Price Volume Trend

[pbereau]

The Price Volume Trend indicator calculates the percent change in price from the previous bar’s close to the close of the current bar. The volume is multiplied by this percentage and added to a running total. The running total is plotted on the chart.


Can you create it please ?

[pbereau]

PVT

Here's the Metastock PVT formula

PVT = (((C-ref(C,-1)) / ref(C,-1)) * V) + I

Where:

C = Close
ref(C,-1) = Yesterday's Close
V = Volume of the day
I = Yesterday's Price Volume Trend


It can be easy to implement it in esignal.

Kind regards

[ACM]

pbereau
The enclosed efs will replicate the metastock code
Alex

function preMain() {
    setPriceStudy(false);
    setStudyTitle("PVT");
    setCursorLabelName("PVT");      
}

var PVT = null;
var PVT_1 = null;

function main() {
    
    if(getBarState()==BARSTATE_NEWBAR){
        PVT_1 = PVT;
    }

    PVT = (((close()-close(-1))/close(-1))*volume())+PVT_1;


    return PVT;
}