PVSRA Volumes Set (White) Indicator MT4 Strategy

Introduction

The PVSRA (Price, Volume, S&R Analysis) strategy combines price action, volume analysis, and support/resistance levels to identify potential trading opportunities. Traders using this approach aim to understand how market makers (MMs) move price and make informed decisions based on these insights.

Key Components

1. Price Action (Price): Price action is crucial in PVSRA. Traders analyze candlestick patterns, trend lines, and chart formations to anticipate price movements. Remember, “Price Action is King.”
2. Volume (Volumes Set): Volume provides essential context. Traders look for relative increases in volume and observe whether higher or lower prices correlate with significant volume spikes. Notable volumes often occur around key support and resistance levels.
3. Support and Resistance (S&R): Identifying support and resistance levels helps traders gauge potential turning points. When MMs take price above or below these levels, it often signals significant moves.

Strategy Execution

1. Minimum Deposit:
   • While there’s no fixed minimum deposit, consider starting with an amount you’re comfortable risking. PVSRA works on various account sizes.
2. Time Frame:
   • PVSRA can be applied to any time frame, but it’s commonly used on 1-hour (H1) and 4-hour (H4) charts. Adjust according to your trading style and preferences.
3. Currency Pairs:
   • PVSRA works well across all major currency pairs (EUR/USD, GBP/USD, USD/JPY, etc.). Choose pairs that align with your trading goals.

How the EA Takes Trades

1. Volume Analysis:
   • The PVSRA Volumes Set (White) Indicator MT4 highlights volume spikes. Look for bars with volume exceeding 200% of the average volume of the previous 10 timeframes.
   • Pay attention to situations where the product of candle spread and candle volume is higher than the highest for the previous 10 timeframes.
2. Price Confirmation:
   • Confirm volume signals with price action. Are bullish bars (green) associated with rising volumes? Are bearish bars (red) accompanied by notable volume spikes?
3. S&R Levels:
   • Observe how price interacts with support and resistance levels. Significant volumes near these levels often indicate potential reversals or breakouts.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈

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