Price Volume Trend MTF Indicator

The Price Volume Trend MTF (PVT) Indicator for MT4 is a powerful technical tool for trend traders, intraday traders, and long-term market participants. It measures both price direction and the strength behind price movement, giving a clear picture of supply and demand pressure. This makes it an effective indicator for identifying trending markets and confirming trade entries.

How the Price Volume Trend MTF (PVT) Indicator Works

The PVT MTF indicator plots two continuous lines on a separate sub-window beneath the main price chart:

Lime Line – cumulative volume flow

Red Line – trend direction reference

The lime line accumulates volume based on the percentage change in price. If price is rising, the value increases; if price is falling, the value decreases. This visual representation helps traders understand the force and momentum behind a trend.

The red line acts as a smoother trend guide to highlight the general direction of the market.

Interpreting PVT MTF Indicator Signals

Trading with the Price Volume Trend MTF indicator is straightforward. The primary signals come from crossovers between the lime and red lines.

Bullish Signal (Buy Setup)

A bullish trend is signaled when:

The lime line crosses above the red line

The red line is sloping upward

This indicates strong buying pressure and rising demand. Traders can place buy orders when these conditions appear.

Bearish Signal (Sell Setup)

A bearish trend is signaled when:

The lime line crosses below the red line

The red line is sloping downward

This confirms increasing selling pressure. Traders can place sell orders using this signal.

Why the PVT MTF Indicator Works Well

Uses both price and volume, making signals more reliable

Can be applied on any timeframe

Helps confirm trend strength before entering trades

Works for scalpers, day traders, swing traders, and long-term investors

Multi-timeframe (MTF) capability adds trend confirmation from higher chart periods

For stronger accuracy, traders can combine PVT with tools such as moving averages, support/resistance, or trendline analysis.

Conclusion

The Price Volume Trend MTF Indicator for MT4 is a simple yet effective tool for identifying market trends and their underlying strength. Suitable for both beginners and experienced traders, it can be used alone or integrated into more complex strategies. By combining price changes with volume pressure, the PVT MTF provides clear and actionable buy/sell signals that work across all market conditions.