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X_STUDY®

Price Volume Trend (PVT)

Description

The Price Volume Trend (PVT) study attempts to quantify the amount of volume flowing into or out of an instrument by identifying the close of the period in relation to the previous period’s close. The volume for the period is then allocated accordingly to a running continuous total.

Formula

Volume (Tick) = cumulative transactions over specified interval

Volume (Actual) = cumulative number of contracts traded over specified interval

Example