Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2008.06.16 08:18
Indicators

Price and Volume Trend - PVT - indicator for MetaTrader 4

| English Deutsch Русский 中文 Español 日本語 Português

Views:
20624
Rating:
votes: 4
PVT.mq4 (3.33 KB)view

Indicator Price and Volume Trend (PVT), like On Balance Volume (OBV), represents the cumulative sum of trade volumes calculated considering close price changes.



The calculation algorithm is close to that of the indicator OBV. But in OBV we add the whole daily volume to the current indicator value when close prices are higher, and detract the whole volume when close prices are lower, while in PVT we add or detract just a part of daily volume. The exact part of the volume to be added to PVT is determined by the value of price change relatively to the close price of the previous day.


In OBV, the cumulative total volumes for each period are summed. However, in PVT, the volume is multiplied by the coefficient that depends on the difference between the current close price and the previous one. The picture below shows that the behaviors of both indicators are quite correlated:





Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7061

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

Yen Trader Yen Trader

Expert Advisor to trade Yen Crosses based on Major Pairs and USDJPY divergence/convergence.

Example of MACD Automated Example of MACD Automated

Code example of MACD automated with advanced money management function.