Indicators
  Absolute Price
  Accum / Dist
  ADX
  Average True Range
  Bollinger Bands
  Chaikin Money Flow
  Chaikin Oscillator
  Detrended Price
  Exp Moving Ave.
  MACD
  Mass Index
  Momentum
  Money Flow
  Simple Moving Average
  Negative Volume
  On Balance Vol
  Percentage Price
  Percentage Volume
  Positive Volume
  Price Volume Trend
  Range Envelope
  Rate of Change
  RSI
  Stochastic
  Stochastic RSI
  Volume ROC
  Volume ROC %
  Williams % R
General
Basic Tools
Price Tools
Time Tools
Squares
Angles/Zero Lines
Stop Loss Tools
Price/Volume Trend
The Price/Volume Trend Index ( PVT ) is a similar to On Balance Volume in that it is a cumulative momentum style indicator which which ties together Volume with price action. However the key difference is that the amount of Volume added to the total is dependent upon the relationship of Today's close to Yesterdays close

[((Today's Close - Yesterdays Close) / Yesterdays Close) x Volume] + Yesterdays PVT



click for a larger image
The PVT can be considered to be more accurate than the OBV index in that the amount of volume apportioned each day is directly proportional to the underlying price action. So then, Large Moves account for large moves in the Index and small moves will account for small moves in the Index. This way the PVT can be seen to almost mirror the underlying market action, however as shown above, divergence can occur, and it is this divergence that is an indicator of possible future price action.


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