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Price Volume Trend

The Price Volume Trend (PVT) Indicator is a useful and popular tool for Forex traders, designed to measure the cumulative flow of money into and out of a security. It is available free of charge on the MetaTrader 4 (MT4) platform. The indicator is calculated by taking the difference between the current closing price and the previous closing price, multiplying it by the volume for the period, and then adding the result to the previous PVT value. This cumulative flow of money is then plotted on the chart as a line. By monitoring the PVT, traders can gain valuable insight into the underlying momentum of the market, helping them make better decisions regarding their trading strategies.

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Description

The Price Volume Trend (PVT) Indicator has emerged as a valuable and widely-used free tool for traders on the MetaTrader 4 (MT4) platform. This indicator provides traders with a unique perspective on market dynamics by combining the power of price and volume analysis.

Features of the Price Volume Trend Indicator

The PVT Indicator is based on the cumulative volume flow, which is calculated by adding the volume of each period to the total volume of the previous period. This value is then divided by the total volume of the previous period and multiplied by the closing price of the current period. The result is displayed as a blue oscillating line, providing traders with a visual representation of the buying and selling pressure in the market.

When the PVT line is above the zero line, it suggests that buying pressure is greater than selling pressure, and vice versa. This information can be used to identify potential reversal points in the market, as well as to spot potential breakouts.

How the PVT Indicator Can Benefit You

The Price Volume Trend Indicator offers a wealth of benefits to Forex traders of all experience levels. By combining the analysis of price and volume, this indicator provides a more comprehensive understanding of the market’s dynamics, empowering traders to make more informed buy and sell decisions.

Whether you’re a seasoned trader or a newcomer to the market, the PVT Indicator can be a valuable asset, helping you to navigate the complexities of the Forex market and potentially enhance your trading performance.

Indicator Settings

EXTPVTAAppliedPrice: This setting shows the period of the PVTA signal line.

Conclusion

The Price Volume Trend (PVT) Indicator is a powerful and free tool that can revolutionize the way traders approach the Forex market. By offering a unique perspective on market dynamics through the integration of price and volume analysis, this indicator gives traders the edge they need to capitalize on emerging opportunities. Whether you’re looking to refine your existing trading strategy or explore new avenues for growth, the PVT Indicator is a must-have addition to your trading arsenal. Download the indicator for free and unlock the full potential of the Forex market.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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