Price Volume Trend
Volume, PVT
- What it shows
A running total of volume weighted by the percent change of price.
- How it is built
Each bar adds its volume multiplied by the percent change of the close from the previous bar.
Default: No inputs.
- How traders read it
- Rising PVT shows volume behind up moves.
- Like OBV, direction and divergences matter more than the level.
- Big moves count more than small ones.