PVSRA Candles
by zogami · published March 16, 2026
About
This indicator automatically colours candles based on volume analysis, helping identify significant price action: > Green/Red candles (200%): Exceptionally high volume - the candle's volume is at least 200% (double) the average volume of the previous 10 bars OR it has the highest volume-weighted range in the last 10 bars. > Blue/Magenta candles (150%): Above-average volume - the candle's volume is at least 150% (1.5x) the average volume of the previous 10 bars. > Grey candles: Normal volume - below 150% of the average, representing standard market activity. Each candle is continuously compared against the rolling 10-bar average, updating in real-time as volume accumulates.
Use PVSRA Candles on your own charts.
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