OPEN-SOURCE SCRIPT

PVSRA Volume Suite with Volume Delta

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PVSRA Volume Suite with Volume Delta
๐Ÿ”น Overview

This indicator is a Volume Suite that enhances PVSRA (Price, Volume, Support, Resistance Analysis) by incorporating Volume Delta and AI-driven predictive alerts. It is designed to help traders analyze volume pressure, market trends, and price movements with color-coded visualizations.
๐Ÿ“Œ Key Features

PVSRA Volume Color Coding โ€“ Highlights vector candles based on extreme volume/spread conditions.
Volume Delta Analysis โ€“ Tracks buying/selling pressure using up/down volume data.
AI-Powered Predictive Alerts โ€“ Identifies potential trend shifts based on volume and trend context.
Volatility-Adjusted Thresholds โ€“ Dynamically adapts volume conditions based on ATR (Average True Range).
Customizable MA & Symbol Overrides โ€“ Allows traders to tweak settings for personalized market insights.
Debug & Diagnostic Labels โ€“ Shows statistical z-scores, thresholds, and volume dynamics.
How It Works

PVSRA Color Coding โ€“ The script classifies candles into four categories based on volume and spread analysis:
๐Ÿ”ด Red Vector โ†’ Extreme bearish volume/spread
๐ŸŸข Green Vector โ†’ Extreme bullish volume/spread
๐ŸŸฃ Violet Vector โ†’ Above-average bearish volume
๐Ÿ”ต Blue Vector โ†’ Above-average bullish volume
Volume Delta Calculation โ€“ Uses lower timeframe volume analysis to estimate up/down volume differentials.
Trend & Predictive Alerts โ€“ Combines EMA crossovers with statistical volume analysis to detect potential trend shifts.
Volatility Adaptation โ€“ Adjusts volume thresholds based on ATR, making signals more reliable in changing market conditions.
Custom Symbol Override โ€“ Fetches PVSRA data from a different instrument, useful for index-based volume analysis.

Customizable Inputs

PVSRA Color Settings โ€“ Modify candle color schemes for better visual clarity.
Volume Delta Colors โ€“ Customize delta volume body, wick, and border colors.
AI Settings โ€“ Tune z-score thresholds, lookback periods, and enable predictive alerts.
Symbol Overrides โ€“ Analyze volume from a different market or asset.
Moving Average (MA) Settings โ€“ Display a volume-based moving average for trend confirmation.

Important Notes

Works best on intraday timeframes where volume data is reliable.
Lower timeframe volume delta estimates might not be precise for all assets.
No guarantees of accuracy โ€“ Use alongside other confluence tools for decision-making.

Credits & Open-Source Notice

This script is based on PVSRA methodologies and integrates Volume Delta analysis. Special thanks to Traders Reality and TradingView for their contributions to volume-based analysis.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.