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# PVR: Price Volume Rank
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| Property | Value |
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| ---------------- | -------------------------------- |
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| **Category** | Volume |
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| **Inputs** | OHLCV bar (TBar) |
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| **Parameters** | None |
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| **Outputs** | Single series (PVR) |
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| **Output range** | Unbounded |
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| **Warmup** | 1 bar |
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### TL;DR
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- Price Volume Rank distills the price-volume relationship into a simple categorical indicator.
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- No configurable parameters; computation is stateless per bar.
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- Output range: Unbounded.
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- Requires 1 bar of warmup before first valid output (IsHot = true).
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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> "The relationship between price and volume reveals the conviction behind market moves." — Technical Analysis Axiom
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Price Volume Rank distills the price-volume relationship into a simple categorical indicator. Rather than producing a continuous value, PVR returns one of five discrete states (0-4) that classify the current bar's price and volume behavior relative to the previous bar. This creates an instant "market condition" snapshot.
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@@ -187,4 +204,4 @@ Track PVR distribution over rolling windows:
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- Arms, R. (1989). *Volume Cycles in the Stock Market*. Equis International.
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- Blau, W. (1995). *Momentum, Direction, and Divergence*. Wiley.
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- Elder, A. (1993). *Trading for a Living*. Wiley.
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- Murphy, J. (1999). *Technical Analysis of the Financial Markets*. New York Institute of Finance.
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- Murphy, J. (1999). *Technical Analysis of the Financial Markets*. New York Institute of Finance.
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