Price Volume Trend weights volume by the percentage change in price. Unlike OBV which uses all volume, PVT uses proportional volume, making it more sensitive to price magnitude.
Visual Encoding
X-Axis: Time (candle intervals)
Y-Axis: PVT value (auto-scaled)
Line: Cumulative PVT
Interpretation
Rising PVT = volume-weighted buying pressure
Falling PVT = volume-weighted selling pressure
PVT divergence from price = potential reversal
Data refreshes periodically — not real-time
Trading Signals
PVT trending with price = healthy trend
PVT diverging from new price highs/lows = momentum fading
Watch slope changes rather than the absolute level (cumulative series)