PROTECTED SOURCE SCRIPT
PVSRA Candles - [CT]
✅ Primary Categories (Best Fit)
1. Volume
The indicator is fundamentally based on volume expansion and participation analysis.
This is the strongest and most accurate primary category.
2. Candles / Chart Style
Your script visually modifies candle appearance and replaces default candle coloring.
Fits TradingView’s candle visualization and price presentation tools.
✅ Secondary Supporting Categories
3. Price Action
The indicator interprets institutional activity through price + volume relationship.
Helps traders analyze liquidity, accumulation, and distribution behavior.
4. Market Structure / Institutional Concepts
(Not an official TV category name but often accepted under Price Action or Other.)
PVSRA methodology aligns with smart money and institutional participation concepts.
✅ Optional Categories (Situational Fit)
You could justify these depending on your publish description:
5. Support & Resistance
PVSRA is often used around liquidity zones and reaction levels.
Not the core function, so this should be secondary if used.
6. Other
Sometimes used when an indicator blends multiple methodologies.
⭐ Recommended Category Selection Order (Best for Visibility)
If TradingView allows multiple selections:
Volume (Primary)
Candles
Price Action
📊 TradingView Tag Suggestions (Highly Recommended)
These help search ranking and discoverability:
PVSRA
Volume Analysis
Smart Money
Institutional Trading
Candle Coloring
Liquidity
Volume Spread Analysis
Market Participation
📊 Institutional Overview
PVSRA Candles – [CT] is an institutional-style volume and price action visualization tool based on Price, Volume, Support, Resistance Analysis (PVSRA) methodology. This indicator enhances standard candlestick charts by dynamically recoloring candles according to volume intensity and directional pressure, helping traders identify potential institutional activity, liquidity events, and momentum shifts.
The tool focuses on identifying abnormal volume behavior relative to recent market activity. By combining candle structure with volume expansion metrics, traders can more effectively interpret accumulation, distribution, and potential market manipulation commonly associated with smart money activity.
This indicator is designed to assist traders in recognizing when participation significantly increases, which often precedes major price moves or reversals.
🔍 Core Concepts Behind the Indicator
Institutional participants typically operate using large order sizes that cannot be executed instantly without affecting price. These participants often accumulate or distribute positions during periods of increased liquidity. PVSRA attempts to highlight these moments by analyzing:
• Relative volume spikes
• Candle spread combined with volume
• Directional price intent
• Cross-instrument volume referencing (optional)
By classifying candles into volume strength tiers, traders gain insight into whether current price movement is supported by strong participation or weaker market activity.
⚙️ How The Indicator Works
The indicator calculates average volume using a short-term baseline and compares current volume against that baseline. Candle classification is then assigned based on volume expansion and price movement.
Volume Strength Classification
🔴 200% Volume Candles (Ultra High Activity)
• Volume is at least 200% of recent average OR
• Volume multiplied by candle range reaches highest recent levels
• Often signals strong institutional participation
• May indicate breakout continuation or climax/exhaustion zones
🔵 150% Volume Candles (High Activity)
• Volume reaches approximately 150% of recent average
• Suggests increasing participation
• Often occurs during early momentum phases or liquidity sweeps
⚪ Normal Volume Candles
• Volume remains within typical market range
• Represents standard market participation
• Often seen during consolidation or low volatility periods
Each classification is visually represented through customizable bullish and bearish color schemes.
🎯 Key Features
✅ Institutional-style PVSRA candle coloring
✅ Dynamic volume expansion detection
✅ Optional candle override visualization
✅ Cross-symbol volume referencing
✅ Fully customizable color themes
✅ Lightweight overlay for clean chart integration
🔄 Cross-Instrument Volume Analysis
The indicator includes an optional symbol override feature that allows traders to analyze volume from another instrument while viewing price on their current chart.
This is commonly used in correlated markets such as:
• Futures vs Spot markets
• Index vs Individual equities
• Perpetual futures vs underlying asset
• Cross-exchange liquidity comparison
This feature can help traders detect hidden participation or liquidity flow that may not appear on the active chart alone.
🛠 Settings Guide
Switch Board
PVSRA Toggle
Enables or disables the PVSRA overlay entirely.
