MetaTrader 5 Price Volume Trend Indicator - Download | Forex Indicator Download - MT4/MT5 Resources
The Price Volume Trend (PVT) indicator is a technical analysis tool in MetaTrader 5 that combines price data and trading volume to determine trend direction and strength .
This indicator is calculated as the percentage change in price based on the day's volume adjustment starting from the previous day and then adding or subtracting the last value of the indicator .
Price and volume trend specification table
General specifications Price Volume Trend indicators are shown in the following table:
| Indicator categories: | MT5 Volume Indicator Oscillator MT5 Indicator MT5 Volatility Indicator |
| Platforms: | MetaTrader 5 Indicators |
| Trading Skills: | Intermediate |
| Indicator Types: | Inverse MT5 Indicator |
| Time frame: | Multi Time Frame MT5 Indicators |
| Trading Style: | Intraday MT5 Indicators |
| Trading Tools: | Forex MT5 Indicator Cryptocurrency MT5 Indicator Stock MT5 Indicator Commodity MT5 Indicator Index MT5 Indicator Forward MT5 Indicator Stock MT5 Indicator |
Indicator Overview
The Price Volume Trend indicator detects divergences and convergences between the price chart and the indicator itself.
If the price forms a new high or low but the indicator does not confirm the move, this indicates that the divergence may signal a possible trend reversal .
In addition, in the settings of the price and volume trend indicator, you can select the type of price (closing price, opening price, highest price, lowest price) based on the trading strategy.
Uptrend Conditions
The picture below shows the 5-minute price chart of the Australian dollar against the New Zealand dollar (AUD/NZD) .
When price forms lower lows , but the PVT indicator shows higher lows while volume increases , this positive divergence signals a weakening downtrend and a potential uptrend reversal .
downtrend conditions
The chart below shows the Gold Spot Index (XAU/USD) in the 15 minute time frame .
In this indicator, when price forms lower lows in a downtrend and the indicator moves in the same direction , this alignment indicates convergence , confirming the strength of the downtrend .
Price volume trend indicator settings
The image below shows the settings panel of the Price Volume Trend indicator, which can be customized via the “Price Type” parameter, depending on your trading strategy :
- Type of Price : Define the price type used (closing price, opening price, highest price, lowest price)
Conclusion
The Price-Volume Trend indicator combines price change percentage with volume data and serves as a tool to identify market direction and trend strength .
This indicator is also effective in detecting divergences and convergences between price and volume.
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