OPEN-SOURCE SCRIPT
PVT + Volume Momentum Signal System
How the indicator works:
PVT (Price Volume Trend) is calculated based on price change and volume, but scaled to the price level so it follows the price action on the chart instead of jumping around when you scroll.
Three EMA lines (10, 20, 50) are plotted on the PVT line to identify trend direction.
Volume Momentum measures the rate of change in volume over time and has a 20 EMA as its signal level.
Signals:
Buy signal (green triangle) only appears when both PVT crosses above EMA20 AND Volume Momentum crosses above its EMA20 – simultaneously.
Sell signal (red triangle) appears when both cross below their EMA20s.
Background color shows the trend: green when both are above their EMA20s (bullish), red when both are below (bearish).
This provides dual confirmation – you only get signals when both the price/volume trend (PVT) and volume momentum point in the same direction, filtering out false signals.
PVT (Price Volume Trend) is calculated based on price change and volume, but scaled to the price level so it follows the price action on the chart instead of jumping around when you scroll.
Three EMA lines (10, 20, 50) are plotted on the PVT line to identify trend direction.
Volume Momentum measures the rate of change in volume over time and has a 20 EMA as its signal level.
Signals:
Buy signal (green triangle) only appears when both PVT crosses above EMA20 AND Volume Momentum crosses above its EMA20 – simultaneously.
Sell signal (red triangle) appears when both cross below their EMA20s.
Background color shows the trend: green when both are above their EMA20s (bullish), red when both are below (bearish).
This provides dual confirmation – you only get signals when both the price/volume trend (PVT) and volume momentum point in the same direction, filtering out false signals.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。