Mpvt

[pbereau]

Here's another indicator like the PVT (Price Volume Trend)

But in this one the formula changes with:

MPVTi = exp [MPVT(i-1) + Vi * ((Pi - P(i-1))/ P(i-1) ]

This version use an exponential version of the PVT

V = Volume
P = Price i.e. The Close or Median Price (H+L)/2 (at choice)

Thanks in advance for your help !

[pbereau]

MPVT is for Median Price Volume Trend

MPVTi is the value of MPVT at t=i (t for time)
MPVT(i-1) is the value of MPVT at t=(i-1)

Vi is volume at t=i

P is for Price (Close or Median Price)