Indicators: Sonic_2 PVA Candles (Black) + Sonic_6 PVA Volumes (Black)

this 2 indicators can be good additional filter to your system

This indicator creates standard candlesticks to be used together with the SonicR PVA Volumes
indicator. Special colors are used denote candles and corresponding volume bars where special
situations occur involving price and volume, hence PVA (Price-Volume Analysis). The special
situations, or requirements for the colors are as follows.

Situation "Climax"
Bars with volume >= 200% of the average volume of the 10 most recent previous chart TFs,
and bars where the product of candle spread x candle volume is >= the highest for the 10
most recent previous chart time TFs. Bull bars are green and bear bars are red.

Situation "Volume Rising Above Average"
Bars with volume >= 150% of the average volume of the 10 most recent previous chart TFs.
Bull bars are blue and bear are blue-violet.