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PVSRA Auto [PhantomCipher]
PVSRA Auto
PVSRA Auto colours volume by how unusual it is, using the PVSRA (Price, Volume, Support and Resistance Analysis) method. Candles with unusually high volume, often called "vector candles", stand out from ordinary ones, so you can see where larger participants may be active.
SNAPSHOT: a 15m chart with the indicator in its pane, showing green, red, blue and fuchsia vector volume among grey normal volume
Shown on the 15-minute chart
The snapshots use the 15-minute timeframe. The indicator works on any timeframe, because each candle is always compared with the 10 candles before it on the same chart.
How it works
Each candle's volume is compared with the average volume of the previous 10 candles:
A candle counts as bullish when it closes above its open, and bearish otherwise.
The two tests behind a Peak candle:
Pine Script®
SNAPSHOT: a 15m close-up of a Peak vector candle, with its volume column and candle colour side by side
Volume Source Settings
Candle Colours
Alerts
Create alerts with Once Per Bar Close. Volume keeps building while a candle is open, so a candle can become a vector candle, or change class, before it closes.
Limitations
Example chart:
BTCUSDT.P
This indicator highlights unusual volume. It's not a trading signal on its own, so combine it with your own analysis and risk management.
PVSRA Auto colours volume by how unusual it is, using the PVSRA (Price, Volume, Support and Resistance Analysis) method. Candles with unusually high volume, often called "vector candles", stand out from ordinary ones, so you can see where larger participants may be active.
SNAPSHOT: a 15m chart with the indicator in its pane, showing green, red, blue and fuchsia vector volume among grey normal volume
Shown on the 15-minute chart
The snapshots use the 15-minute timeframe. The indicator works on any timeframe, because each candle is always compared with the 10 candles before it on the same chart.
How it works
Each candle's volume is compared with the average volume of the previous 10 candles:
- Peak (200%): volume is at least twice that average, or volume multiplied by the candle's range (high minus low) is the highest of the last 10 candles. Green for bullish, red for bearish.
- Rising (150%): volume is at least 1.5 times that average. Blue for bullish, fuchsia for bearish.
- Normal: everything else. Light grey for bullish, dark grey for bearish.
A candle counts as bullish when it closes above its open, and bearish otherwise.
The two tests behind a Peak candle:
SNAPSHOT: a 15m close-up of a Peak vector candle, with its volume column and candle colour side by side
Volume Source Settings
- Use Vol of the equivalent BINANCE PERP Chart: on by default. On crypto symbols, the indicator reads volume and prices from the matching Binance perpetual (for example BINANCE:BTCUSDT.P), which usually has deeper volume than a single spot exchange. If that perpetual doesn't exist, it uses the chart's own data.
- Force Symbol: off by default. When checked, every calculation uses the symbol you pick instead, on any market.
Candle Colours
- Set PVSRA candle colours on chart: off by default. When checked, the chart's candles take the same colours as the volume columns. Turning off candle borders in the chart settings makes the colours easier to read.
- All six colours (Peak, Rising and Normal, each bullish and bearish) can be changed in the same section.
Alerts
- Any Vector Candle
- Any Volume Peak(200%) Vector Candle
- Any Volume Rising(150%) Vector Candle
- Volume Peak(200%) Bullish / Bearish Vector Candle
- Volume Rising(150%) Bullish / Bearish Vector Candle
Create alerts with Once Per Bar Close. Volume keeps building while a candle is open, so a candle can become a vector candle, or change class, before it closes.
Limitations
- When volume comes from a Binance perpetual or a forced symbol, the colours describe that market's volume and candle direction, which can differ slightly from the chart you're viewing.
- The symbol, or the source it reads from, must have volume data.
Example chart:
BTCUSDT.PThis indicator highlights unusual volume. It's not a trading signal on its own, so combine it with your own analysis and risk management.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。