OPEN-SOURCE SCRIPT
Price Volume Trend Crosses
This script is a modified version of the Price Volume Trend (PVT) that uses a moving average of the PVT as a signal (sig) line.
Logic behind this script:
PVTC should not be used on its own but in conjunction with other indicators!
- The length of the signal line can be adjusted as needed by changing the "PVTC Signal Length" value inside the indicator settings menu.
- "PVTC Signal Type" allows you to pick between EMA and SMA as the signal line.
Logic behind this script:
- If PVT > sig it indicates an bullish environment and gets coloured with the UP color.
- If PVT < sig it indicates a bearish environment and get coloured with the DOWN color.
- Colors can be modified in the indicator settings menu.
- Crosses can be highlighted by ticking the "Highlight Crosses" box in the indicator settings menu.
- "Fill Gaps" fills the gap between PVT and sig with the prevailing trends color.
PVTC should not be used on its own but in conjunction with other indicators!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.