Price Volume Trend (PVT)

Price Volume Trend indicator is made to determine a trade hint or serve as an additional confirmation signal which relies on being able to identify the trend to be beneficial. PVT may also identify potential trend reversals. Divergences should always be noted as a possible reverse in the flowing trend. Price Volume Trend is very similar to the On Balance Volume (OBV) indicator, nevertheless PVT considered to be more accurate representation of market conditions because the volume is price adjusted.