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PVT - Price Volume Trend (variant of OBV)(MT4)
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://ta.mql4.com/indicators/volumes/price_trend
In the screenshot below, PVT is in pink and OBV is in light blue.
Category
MetaTrader 4 Indicators
Details:
PVT - Price Volume Trend (variant of OBV)(MT4)
Category:
MetaTrader 4 Indicators
December 31st, 2009
Size: 3.33 KB
Downloaded: 423 times
Keywords:
metatrader
obv
volume
pvt
241
GoldStandard
View Download Details
June 5th, 2016 06:31 PM
Target
Thanks for sharing
October 22nd, 2014 02:05 PM
dnkhoward2
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