Price Volume Trend Crosses

23 сент. 2023 г.

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.

• 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!