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Position Volume Areas
Position Volume Areas (PSA) | MisinkoMaster
The Position Volume Areas indicator measures the relative size of long versus short positions by analyzing volume weighted by directional and trend strength factors. It helps traders identify dominant buying or selling pressure to anticipate potential reversals or trend continuations.
Key Features
Shows weighted long and short volume areas to reflect market bias
Offers multiple plotting styles for flexible visualization (Full Overview, JoaoSilva14447 Style, Ratio, Divergence)
Optionally colors price candles based on volume bias for intuitive trend reading
Adjustable input parameters for length, weighting, and inclusion of price extremes
Displays ratio, divergence, and volume histograms for easy interpretation
How It Works
The indicator combines volume data with directional and trend strength metrics to estimate the dominance of buying or selling pressure. It then presents these results visually in different styles, helping traders spot shifts in market sentiment.
Inputs Overview
Length — Controls the number of bars used for calculations
Weight Length — Controls the weighting period for trend/direction calculations
Include Extremes — Option to factor price extremes into volume weighting
Plotting Style — Choose how volume areas and ratios are visualized
Plot Colored Candles — Toggle candle coloring based on volume bias
Usage Notes
Best used alongside price action and other indicators to confirm trend direction
Ratio style provides a quick glance at bullish vs bearish volume dominance
Divergence style highlights potential reversals via volume discrepancies
Adjust input settings to tailor sensitivity and responsiveness to your trading style
Colored candles offer a visual trend cue but should be complemented with other signals
Summary
Position Volume Areas offers insight into the underlying buying and selling pressure in the market. It’s a powerful tool for traders looking to confirm trends, identify reversals, and better time entries and exits.
The Position Volume Areas indicator measures the relative size of long versus short positions by analyzing volume weighted by directional and trend strength factors. It helps traders identify dominant buying or selling pressure to anticipate potential reversals or trend continuations.
Key Features
Shows weighted long and short volume areas to reflect market bias
Offers multiple plotting styles for flexible visualization (Full Overview, JoaoSilva14447 Style, Ratio, Divergence)
Optionally colors price candles based on volume bias for intuitive trend reading
Adjustable input parameters for length, weighting, and inclusion of price extremes
Displays ratio, divergence, and volume histograms for easy interpretation
How It Works
The indicator combines volume data with directional and trend strength metrics to estimate the dominance of buying or selling pressure. It then presents these results visually in different styles, helping traders spot shifts in market sentiment.
Inputs Overview
Length — Controls the number of bars used for calculations
Weight Length — Controls the weighting period for trend/direction calculations
Include Extremes — Option to factor price extremes into volume weighting
Plotting Style — Choose how volume areas and ratios are visualized
Plot Colored Candles — Toggle candle coloring based on volume bias
Usage Notes
Best used alongside price action and other indicators to confirm trend direction
Ratio style provides a quick glance at bullish vs bearish volume dominance
Divergence style highlights potential reversals via volume discrepancies
Adjust input settings to tailor sensitivity and responsiveness to your trading style
Colored candles offer a visual trend cue but should be complemented with other signals
Summary
Position Volume Areas offers insight into the underlying buying and selling pressure in the market. It’s a powerful tool for traders looking to confirm trends, identify reversals, and better time entries and exits.
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"Better to take a step back, than to stand stuck forever."
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
보호된 스크립트입니다
이 스크립트는 비공개 소스로 게시됩니다. 하지만 이를 자유롭게 제한 없이 사용할 수 있습니다 – 자세한 내용은 여기에서 확인하세요.
"Better to take a step back, than to stand stuck forever."
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.