Price Volume Trend MTF TT Trade Indicator
Price Volume Trend MTF TT Trade Indicator - is a modification of the indicator trend PVT prices, which is based on momentum, used to measure cash flow.
The PVT indicator is similar to another technical analysis tool: On Balance Volume (OBV) - it is also an accumulation of volume.
While OBV adds or subtracts total daily volume depending on whether it was a rising or falling day, PVT only adds or subtracts a portion of the daily volume. The amount of volume added or subtracted to/from the PVT total depends on the amount of the current day's rise or fall compared to the previous day's close.
Price Volume Trend MTF TT Trade Indicatorcan primarily be used to confirm trends, as well as to identify possible trading signals by divergences.
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