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Miha Kralj
2026-02-27 07:48:12 -08:00
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# PVR: Price Volume Rank
| Property | Value |
| ---------------- | -------------------------------- |
| **Category** | Volume |
| **Inputs** | OHLCV bar (TBar) |
| **Parameters** | None |
| **Outputs** | Single series (PVR) |
| **Output range** | Unbounded |
| **Warmup** | 1 bar |
### TL;DR
- Price Volume Rank distills the price-volume relationship into a simple categorical indicator.
- No configurable parameters; computation is stateless per bar.
- Output range: Unbounded.
- Requires 1 bar of warmup before first valid output (IsHot = true).
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
> "The relationship between price and volume reveals the conviction behind market moves." — Technical Analysis Axiom
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.
@@ -187,4 +204,4 @@ Track PVR distribution over rolling windows:
- Arms, R. (1989). *Volume Cycles in the Stock Market*. Equis International.
- Blau, W. (1995). *Momentum, Direction, and Divergence*. Wiley.
- Elder, A. (1993). *Trading for a Living*. Wiley.
- Murphy, J. (1999). *Technical Analysis of the Financial Markets*. New York Institute of Finance.
- Murphy, J. (1999). *Technical Analysis of the Financial Markets*. New York Institute of Finance.