Price Volume Trend Indicator
Forex BUY and SELL signals from the best Price Volume Trend Indicator. Find out the overbought and oversold levels.
Description
The Price Volume Trend Indicator is an MT4 indicator belonging to the oscillator family. Like the RSI or Stochastic, it oscillates between certain levels. The indicator calculates the price based on volume. It plots a single line and oscillates between the positive and negative levels.
When the indicator is close to the negative level, it’s in the overbought zone. On the other hand, when the indicator is close to the positive level, it mentions the oversold zone. The Indicator works best on longer timeframes, as it can be prone to false signals on shorter timeframes.
Price Volume Trend Indicator BUY/SELL signals
The above GBP/USD H4 chart shows the BUY and SELL signals for the Indicator. To determine the BUY and SELL signals, traders need to look at the overbought and oversold levels. The indicator illustrates an overbought zone when the PVTA signal line is close to the positive. Here, traders can enter short positions or exit long ones.
Conversely, when the PVTA signal line is close to the positive level, the indicator mentions an oversold zone, and traders can enter long positions. Traders can also apply the Indicator with other indicators like the Moving Average or other oscillators like the RSI or MACD for further signal confirmation.
Conclusion
The Price Volume Trend Indicator works like any other oscillator and illustrates the overbought and oversold levels, mentioning BUY and SELL signals. In addition, you can download the Price Volume Trend Indicator for free from our website.