PVO - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The PVO indicator (Percent Volume Oscillator) represents volume momentum. It calculates the large MA percentage difference between two moving averages based on trading volume.

It has ten configurable parameters:

 Signal = MA(PVO, signal period, signal method)
Histogram = PVO - Signal

The calculation method is absolutely :

 PVO = short MA - long MA

The calculation method is relative :

 PVO = (FastMA - SlowMA) / SlowMA

Where:

 FastMA = MA (volume, fast MA period, fast MA method)
SlowMA = MA (volume, slow MA period, slow MA method)

Volume - tick volume

Attachment download

📎 pvo.mq5 (16.61 KB)

Source: MQL5 #21165