Simple PVT Strength Spotter

™TradeChartist Simple PVT Strength Spotter is a modified version of Price Volume Trend visualised using Relative Strength and helps spot price trends using visually engaging and appealing PVT Strength Oscillator plot and background. The Bull and the Bear background fills are highly useful for traders who like to visually understand areas of entry/exit based on PVT Strength and Oscillator Highs and Lows help spot Bull and Bear Divergences.

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What does Simple PVT Strength Spotter do?

• Plots PVT Strength with visually engaging colours for Bull and Bear zones (Green and Red).

• Plots PVT Strength coloured bars on main chart based on user preferred Upper and Lower PVT Strength bands (Default - 5/-5).

• Plots PVT Strength based on EMA smoothing (1 for Regular PVT Strength without smoothing).

• Plots Heikin Ashi PVT Strength if enabled from indicator settings.

• Plots PVT Strength highs of Bull Zone and PVT Strength lows of Bear Zone. Helps visually spot divergences.

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Note:

Default Settings:

• 7 period PVT Strength using 5 EMA Smoothing.

• For Heikin Ashi PVT Strength on normal bars, enable ᴜsᴇ ʜᴇɪᴋɪɴ ᴀsʜɪ PVT Sᴛʀᴇɴɢᴛʜ.

• Works only on symbols that have Volume data.

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Release Notes:

Length Max Value increased to 34