Price Volume Pattern is an RTX Extension designed to identify buy and sell volume-based patterns within a sequence of one or more prices within each bar. One-price, two-price and three-price patterns can be identified at the high of bar, low of bar, the highest or lowest occurrence within the bar, or all occurrences within each bar.
PVP is a powerful order flow pattern matching facility that works hand-in-hand with VolumeScope. It is designed to identify buy and sell volume-based patterns within a sequence of one or more prices within each bar. One-price, two-price and three-price patterns can be identified at the high of bar, low of bar, the highest or lowest occurrence within the bar, or all occurrences within each bar. Within each price within a bar, volume, ask volume, bid volume, or delta may be compared to specific values, or to multiples of volume, ask volume, bid volume, or delta. A secondary criteria is optional for each price. Prices that meet the specified criteria are identified with a drawing style such as Solid Box, Hollow Box, Dot, or Line. Customization of each style is possible by specifying a number of horizonal slices and an offset (which slice) to use. Each PVP indicator in a chart can thus be setup to draw into a different slice for each price.