Candle Override
Override Candles with PVSRA Color
Replaces standard TradingView candles with PVSRA-colored candles.
For best visualization, drag the indicator to the top of the Object Tree.
Symbol Override
Override Symbol
Enables volume referencing from a different trading instrument.
Symbol Selector
Choose the instrument used for volume calculations.
Price remains based on the active chart.
Color Customization
Separate color settings are available for:
• 200% Volume Bullish / Bearish Candles
• 150% Volume Bullish / Bearish Candles
• Normal Volume Bullish / Bearish Candles
These allow traders to tailor visualization to their trading style or chart theme.
📈 How Traders Commonly Use PVSRA
1. Liquidity Sweep Detection
High-volume candles appearing near swing highs or lows can indicate liquidity grabs or stop runs often executed by large participants.
2. Breakout Confirmation
Strong volume expansion during range breakouts can help confirm institutional participation and reduce false breakout risk.
3. Reversal Identification
Climactic volume spikes after extended trends may signal exhaustion and potential reversals.
4. Trend Strength Analysis
Sustained high-volume candles in trend direction typically reflect strong directional commitment.
🧠 Best Practices
• Combine with market structure analysis
• Use alongside support and resistance zones
• Monitor session-based liquidity periods
• Avoid interpreting single candles in isolation
• Focus on clusters of high-volume candles for confirmation
⚠️ Important Notes
• This indicator does not provide direct buy or sell signals.
• PVSRA is intended as a volume participation analysis tool.
• Results may vary across markets depending on volume data quality.
• Cross-symbol referencing requires instruments with meaningful correlation.
📊 Recommended Markets & Timeframes
The indicator is designed to work across multiple markets including:
• Forex
• Futures
• Cryptocurrencies
• Equities
• Indices
Works effectively across scalping, intraday, and swing trading environments.
📜 License & Usage
This script is licensed under CC BY-NC-SA 4.0.
You may:
✔ Share and adapt the script
✔ Modify for personal or educational use
You may NOT:
❌ Use for commercial resale
❌ Redistribute without attribution
❌ Remove license or author credit
🤝 Credits
Developed by CalmsTrades
1. Volume
The indicator is fundamentally based on volume expansion and participation analysis.
This is the strongest and most accurate primary category.
2. Candles / Chart Style
Your script visually modifies candle appearance and replaces default candle coloring.
Fits TradingView’s candle visualization and price presentation tools.
✅ Secondary Supporting Categories
3. Price Action
The indicator interprets institutional activity through price + volume relationship.
Helps traders analyze liquidity, accumulation, and distribution behavior.
4. Market Structure / Institutional Concepts
(Not an official TV category name but often accepted under Price Action or Other.)
PVSRA methodology aligns with smart money and institutional participation concepts.
✅ Optional Categories (Situational Fit)
You could justify these depending on your publish description:
5. Support & Resistance
PVSRA is often used around liquidity zones and reaction levels.
Not the core function, so this should be secondary if used.
6. Other
Sometimes used when an indicator blends multiple methodologies.
⭐ Recommended Category Selection Order (Best for Visibility)
If TradingView allows multiple selections:
Volume (Primary)
Candles
Price Action
📊 TradingView Tag Suggestions (Highly Recommended)
These help search ranking and discoverability:
PVSRA
Volume Analysis
Smart Money
Institutional Trading
Candle Coloring
Liquidity
Volume Spread Analysis
Market Participation
📊 Institutional Overview
PVSRA Candles – [CT] is an institutional-style volume and price action visualization tool based on Price, Volume, Support, Resistance Analysis (PVSRA) methodology. This indicator enhances standard candlestick charts by dynamically recoloring candles according to volume intensity and directional pressure, helping traders identify potential institutional activity, liquidity events, and momentum shifts.
The tool focuses on identifying abnormal volume behavior relative to recent market activity. By combining candle structure with volume expansion metrics, traders can more effectively interpret accumulation, distribution, and potential market manipulation commonly associated with smart money activity.
This indicator is designed to assist traders in recognizing when participation significantly increases, which often precedes major price moves or reversals.
