SKVolBal Pro v1.0

SKVolBal Pro v1.0
Volume-RSI Fusion with Advanced Pattern Detection

This space-efficient indicator combines volume analysis, RSI, and candlestick pattern recognition in a single pane. Key features:

Volume-RSI Integration

• Dual view modes: Stacked volume (Type 1) or separated buy/sell columns (Type 2)
  
• RSI overlay with configurable levels (default 30/70)
  
• Color-coded volume: Green = Buying pressure, Red = Selling pressure

Pattern Detection & Labels
Text labels indicate detected patterns with priority weighting:

• C: Volume Climax
  
• E: Engulfing Pattern
  
• D: Divergence
  
• H: Hammer
  
• I: Inverted Hammer
  
• S: Shooting Star
  
• M: Hanging Man
  
• B: Bearish Marubozu
  
• G: Gravestone Doji

Label color indicates direction: Green = Bullish, Red = Bearish

Smart Signal Validation

• Adaptive thresholds adjust to market volatility
  
• Volume filters (vs SMA20) minimize false signals
  
• Pattern weighting system prioritizes significant signals
  
• Hover labels show all detected patterns with weights

Customization & Alerts

• Adjust 15+ parameters including pattern sensitivity and volume allocation
  
• Toggle individual patterns on/off with priority weighting
  
• Built-in alerts for all 12 pattern types

Interpretation Guidance:

• Strong signals: Labels appearing at RSI extremes (near 30/70) with high volume
  
• Confirmation: Multiple patterns detected simultaneously (view via tooltip)
  
• Caution: Isolated signals without volume/RSI confluence
  
• Priority: Higher-weighted patterns override label display (weights 70-100)

*Optimized for efficiency with 500-label limit and 200-bar lookback. Color intensity reflects signal strength.*