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Pvsra

PVA Candles and Volume© ForexPipCheats and iceicebaby_ This indicator is coded to run on Trading View which was originally created by traderathome (TAH), qFish, and all other respective contributors for the mt4 version. It creates standard PVA candlesticks and volumes based on Price Volume Support Resistance Analysis (PVSRA) Special colours are used demote candles and corresponding volume bars where special situations occur involving price and volume Hence PVA (Price-Volume Analysis). The special situations or requirements for the colours are as follows: Situation "Climax" Bars with volume >= 200% of the average volume of the 10 most recent previous candles in the current TF, and bars where the product of candle spread x candle volume is >= the highest for the 10 most recent previous candles in the current TF. Bull bars are green and bear bars are red. Situation "Volume Rising Above Average" Bars with volume >=150% of the average volume of the 10 most recent previous candles in the TFs. Bull bars are blue and bear are blue-violet **Important** Please note that this indicator is a form of market analysis and not a trading method. You are recommended to use this indicator with the Dragon and Trend indicator to guide your trading entry. You can find it in my profile. The volume colours may not be the same if you compared it with mt4 as the broker you are using might differ. Chat Display Settings Make the necessary adjustments to your main chart in order for your indicator to display correctly. 1. Change the candle body and outline's transparency to 100% 2. Change the candle wick to silver /light grey for bull and dark grey for bear Colour Settings Note that the default colours are based on the colours of the PVA Volumes trading guide. It is recommended to keep it default but please feel free to change it however you like. Bull Volume Climax - Green Bull Rising Volume - Blue Bull Normal Volume - Silver / Light Grey Bear Volume Climax - Red Bear Rising Volume - Bear Bear Normal Volume - Dark Grey Alert Settings This indicator comes with a custom alert setting whenever a Rising Volume or Volume climax condition is fulfilled. However, it does not trigger automatically and you are required to manually set the duration before it can be initialized. 1. Create an alert on your desired currency pairing by selecting "Apply PVA Alert" 2. Set alert per bar and change the alert setting duration to unlimited if possible 3. You are recommended to set multiple alerts on various TFs if possible ( M1 , M5, H1, H4, D1) 4. Remember to replace {Edit TF} in the alert message with the TF you have created the alert on. This script will include additional SR and Daily Range indicator in the future, hopefully. Comment if you have any questions
Pine Script® göstergesi
ForexPipCheats tarafından
13
PVA Candle + Dragon The PVA bars and PVA candlesticks are used together with PVA volume for easy recognition of those specific chart time frame bars where special price and volume situations occur in PVSRA. The special situations or requirements for the PVA colors used are as follows. Situation "Climax"..... When volume >= 200% of the average volume of the 10 previous chart TFs or where the product of candle spread x candle volume is >= the highest for the 10 previous chart time Tfs. Default Colors: Bullish bars are green and bearish bars are red. Situation "Volume Rising Above Average"..... When volume >= 150% of the average volume of the 10 previous chart Tfs. Default Colors: Bullish bars are blue and bearish bars are blue-violet. Dragon is the 50EMA with two bands, the upper band, and the lower band.
Pine Script® göstergesi
JAPARICO tarafından
18
PVA VolumeThe PVA volume is part of PVSRA and it shows different bar colors according to the conditions below. Situation "Climax". When volume >= 200% of the average volume of the 10 previous chart candles or where the product of candle spread x candle volume is >= the highest for the 10 previous chart candles. Default Colors: Bullish bars are green and Bearish bars are red. Situation "Volume Rising Above Average". When volume >= 150% of the average volume of the 10 previous chart candles. Default Colors: Bullish bars are blue and bearish bars are blue-violet.
Pine Script® göstergesi
JAPARICO tarafından
8