OPEN-SOURCE SCRIPT

Ocean's PVSRA

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List of features:
PVSRA Candles
Vector Candle Zones
PVSRA POCs
5/13/20/50/100/200/800 EMAs
2 Custom EMAs
13/50/200 Daily EMAs
Pivot points (S/M/R 1,2,3; PP )
Daily Open
Psychological High/Low

All of these are configurable in the indicator settings.

Usage instructions:

PVSRA Candle colors meaning:
Green (bull) and red (bear): Candles with volume >= 200% of the average volume of the 10 previous chart candles, and candles where the product of candle spread x candle volume is >= the highest for the 10 previous chart time candles.
Blue (bull) and blue-violet (bear): Candles with volume >= 150% of the average volume of the 10 previous chart candles

Vector Candle Zones:
displays unrecovered liquidity left behind on unrecovered vectors.

PVSRA POCs:
Display the POC of High Volume Candles.

EMA/Pivot Points:
- EMA retrace: Breaking these in either direction without addressing an imbalance on the opposite side requires confirmation after the break.
- Pivot-level trading operates on the same principle.
- **Note:** Pivot levels in this indicator have additional M-levels, which represent 50% markers to provide better insights into potential retraces or upward moves.
- For example: Breaking M1, retracing, and confirming at M1 with a target at M2.

Daily Open:
The daily open helps identify possible SPOT/Futures gaps (depending on the asset, such as a missing futures market over the weekend: NAS/DAX). Can display historical values too.

Psychological High/Low:
Configurable for Crypto or Forex - draws the perceived Psychological High/Low ranges for the week. Can display historical values too.

כתב ויתור

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