Price Volume Trend Oscillator PVT

Price Volume Trend (PVT) Oscillator

Description: The PVT Oscillator is a volume indicator that serves as an alternative to the standard On-Balance Volume (OBV). While ordinary volume indicators can be noisy and hard to read, this tool converts volume flow into a clear Histogram Oscillator, similar to a MACD, but for Volume.

It is designed to detect first Trend Reversals and Divergences by analyzing the difference between a Fast and Slow PVT moving average.

Why is this better than standard OBV?

• Smart Filtering: Unlike OBV which adds all volume blindly, the PVT only adds volume proportional to the price change. This filters out fake moves.

• Visual Signals: The histogram changes color automatically. Green means Bullish Volume, and Red means Bearish Volume.

• Adaptive Scaling: Includes a built-in Normalization algorithm that keeps the bars readable and prevents them from spiraling out of control.

Key Features

• 4 Smoothing Algorithms: Choose your preferred calculation method:

  • SMA (Simple)

  • EMA (Exponential - Recommended)

  • VWMA (Volume Weighted)

  • WMA (Weighted)

• Zero-Line Cross Detection: shows when market momentum shifts from Sellers to Buyers.

• Dual-Period Logic: Uses a Fast/Slow period comparison to identify momentum shifts early.

• Real Volume Ready: Works with both Tick Volume (Forex) and Real Volume (Stocks/Futures).

How to Trade

• Trend Confirmation: If Price is rising and the Histogram is Green and rising, the trend is healthy.

• Reversal Signal (Divergence): If Price makes a New High, but the Oscillator makes a Lower High, this is a classic Bearish Divergence signal.

• The Zero Cross: A cross from Red to Green indicates a shift to Bullish momentum.

Input Parameters

• InpShortPeriod / InpLongPeriod: Sets the sensitivity of the oscillator (Default: 5/10).

• InpMaType: The smoothing formula (EMA, SMA, VWMA, WMA).

• InpNormalize: (True/False) Enables the smart scaling to keep the chart clean.

• InpVolumeType: Choose between Tick Volume or Real Volume.

This is a free tool. If you find it helpful, please leave a review!

The information and signals provided by this indicator are for educational and analytical purposes only and do not constitute financial advice. Trading financial markets (Forex, Stocks, Futures) involves a high level of risk and may not be suitable for all investors.

• No Guarantees: Past performance of this tool is not indicative of future results. Market conditions can change rapidly.

• Not a Financial Advisor: I am a software developer, not a registered investment advisor. This tool is designed to assist your analysis, not to make trading decisions for you.

• User Responsibility: You are solely responsible for your trading decisions and risk management. Never trade with money you cannot afford to lose.