Price Volume Trend is similar to OBV but adjusts each period's volume by the percentage change in price, giving proportionally more weight to large moves and less to small ones. PVT provides a more nuanced view of accumulation and distribution in stocks and crypto. Pair PVT with trend-following strategies and explore our indicator guide library for complementary tools.
PVT = previous PVT + (Volume × percentage price change). Unlike OBV which adds or subtracts the full volume, PVT scales volume by the proportional price move. A rising PVT line indicates positive volume-price momentum; a falling line indicates negative momentum.
The Positive Volume Index tracks price changes exclusively on days when volume increases, reflecting crowd-driven activity and retail sentiment. PVI works in tandem with the <a href="/academy/indicators/negative-volume-index" class="text-primary hover:underline">NVI</a> to contrast smart-money behaviour with public participation in <a href="/market/stocks" class="text-primary hover:underline">stock</a> and <a href="/market/crypto" class="text-primary hover:underline">crypto</a> markets. Explore our <a href="/academy/indicators" class="text-primary hover:underline">indicator guide library</a> for the full suite of volume-based analytical tools.
The Accumulation/Distribution (A/D) line uses both price and volume to assess whether a security is being accumulated (bought) or distributed (sold) — a refinement on <a href="/academy/indicators/on-balance-volume" class="text-primary hover:underline">OBV</a> that considers where price closes within the bar. A/D divergence is a powerful early signal for <a href="/market/stocks" class="text-primary hover:underline">stock</a> and <a href="/market/crypto" class="text-primary hover:underline">crypto</a> traders who want to spot institutional moves before the crowd. Integrate A/D analysis into your <a href="/strategies" class="text-primary hover:underline">trading strategies</a> alongside price structure for higher-confidence entries. Explore more volume tools in our complete <a href="/academy/indicators" class="text-primary hover:underline">indicator guide library</a>.
The Volume Weighted Moving Average weighs each price bar by its volume before averaging, so high-volume bars have more influence on the average than low-volume bars. VWMA gives traders a truer picture of the "agreed-upon" price compared to a standard <a href="/academy/indicators/simple-moving-average" class="text-primary hover:underline">SMA</a>. It is especially useful in <a href="/market/stocks" class="text-primary hover:underline">stock</a> and <a href="/market/crypto" class="text-primary hover:underline">crypto</a> trading on <a href="/tools/platforms/tradingview" class="text-primary hover:underline">TradingView</a>, and can be explored alongside other volume tools in our <a href="/academy/indicators" class="text-primary hover:underline">indicator guide library</a>.
The Klinger Volume Oscillator compares volume flowing in and out of a security using an EMA-based approach, aiming to predict price reversals by detecting divergences between volume trends and price. It is a powerful tool for <a href="/market/stocks" class="text-primary hover:underline">stock</a> and <a href="/market/forex" class="text-primary hover:underline">forex</a> traders who prioritise volume analysis. Add the Klinger Oscillator to your <a href="/strategies" class="text-primary hover:underline">trading strategies</a> and explore our <a href="/academy/indicators" class="text-primary hover:underline">indicator guide library</a> for complementary volume tools.