What is Price Volume Trend (PVT)?

Any asset’s demand and supply balance are estimated using the Price Volume Trend (PVT) indicator. The indicator helps determine the strength and direction of a price shift in an asset. The indicator is made up of a cumulative volume line that adds or subtracts a multiple of the percentage change in the trend and current volume dependent on the asset’s upward or downward movements. The percentage change in the share price trend represents the relative supply or demand for a certain asset, whereas the volume represents the force driving the trend.