This indicator serves as the Tradingview equivalent of an MT4 indicator suite.
It differentiates from existing TV indicators in its style and total feature set (most notably PVSRA and PVSRA Override) It was originally designed for forex markets, and it will work for crypto as well, but it has not been tested on stocks.
List of features: PVSRA Candles Market boxes (NY/JP/ HK /UK/ FR and Brinks Boxes) 5/13/50/200/800 EMAs (cloud for 50EMA) Pivot points (S/M/R 1,2,3; PP ) Yesterday and Last Week price range Average Daily Range (Weekly and Monthly as well) Daily Open PVSRA Override Psychological High/Low Vector Candle Zones
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
PVSRA Override In order to get reliable bar coloring, we need accurate data. If you're on a chart with low volume on some obscure exchange, you may want to use another exchanges datafeed for the symbol you are on to calculate the PVSRA bar colors with. This lets you do exactly that. By default it's off, but you can turn it on and use INDEX:BTCUSD, or really any other chart you want. You can combine charts too, e.g. use BINANCE:BTCUSDT+COINBASE:BTCUSD.
PVSRA Alerts Alerts can be made for PVSRA "vector"/"climax" candles: 1. Create Alert (Clock with + sign) 2. Set Condition: "Traders Reality", 3. Select "Alert on Vector Candle", 4. Set it to Once per Bar, 5. choose your notification options.
Market boxes The market boxes times are configurable and will change depending on the exchange timezone. I recommend to pick your main exchange/chart and adjust the times so that they are correct. Technically you will need to shift the time from the exchanges' timezone to GMT . Default values should be good for UTC based exchanges in current US+UK summer time.
Psychological High/Low Configurable for Crypto or Forex - draws the perceived Psychological High/Low ranges for the week. Can display historical values too.
Vector Candle Zones displays unrecovered liquidity left behind on unrecovered vectors. Configurable to take into account candle bodies or candles and wicks.
Recommended additional Tradingview indicator(s): - TDI - Goldminds, Edited for Market Makers Method by Jakub Donovan
Footnotes The code was originally by plasmapug, continued development (with permission) is now done by infernix and peshocore and xtech5192 in collaboration with TradersReality.
If you have suggestions or questions, you can message me or leave a comment.
Notas de Lançamento
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Added psy type autodetect with manual override if needed (eg on Oanda:BTCUSD) some optimizations on the calls to PVSRA and ADR - getting all values with a single security call
What is the difference between the other Trading Reality indicator that has more than 9k subscribers developed by Infernixx?
REYOUXBDYE
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Hey guys, good work on the revamp. There were half complete settings for the yday and lweek h l colors. Now you can't even change the color of the lines anymore. Could we get Line and Label color customization for those? If so, that would be greatly appreciated :)
Peshocore
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@REYOUXBDYE, something had to give in order to add the VCZ to it unfortunately. we are looking for solutions and will add the option back as soon as we find the workarounds needed - problem is we are at 64 series which is the max that can be used and adding the color options adds 4 more series...
nijlandromek
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Really nice indicator, how to i make my vector candles full of colour instead of outlined
Crypto_Jakk
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Can't find the new one, how do I get it.. is it a paid indicator or something?
Peshocore
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@Crypto_Jakk, check the website - all the links are there - long story short the other one had to be private but is still available.