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Burhay Vlad Burhay Vlad 21.04.2017

Modified Volume-Price Trend

A modified volume-price trend is calculated to the respect of reduced volume (rV) rather than regular volume. This value is equal to the volume multiplied by the percentage change of equation ((Open + High + Low + Close) / 4). Original author David Hawkins is suggesting to plot MVP trend tool on the main chart and match it if necessary with level and scale input params. By default this tool is set to a subwindow. MVP tool serves as another quality prospect in finding divergence in the market.

MVP trend for PTMC


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