PVA Volume+Analysis is a technical indicator based on Price-Volume Analysis (PVA), which examines the relationship between price movements and trading volume to assess trend strength and direction. The indicator provides visual signals to help interpret market trends:
- A green up arrow appears when volume increases alongside rising prices, indicating a strong uptrend.
- A red down arrow signals a strong downtrend when volume increases as prices fall.
- An orange warning symbol alerts when volume decreases during rising or falling prices, suggesting the current trend may be weakening.
- A general alert mark (⚠️) is displayed if volume declines during either upward or downward price movements.
This indicator assists traders by highlighting the interplay between price and volume, offering insights into the momentum behind market trends. It is designed for use in technical analysis to support more informed trading decisions.