Price Volume Trend BB

2019년 10월 14일

Hey guys,
Ive been thinking about Price Volume Trend for a while and tried adding different moving averages to it, but seems its not as binary.
Therefore adding the bollinger bands as a no-trade-zone made it alot better. Indicator is pretty basic at the moment since I just implemented the idea but im planning to do some add-ons later on to make it easier to read.
Will keep you updated!

2019년 10월 14일

릴리즈 노트

Made a few changes to make Buy/sell areas easier to read.

2019년 10월 17일

릴리즈 노트

Made the no trade zone more visible

2023년 3월 31일

릴리즈 노트

The updated script includes a normalize function to help scale the data and make it easier to read on the chart.
It also includes an option to adjust the smoothing of the price volume trend (PVT) for more customization.
Finally, the background color changes based on the trend, with blue indicating a bullish trend and red indicating a bearish trend.

8월 9일

릴리즈 노트

MAJOR CHANGES:
- 5-color regime system with volatility intelligence
- ATR-based volatility expansion detection
- Band compression prediction (early breakout warnings)
- Pine Script v6

VISUAL IMPROVEMENTS:
- Dynamic color-coding based on regime + volatility
- Optional momentum histogram
- Predictive purple backgrounds for compression

HOW THE NEW SYSTEM WORKS:
- Blue/Red variations = Bullish/Bearish regimes
- Brighter colors = Volatility expansion (higher probability)
- Purple background = Compression building (breakout coming)
- Gray = Neutral zone (no clear trend)

ALERTS:
– "High Probability Setup" = Best trading opportunities
– "Band Compression" = Get ready, setup building
–"Volatility Expansion" = Market ready to move