Price Volume Trend with Signal

This advanced technical indicator refines traditional volume analysis by combining price movement percentages with volume to create a powerful trend identification tool. The SPVT builds on Joseph Granville's pioneering work in volume analysis with an enhanced signal line overlay for precise entry and exit timing.

Key Features:

Cumulative Volume-Weighted Calculation: More responsive than traditional On-Balance Volume by incorporating percentage price changes
Signal Line Integration: EMA-based signal line generates clear crossover signals for potential entries and exits
Divergence Detection: Easily identify when price and volume trends diverge, signaling potential reversals
Cross-Timeframe Compatibility: Works seamlessly across all chart timeframes with proper gap handling
Clean Visual Presentation: Distinctive color-coding for immediate trend interpretation

Trading Applications:

Confirm price trends with volume validation
Identify potential reversals through divergence analysis
Use signal line crossovers for objective entry and exit signals
Monitor accumulation and distribution patterns
Detect potential false breakouts through volume confirmation

This professional-grade indicator is essential for technical traders who understand that volume provides crucial confirmation for price movements. By measuring the balance between buying and selling pressure through volume-weighted price changes, SPVT offers insights into market sentiment that price action alone cannot reveal.

Perfect for equities, futures, forex, and cryptocurrency analysis across all timeframes.