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Price Volume Trend is similar to On Balance Volume, except thatas the volume is accumulated,it is weighted according to the percent price change from the previous close. I use fast and slow "stochastic" lines to judge when either accumulation or distribution is taking place. I used a look back period of 19 days which fits my style. Signals aregenerated by the fast crossing above or below the slow lines. I have not worked with it enough to say whether or not divergencesoffer signals too. Formulas for the StochPVT are shown below: StochPVT - Fast line Mov((PVT()-LLV(PVT(),19)) / (HHV(PVT(),19)-LLV(PVT(),19)), 5, S) StochPVT - Slow Line Mov(Mov((PVT()-LLV(PVT(),19)) / (HHV(PVT(),19)-LLV(PVT(),19)), 5, S),3,S) Code:
all formulas for MetaStock all formulas
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