Price Volume Trend   

The Price and Volume Trend (PVT) is a cumulative total of volume that is adjusted depending on changes in closing prices. The PVT adds/subtracts only a portion of the period’s volume. The amount of volume added to the PVT is determined by the amount that prices rose or fell relative to the previous period’s close.
Usage:
It used to determine the strength of trends and warn of reversals. PVT is a leading indicator for future price movements. PVT more accurately demonstrates the flow of money. The Price Volume Trend is an oscillator, which attempts to measure the strength of trends based upon volume and price change. The Price Volume Trend is used in conjunction with the price plot. Prices are expected to rise when there is a bullish divergence between the Price Volume Trend and the closing price and prices are expected to fall if there is a bearish divergence.