Positive Volume Oscillator (PVO) indicator download for MetaTrader 5 | Forex indicator download - MT4/MT5 resources

Indicator for MetaTrader 5 , the Positive Volume Oscillator (PVO) analyzes trading volume to predict price trends.

This tool uses two exponential moving averages (EMAs) with periods of 10 and 2 to identify fluctuations within a specific range.

Indicator specification table

The table below summarizes the main specifications of this indicator.

Indicator Overview

The indicator's signal is based on the intersection of two exponential moving averages (EMA):

• When the fast EMA crosses the slow EMA from below to above , it is considered a starting sign uptrend
• Conversely, if the fast EMA crosses the slow EMA from top to bottom , it indicates the beginning of a downtrend

These intersections are the primary tool for identifying changes in market direction.

Indicators are in an upward trend

The chart below belongs to the 4-hour timeframe of the AUD/CHF currency pair . The fast EMA crosses the slow EMA when the price enters an uptrend .

Traders establish buy positions at these points and exit the trade when the line reverses downward.

Indicators are in a downward trend

In the current market trend of the USD/CAD currency pair, the fast EMA crosses the slow EMA downwards and the price enters a downtrend.

Traders open sell positions in these areas using trading tools such as the PAFX Secret Indicator .

Positive volume oscillator setting

The indicator's settings are shown in full in the image below:

• Positive volume smoothing period: represents slow EMA period
• EMA comparison period: represents the fast EMA period
• Theme: The background theme of the indicator

Conclusion

Traders can use the Positive Volume Oscillator (PVO) to identify the market’s liquidity flow and plan their trading strategies more accurately.

By comparing moving volume averages over different time frames, this indicator signals potential changes in market trends .