Price Volume Trend Oscillator 外汇EA

The Price Volume Trend Oscillator (PVTO) is a powerful technical analysis tool designed to provide insights into the relationship between price movements and trading volumes. This indicator offers a unique perspective on market trends, helping traders identify potential buying and selling opportunities.

Parameters:

• EMA Short Period: Defines the short EMA period for calculating the PVTO. Default 3
• EMA Long Period: Specifies the long EMA period for PVTO calculation. Default 10
• EMA Signal Period: Sets the EMA period for the signal line. Default 12
• Normalization Look-Back Period: Determines the period for normalizing the PVTO value. Default 25

Mathematical Formulas:
PVT = PVT_prev + (Volume × ((Close – Close_prev) / Close_prev))  Where PVT – Price Volume Trend, PVT_prev – Price Volume Trend of Previous Bar
Raw PVT = EMA(PVT, Short EMA Period) – EMA(PVT, Long EMA Period)
MaxAbs = Maximum Absolute Value of Raw PVT within Normalization Look-Back Period
PVT Oscillator = Raw PVT / MaxAbs
PVT Signal = EMA( PVT Oscillator,  EMA Signal Period)

Usage Tips:

• Use the Custom PVTO in combination with other technical analysis tools for comprehensive market analysis.
• Consider the oscillator’s interaction with the signal line for additional confirmation of trend changes.
• Experiment with different parameter settings to find the configuration that best suits your trading strategy.

Usage Tips in MQL Programming:

Use iCustom with input parameters. Buffer 0 – PVT Oscillator, Buffer 1 –  PVT Oscillator Signal

Risk Warning: Trading involves significant risk and may not be suitable for all investors. Always conduct thorough analysis and use risk management techniques when making trading decisions.

Screenshots: On the screenshots below shows price volume trend oscillator for GBPUSD M15 time frame. It is used find divergence with help other indicator (ZigZag MT4, EMA Period 20).