PVTReturn value of the Price Volume Trend indicator also knows as PVT, for a selected price.
Syntax:
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1 |
PVT(price) |
Calculation :
%var = (close – yesterday’s close) / (yesterday’s close)
PVT = %var * today’s volume + yesterday’s PVT
Interpretation :
The PVT gives good divergence signals.
A sell signal is given when a bearish divergence appears. A bearish divergence occurs when the stock price makes new highs while the PVT fails to make new highs.
A buy signal is given when a bullish divergence appears. A bullish divergence occurs when the stock price makes new lows while the PVT fails to make new lows.
