PVT - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Price Volume Trend (PVT) is an indicator of price trend and volume, similar to the standard On Balance Volume (OBV) indicator.
The volume added to the current value is determined by how much the price moved up or down relative to the previous day's closing price.
This indicator has no configurable parameters.
Calculation formula:
The interpretation of indicator values is similar to standard balance quantities and accumulation/distribution (AD).
Attachment download
📎 pvt.mq5 (5.58 KB)
Source: MQL5 #20270
PVT - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
PVT - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •