Price Volume Trend BB
Hey guys,
Ive been thinking about Price Volume Trend for a while and tried adding different moving averages to it, but seems its not as binary.
Therefore adding the bollinger bands as a no-trade-zone made it alot better. Indicator is pretty basic at the moment since I just implemented the idea but im planning to do some add-ons later on to make it easier to read.
Will keep you updated!
Ive been thinking about Price Volume Trend for a while and tried adding different moving averages to it, but seems its not as binary.
Therefore adding the bollinger bands as a no-trade-zone made it alot better. Indicator is pretty basic at the moment since I just implemented the idea but im planning to do some add-ons later on to make it easier to read.
Will keep you updated!
Versionshinweise:
Made a few changes to make Buy/sell areas easier to read.
Versionshinweise:
Made the no trade zone more visible
Versionshinweise:
The updated script includes a normalize function to help scale the data and make it easier to read on the chart.
It also includes an option to adjust the smoothing of the price volume trend (PVT) for more customization.
Finally, the background color changes based on the trend, with blue indicating a bullish trend and red indicating a bearish trend.
It also includes an option to adjust the smoothing of the price volume trend (PVT) for more customization.
Finally, the background color changes based on the trend, with blue indicating a bullish trend and red indicating a bearish trend.