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Binance/TradingView PVT technical indicator details


Cryptocoins Exchanges / Binance 34 Views

Binance, on its TradingView chart, implements the Worth Quantity Development (PVT) Technical Indicator. As talked about in TradingView documentation, that is the PVT calculation:

PVT = [((CurrentClose - PreviousClose) / PreviousClose) x Volume] + PreviousPVT

Let's contemplate that PVT is calculated for the final three klines (candlesticks). The outcome can be X as a result of the value of kline[3] is unknown, so kline[2] Earlier PVT worth can be zero. Adding further klines to the calculation would finally affect the results of kline[0] PVT.

The amount of klines seemed again impacts the results of the present PVT. So, on the TradingView chart, what number of klines (candlesticks) are thought-about again for the PVT Technical Indicator calculation?

Thank you.

submitted by /u/TheIronManIE
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