Technical Indicators for MetaTrader 4
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MetaTrader 4
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Overview
PVSRA trading method. The system is based on calculating the direction of positions of large players, in which they gain positions.
PVSRA is an abbreviation: P - Price (Price), V - Volume (Volume), S - Support (Support), R - Resistance (Resistance), A - Analysis (Analysis).
The PVSRA method uses round price levels (eg 1.2000) and intermediate levels (eg 1.2250, 1.2750). Consolidation below the round level is preparation for long positions, consolidation above the level is preparation for short positions.
The indicator consists of:
Three moving averages - indicates the direction of the trend and the angle of the hover
Volumes - yellow color indicates a situation when the volume of a candle is greater than or equal to 150% of the average volume for the previous 10 candles of the current TF. Blue color is when the volume has become less than 300% and it is worth considering exiting the position
Round, Intermediate and Pivot levels - you can use both or disable one of them
Trading session indicator - trading time is configurable
Entry rules:
We enter only in the direction of the three middle ones. Indicators should move in a coordinated manner, in the same direction
We are waiting for a strong price movement against the trend with the removal of stops beyond the level and increased volume (yellow candle).
We are waiting for a rollback and enter a trade in the direction of the trend when the next round level is broken.
The take profit of the trade is 20 pips. Stop loss is set for the second rollback (rollback to the average)
