Positive Volume Oscillator (PVO) Indicator for MetaTrader 5 Download - Free

In MetaTrader 5's indicators, the Positive Volume Oscillator (PVO) analyzes trading volume to predict price trends.

This tool uses two exponential moving averages (EMAs) with periods of 10 and 2 to identify fluctuations within specified ranges.

Indicator Specifications Table

The table below summarizes the main specifications of this indicator:

Indicator in an Uptrend

The chart below belongs to the AUD/CHF currency pair in the 4-hour timeframe. The price enters an uptrend when the fast EMA crosses above the slow EMA.

Traders open buy positions at these points and exit their trades when the lines reverse downward.

Indicator in a Downtrend

In the current market trend of the USD/CAD currency pair, the fast EMA crosses the slow EMA downward, and the price enters a downtrend.

Traders open sell positions in these areas using trading tools like PAFX Secrets indicator.

Positive Volume Oscillator Settings

The indicator's settings are displayed in full in the image below:

• Smoothing Period for Positive Volume: Represents the slow EMA period
• EMA Period for Comparison: Represents the fast EMA period
• Theme: Background theme of the indicator

Conclusion

Traders can use the Positive Volume Oscillator (PVO) to identify the market's liquidity flow and plan their trading strategies more accurately.

By comparing moving volume averages across different timeframes, this indicator signals potential changes in market trends.