 31st, 2009
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Keywords: metatrader obv volume pvt
Comments/ratings
5 * dnkhoward2 October 22nd, 2014 02:05 PM
No Comment
5 * Target June 5th, 2016 06:31 PM
Thanks for sharing

 
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