Price Volume Trend Crosses
Ethereum all time history indexINDEX
Açıklama
⋅ This script is a modified version of the Price Volume Trend (PVT) that uses a moving average of the PVT as a signal (sig) line.
- The length of the signal line can be adjusted as needed by changing the "PVTC Signal Length" value inside the indicator settings menu.
- "PVTC Signal Type" allows you to pick between EMA and SMA as the signal line.
Logic behind this script:
- If PVT > sig it indicates an bullish environment and gets coloured with the UP color.
- If PVT < sig it indicates a bearish environment and get coloured with the DOWN color.
- Colors can be modified in the indicator settings menu.
- Crosses can be highlighted by ticking the "Highlight Crosses" box in the indicator settings menu.
- "Fill Gaps" fills the gap between PVT and sig with the prevailing trends color.
PVTC should not be used on its own but in conjunction with other indicators!