Price Volume Trend Indicator for MetaTrader 4 - Download | Forex Indicator Download - MT4/MT5 Resource

The Price Volume Trend (PVT) indicator is one of the technical analysis tools that combines price and volume to assess market trend strength and confirmation.

In this indicator, trading volume is calculated based on the adjusted percentage change relative to the current day's price, plus or minus the previous PVT value .

Thus, when prices rise and trading volume is high, the indicator increases significantly; when prices fall , it decreases accordingly.

Price and volume trend specification table

General specifications of price and volume trend indicators are shown in the following table:

Indicator Overview

One of the most important uses of the Price Volume Trend indicator is identifying divergences and convergences between price charts and oscillators.

When the price forms a new high or low but the indicator does not follow the trend, this mismatch can serve as a warning that a trend reversal may occur .

Uptrend Conditions

The image below shows the price chart of Ripple on the 4-hour time frame.

When price starts to form higher highs , and the price volume trend indicator follows the same direction and makes new highs, this arrangement signals convergence between price and the indicator .

downtrend conditions

The price chart below shows the EUR/JPY currency pair on a 5-minute time frame.

When an asset's price forms new highs after a bullish movement , but the indicator fails to record higher highs and a decline in trading volume is also observed, this setup is a sign of negative divergence and weakening trend strength.

Price volume trend indicator settings

The setting panel of the volume and price trend indicator is as shown below:

• Type of price : Defines the price point used for calculation

Conclusion

The Price Volume Trend Indicator , by combining price change percentage and trading volume , serves as a powerful tool for identifying direction and strength of market trends.

Among its settings, there is a feature called “ Type of Price ” that allows traders to choose their preferred price type, such as Close , Open , High , or Low , making it adaptable to various trading strategies .