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 Description Its functionalities are quite similar to the popularly known study On Balance Volume (OBV) It is used to understand strength of a trend using price and volume It is cumulative sum of change in daily prices multiplied by volume

 Interpretation Strong bullish trend is considered to be geared when PVT makes sharp rises Bearish price trend is expected after PVT falls sharply Since it is an absolute value with single value using price & volume, divergence is very useful to foreshadow reversals

 Default Parameters Used/Inputs Close line
 Returns/Output PVT values of stock for each price bar
 Formula $VPT = VPT_{prev} + volume \times { close_{today} - close_{prev} \over close_{prev} }$