Download Free PVSRA (Price, Volume, S&R Analysis)

Introduction to PVSRA

So, let us begin with an overview of PVSRA. In time, more will be transcribed here, but let this suffice for now. I would like to break this up and say something brief about each part. Okay?

Volume - Increases in activity denote increase in interest. But, is it long or short interest? Where is the price in the bigger picture when this is happening? Is it at relative highs or lows in the overall price action? And if a high volume bar is for a candle which you can examine by going to lower TF charts, you might see where in the spread of that candle the most volume occurred, high or low! Using volume is about taking note of relative increases in volume and what price is doing at the same time. Are the better volumes favouring the lower or the higher prices, as the MMs waffle price up to and down? And do the volumes get particularly notable when the MMs take price above or below key SR?

Price - Some people say "Price Action is King". I say we cannot know how the MMs (Market Makers) will move price next, period. But price tends to consolidate above key SR when MMs are filling short orders for SM (Smart Money) and long orders for DM (Dumb Money), and price tends to consolidate below key SR when MMs are filling long orders for SM and short orders for DM. The MMs are also "SM", and they tend to do the other SMs "one better"! This means that after the MMs fill the SM/DM orders, they might move price a bit further in an attempt to stop out some of those SM executed orders and sucker in more DM; both giving liquidity for the MMs to add to their own SM side position. Yes, the MMs are bastards. But the point is that could leave price not "nicely" above or below an SR anymore, yet more consolidation can occur.

PVSRA - If we can spot consolidations above/below key SR, examine the overall price action on various TF charts, and take note of where the notable increases in volume have most recently occurred (did volume favour relative highs or lows), then we can build a consensus about what kind of orders the MMs have most recently been filling; buying to open longs or close shorts, or selling to open shorts or close longs. And we can get a better idea if things will next become bullish or bearish. And once PA confirms our bullish or bearish PVSRA results, by recognizing the importance of Levels we can look beyond current PA in the direction it is going and look to historic PA S&R (consolidation around key Levels) to come up with candidates for where the price might be headed. And bull or bear swings typically run in terms of 100+, 150+, 200+ pips, .....etc. And now you know why.

They do this by

1. Manipulating price to sucker into the market DM that is taking the wrong side position.

2. Manipulating price to sucker into the market SM that is taking the right side position, but too soon, and later manipulating the price to hit their stops.

Sample Templates - 

The sample templates (for both black and white charts) are just a start. Many different templates can be created by changing the External Inputs of the indicators and re-saving with a different name. This is the recommended way to customize for yourself. Do not try to customize any chart but the sample templates provided. You can run into serious problems you are not aware of due to the complexities involved in how the order of our indicators affect the proper displays of the others, and in how certain MT4 chart properties are set!

Download Free PVSRA (Price, Volume, S&R Analysis)