OPEN-SOURCE SCRIPT

VXN Price Volume Trend

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The VXN Price Volume Trend (PVT) indicator is based on other open source scripts. It's designed for Nasdaq futures (NQ/MNQ) tracks money flow by combining price changes and volume. PVT calculates the cumulative sum of volume multiplied by the percentage change in the average price (open + high + low + close)/4. Buy/sell signals are generated when PVT crosses its smoothed signal line (EMA or SMA) and are filtered by the VXN (CBOE Nasdaq Volatility Index) trend: buy signals trigger in bullish conditions (VXN EMA below its 200-period SMA, signaling lower volatility), and sell signals in bearish conditions (VXN EMA above SMA, signaling higher volatility). Green/red background colors highlight bullish/bearish VXN trends for quick reference, with crossover signals plotted on the chart.

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