PVA Candle + Dragon

27 mar 2020

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.

14 apr 2020

Note di rilascio

This new version includes key levels.

19 apr 2020

Note di rilascio

Added the checkbox to hide or show key levels.
The default is false.

5 feb 2021

Note di rilascio

This version includes the 100EMA and I have changed the EMA lines to dotted ones so that it resembles the original PVSRA scripts.

9 mar 2021

Note di rilascio

In this version, I have removed the 100EMA since it is not really needed.
I have backtested the 100EMA in multiple stocks and indices, and to be honest, it causes more problems than benefits.
If you really need it, you can just manually add it.