Price Volume Trend Formula
The price volume trend formula calculates a cumulative volume total using relative changes of the close price. A bullish divergence between the price volume trend indicator and the price indicates that the market is at the bottom. A bearish divergence between the price volume trend indicator and the price indicates that the market is at the top.
Formula Details
Syntax
Chart.DataManipulator.FinancialFormula(
FinancialFormula.PriceVolumeTrend,
"Close,Volume",
"PVT")
Input Values
This formula takes two input Y values.
Close
Daily close price.Volume
Daily volume.
Output Value
This formula outputs one Y value.
- PVT
Price volume trend indicator.
Remarks
The Line chart type is a convenient chart type to display the formula output.
Example
The following example takes input from Series1's Y value for daily close prices (Series1:Y4) and Series2's Y value for the daily volume (Series2:Y), and then outputs the price volume trend indicator on Series3 (Series3:Y).
Chart1.DataManipulator.FinancialFormula (FinancialFormula.PriceVolumeTrend, "Series1:Y4,Series2:Y", "Series3:Y")
Chart1.DataManipulator.FinancialFormula (FinancialFormula.PriceVolumeTrend, "Series1:Y4,Series2:Y", "Series3:Y");
See Also
Reference
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting