Price Volume Trend (PVT)

Category: volume

Price Volume Trend (PVT) is a cumulative volume-based indicator that adds or subtracts a portion of daily volume based on the percentage change in price relative to the previous day.

Formula

PVT_t = PVT_{t-1} + V_t \cdot \left( \frac{P_t - P_{t-1}}{P_{t-1}} \right) \text{ where } V \text{ is volume and } P \text{ is price.}

Inputs

• signal_length (default: 14)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.