← Back to all indicators
Volume
Price-Volume Trend
PVTSimilar to OBV but weights each bar’s volume by the percentage price change rather than just its direction. A bar with a 3% move contributes three times as much as a bar with a 1% move, making PVT more sensitive to the size of price changes.
Tips
PVT diverging from price (PVT making lower highs while price makes higher highs) is a stronger warning than OBV divergence because magnitude matters
Use PVT as a trend confirmation tool: a rising PVT trendline during a price uptrend confirms the move; a break of the PVT trendline warns of reversal