Price Volume Trend BB

14 oct 2019

Hey guys,
Ive been thinking about Price Volume Trend for a while and tried adding different moving averages to it, but seems its not as binary.
Therefore adding the bollinger bands as a no-trade-zone made it alot better. Indicator is pretty basic at the moment since I just implemented the idea but im planning to do some add-ons later on to make it easier to read.
Will keep you updated!

14 oct 2019

Notas de prensa

Made a few changes to make Buy/sell areas easier to read.

17 oct 2019

Notas de prensa

Made the no trade zone more visible

31 mar 2023

Notas de prensa

The updated script includes a normalize function to help scale the data and make it easier to read on the chart.
It also includes an option to adjust the smoothing of the price volume trend (PVT) for more customization.
Finally, the background color changes based on the trend, with blue indicating a bullish trend and red indicating a bearish trend.