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| '''Volume–price trend''' (VPT) (sometimes '''price–volume trend''') is a [[technical analysis]] indicator intended to relate price and volume in the [[stock market]]. VPT is based on a running cumulative volume that adds or subtracts a multiple of the percentage change in share price trend and current volume, depending upon their upward or downward movements.<ref>[http://www.investopedia.com/terms/v/vptindicator.asp Volume Price Trend Indicator – VPT]</ref> | | Friends contact him Royal. One of my preferred hobbies is camping and now I'm attempting to earn cash with it. Delaware is our birth location. Interviewing is how I make a living and it's some thing I truly appreciate.<br><br>My web page; extended auto warranty ([http://grtfl.com/index.php?do=/profile-220/info/ click the next website page]) |
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| ==Formula==
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| : <math>\text{VPT} = \text{VPT}_\text{prev} + \text{volume} \times { \text{close}_\text{today} - \text{close}_\text{prev} \over \text{close}_\text{prev} }</math>
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| VPT total, i.e. the zero point, is arbitrary. Only the shape of the resulting indicator is used, not the actual level of the total.
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| VPT is similar to [[on-balance volume]] (OBV),<ref>[http://www.gannalyst.com/Gannalyst_Professional/Gannalyst_Indicators_Price_Volume_Trend.shtml Price/Volume Trend]</ref> but where OBV takes volume just according to whether the close was higher or lower, VPT includes how much higher or lower it was.
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| VPT is interpreted in similar ways to OBV. Generally, the idea is that volume is higher on days with a price move in the dominant direction, for example in a strong uptrend more volume on up days than down days. So, when prices are going up, VPT should be going up too, and when prices make a new rally high, VPT should too. If VPT fails to go past its previous rally high then this is a negative divergence, suggesting a weak move.
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| ==Similar indicators==
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| Other price × volume indicators:
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| * [[Money Flow Index]]
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| * [[On-balance volume]]
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| * [[Accumulation/distribution index]]
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| ==References==
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| {{Reflist}}
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| ==External links==
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| *[https://www.psg-online.co.za/Documentation/Webdocs/Education/STEP3_Tutorial.ppt STEP3_Tutorial]
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| *[http://www.sbf.unisg.ch/org/sbf/web.nsf/SysWebRessources/AmmannRekatevonWyss04/$FILE/TechAnalysis.pdf OUTPERFORMANCE WITH TECHNICAL ANALYSIS? — AN INTRADAY STUDY ON THE SWISS STOCK MARKET]
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| {{technical analysis}}
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| {{DEFAULTSORT:Volume-price trend}}
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| [[Category:Technical indicators]]
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Latest revision as of 10:04, 27 August 2014
Friends contact him Royal. One of my preferred hobbies is camping and now I'm attempting to earn cash with it. Delaware is our birth location. Interviewing is how I make a living and it's some thing I truly appreciate.
My web page; extended auto warranty (click the next website page)