This indicator measures directional momentum by evaluating candlestick body proportions and volume over a user-defined lookback window. It computes the ratio of candle body to total range, weights the cumulative value by volume and absolute body size, and dete
Indicator · Pine Script v4 · Own pane
Price Volume Trend
This indicator plots Price Volume Trend in a separate pane and compares it with an optional smoothed signal.
GitHub stars948on the repository
Pine versionv4older, still runs
Lines of code34
Settings6inputs
LicenceGPL-3.0
Last update10 days ago18 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
34 lines of Pine Script v4 from volume/price_volume_trend.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// Copyright (c) 2018-present, Alex Orekhov (everget)
// Price Volume Trend script may be freely distributed under the terms of GPL-3.0 license.
study("Price Volume Trend", shorttitle="PVT", format=format.volume)
showSignal = input(title="Show Signal ?", type=input.bool, defval=true)
signalType = input(title="Signal Smoothing Type", defval="SMA", options=["EMA", "SMA"])
signalLength = input(title="Signal Smoothing Length", type=input.integer, defval=21)
src = input(title="Source", type=input.source, defval=close)
highlightCrossovers = input(title="Highlight Crossovers ?", type=input.bool, defval=false)
applyFilling = input(title="Apply Ribbon Filling ?", type=input.bool, defval=true)
signal = signalType == "EMA" ? ema(pvt, signalLength) : sma(pvt, signalLength)
trendColor = pvt > signal ? #0ebb23 : color.red
pvtColor = applyFilling ? trendColor : #0094ff
signalColor = applyFilling ? trendColor : #ff6a00
pvtPlot = plot(pvt, title="PVT", linewidth=2, color=pvtColor, transp=0)
signalPlot = plot(showSignal ? signal : na, title="Signal", color=signalColor, transp=0)
transparent = color.new(color.white, 100)
fillColor = applyFilling ? trendColor : transparent
fill(pvtPlot, signalPlot, color=fillColor, transp=70)
buyAlert = crossover(pvt, signal)
sellAlert = crossunder(pvt, signal)
plotshape(buyAlert and highlightCrossovers ? pvt : na, title="Crossover", location=location.absolute, style=shape.circle, size=size.tiny, color=color.green, transp=0)
plotshape(sellAlert and highlightCrossovers ? pvt : na, title="Crossunder", location=location.absolute, style=shape.circle, size=size.tiny, color=color.red, transp=0)
alertcondition(buyAlert, title="Alert: Buy", message="Buy\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}")
alertcondition(sellAlert, title="Alert: Sell", message="Sell\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}")
Overview
The signal is an SMA or EMA of the PVT series, with a default length of 21 and a selectable price source. When filling is on, the ribbon between the two lines is colored by whether PVT is above or below the signal. Optional markers and alerts fire when PVT crosses above or below the signal. It does not place trades or set stops.
- SMA or EMA signal smoothing
- Ribbon fill between PVT and signal
- Optional crossover and crossunder markers
- Buy and sell alert conditions
- Selectable price source
Details
Published by
everget on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Volume, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Topics
pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Signal ? | bool | true | showSignal |
| Signal Smoothing Type | string | SMA | signalType |
| Signal Smoothing Length | int | 21 | signalLength |
| Source | source | close | src |
| Highlight Crossovers ? | bool | false | highlightCrossovers |
| Apply Ribbon Filling ? | bool | true | applyFilling |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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