🔍 Core Concepts Behind the Indicator
Institutional participants typically operate using large order sizes that cannot be executed instantly without affecting price. These participants often accumulate or distribute positions during periods of increased liquidity. PVSRA attempts to highlight these moments by analyzing:
• Relative volume spikes
• Candle spread combined with volume
• Directional price intent
• Cross-instrument volume referencing (optional)
By classifying candles into volume strength tiers, traders gain insight into whether current price movement is supported by strong participation or weaker market activity.
⚙️ How The Indicator Works
The indicator calculates average volume using a short-term baseline and compares current volume against that baseline. Candle classification is then assigned based on volume expansion and price movement.
Volume Strength Classification
🔴 200% Volume Candles (Ultra High Activity)
• Volume is at least 200% of recent average OR
• Volume multiplied by candle range reaches highest recent levels
• Often signals strong institutional participation
• May indicate breakout continuation or climax/exhaustion zones
🔵 150% Volume Candles (High Activity)
• Volume reaches approximately 150% of recent average
• Suggests increasing participation
• Often occurs during early momentum phases or liquidity sweeps
⚪ Normal Volume Candles
• Volume remains within typical market range
• Represents standard market participation
• Often seen during consolidation or low volatility periods
Each classification is visually represented through customizable bullish and bearish color schemes.
🎯 Key Features
✅ Institutional-style PVSRA candle coloring
✅ Dynamic volume expansion detection
✅ Optional candle override visualization
✅ Cross-symbol volume referencing
✅ Fully customizable color themes
✅ Lightweight overlay for clean chart integration
🔄 Cross-Instrument Volume Analysis
The indicator includes an optional symbol override feature that allows traders to analyze volume from another instrument while viewing price on their current chart.
This is commonly used in correlated markets such as:
• Futures vs Spot markets
• Index vs Individual equities
• Perpetual futures vs underlying asset
• Cross-exchange liquidity comparison
This feature can help traders detect hidden participation or liquidity flow that may not appear on the active chart alone.
🛠 Settings Guide
Switch Board
PVSRA Toggle
Enables or disables the PVSRA overlay entirely.
Candle Override
Override Candles with PVSRA Color
Replaces standard TradingView candles with PVSRA-colored candles.
For best visualization, drag the indicator to the top of the Object Tree.
Symbol Override
Override Symbol
Enables volume referencing from a different trading instrument.
Symbol Selector
Choose the instrument used for volume calculations.
Price remains based on the active chart.
Color Customization
Separate color settings are available for:
• 200% Volume Bullish / Bearish Candles
• 150% Volume Bullish / Bearish Candles
• Normal Volume Bullish / Bearish Candles
These allow traders to tailor visualization to their trading style or chart theme.
📈 How Traders Commonly Use PVSRA
1. Liquidity Sweep Detection
High-volume candles appearing near swing highs or lows can indicate liquidity grabs or stop runs often executed by large participants.
2. Breakout Confirmation
Strong volume expansion during range breakouts can help confirm institutional participation and reduce false breakout risk.
3. Reversal Identification
Climactic volume spikes after extended trends may signal exhaustion and potential reversals.
4. Trend Strength Analysis
Sustained high-volume candles in trend direction typically reflect strong directional commitment.
🧠 Best Practices
• Combine with market structure analysis
• Use alongside support and resistance zones
• Monitor session-based liquidity periods
• Avoid interpreting single candles in isolation
• Focus on clusters of high-volume candles for confirmation
⚠️ Important Notes
• This indicator does not provide direct buy or sell signals.
• PVSRA is intended as a volume participation analysis tool.
• Results may vary across markets depending on volume data quality.
• Cross-symbol referencing requires instruments with meaningful correlation.
📊 Recommended Markets & Timeframes
The indicator is designed to work across multiple markets including:
• Forex
• Futures
• Cryptocurrencies
• Equities
• Indices
Works effectively across scalping, intraday, and swing trading environments.
📜 License & Usage
This script is licensed under CC BY-NC-SA 4.0.
You may:
✔ Share and adapt the script
✔ Modify for personal or educational use
You may NOT:
❌ Use for commercial resale
❌ Redistribute without attribution
❌ Remove license or author credit
🤝 Credits
Developed by CalmsTrades
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
One small act of kindness creates and endless ripple. Be Kind.
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。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
One small act of kindness creates and endless ripple. Be Kind.
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。