Price volume trend indicator (PVT) helps you to identify price direction and the strength of the price change for trend, intraday, and long-term trading. In so doing, it helps show the balance between the supply and demand of an asset.
Category: MT4 Indicators
Platform: Metatrader 4
Download link: At the end of the post.
The lime line crosses over the red line and the red line is moving upwards, it indicates that there is a bullish trend and the strength of the bullish trend is strong. You can wait for the confirmation of the candlestick pattern to enter the order.
The lime line crosses below the red line and the red line is moving downwards, it indicates that there is a bearish trend and the strength of the bearish trend is strong.
Lime: Signal line
Red: Trend line
Download Price volume trend indicator MT4 (PVT)
How To Install Custom MT4 Indicators On Mt4 (6 Simple Steps)
Step 1: Download The Indicator To Your Computer. Unzip (if any) to get .mq4 and/or .ex4 file
Step 2: Go To Your Mt4 Trading Platform And Click “Open Data Folder”
Step 3: Click open the “MQL4” folder
Step 4: Click Open the “Indicators” Folder
Step 5: Paste The Custom MT4 Indicator Into The “Indicators” Folder
Step 6: Close Your MT4 Trading Platform And Then Restart It