Vector Candles is an overlay indicator that recolors price candles using PVSRA volume rules taken from the Traders Reality concept. It compares each bar's volume with the average of the previous ten bars and also checks the product of spread and volume against
Indicator · Pine Script v6 · On the chart
Volume Candle Coloring
This indicator colors price chart candles according to trading volume relative to a simple moving average.
GitHub stars7on the repository
Pine versionv6current
Lines of code78
Settings5inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Volume Candle Coloring classifies volume into five distinct tiers ranging from low to ultra using customizable multiplier thresholds. Candles are painted directly on the main price chart with distinct color shades depending on whether price closes higher or lower than the open. Users can adjust the moving average length alongside the multiplier boundaries. The script does not generate trading alerts or include exit rules.
- Volume simple moving average calculation
- Tiered volume threshold multipliers
- Bullish and bearish candle coloring
- Direct price chart overlay
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volume, Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Période moyenne volume | int | 20 | volLength |
| Volume faible | float | 0.7 | lowMult |
| Volume fort | float | 1.5 | midMult |
| Volume extrême | float | 2.5 | highMult |
| Volume ULTRA | float | 4.0 | ultraMult |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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