Extra indicators
PVT: Price Volume Trend
A running total of volume, added or subtracted in proportion to each candle's percentage change.
La idea en pocas palabras
Like On Balance Volume, PVT asks whether volume flows into rises or falls, but it weighs each candle's volume by how far the price actually moved.
Cómo se calcula
Each candle adds volume × (close − previous close) ÷ previous close to the running total.
PVT = PVT₋₁ + volume × (close − close₋₁) ÷ close₋₁Cómo usarlo
- Rising PVT confirms an uptrend; falling PVT confirms a downtrend.
- Divergences warn that a trend lacks support.
Sacar conclusiones
- The absolute level means nothing; the direction and divergences do.
Ejemplo
MSFT daily: the price makes a new high but PVT does not; the rally has less volume behind it than the last one.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- Tick volume on CFDs approximates real volume.
Un poco de historia
A long-standing volume indicator, a refinement of Joseph Granville's On Balance Volume (1963).
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.