Indicator - PVT - Price Volume Trend
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Definition PVT - Price Volume Trend
%var = (close-yesterday's close)/(yesterday's close)
PVT = %var * today's volume + yesterday's PVT
Interpretation PVT - Price Volume Trend
The PVT gives good divergence signals.
A sell signal is given when a bearish divergence appears. A bearish divergence occurs when the stock price makes new highs while the PVT fails to make new highs.
A buy signal is given when a bullish divergence appears.\n A bullish divergence occurs when the stock price makes new lows while the PVT fails to make new lows.
