able FRVP Reversal

# able FRVP Reversal - Complete User Guide

## 📌 Overview

**able FRVP Reversal** is a professional-grade Volume Profile indicator with an integrated reversal detection system. It combines Fixed Range Volume Profile (FRVP) analysis with a confluence-based reversal scoring system to identify high-probability turning points at key volume levels.

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## ✨ Key Features

| Feature | Description |
|---------|-------------|
| **Session-Based Volume Profile** | Automatically resets at the beginning of each regular trading session |
| **POC (Point of Control)** | Highest volume price level - strongest support/resistance |
| **VAH (Value Area High)** | Upper boundary of the 70% value area - resistance zone |
| **VAL (Value Area Low)** | Lower boundary of the 70% value area - support zone |
| **Confluence Scoring System** | 5-point scoring system for reversal detection |
| **Smart Cooldown** | Prevents signal spam with customizable cooldown period |
| **Real-time Info Table** | Displays all key metrics in a retro-style dashboard |

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## 🔧 Installation

1. Open TradingView and go to **Pine Editor**
2. Delete any existing code and paste the indicator code
3. Click **"Add to Chart"**
4. Configure settings as needed

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## ⚙️ Settings Explained

### 📊 Volume Profile Settings

| Setting | Default | Description |
|---------|---------|-------------|
| **Number of Rows** | 50 | Resolution of the volume profile (more rows = finer detail) |
| **Value Area %** | 70 | Percentage of volume to include in Value Area (industry standard: 70%) |
| **Profile Width** | 40 | Visual width of the histogram on chart |
| **Show Histogram** | ✓ | Display volume histogram bars |
| **Show POC/VAH/VAL** | ✓ | Display the three key levels |
| **Show Labels** | ✓ | Display price labels for each level |
| **Extend Lines** | ✓ | Extend levels to the right of current price |
| **Extend Length** | 100 | How far to extend the lines (in bars) |

### 🔄 Reversal Detection Settings

| Setting | Default | Description |
|---------|---------|-------------|
| **Enable Reversal Detection** | ✓ | Turn reversal signals on/off |
| **Min Confluence Score** | 3 | Minimum score required to trigger signal (1-5) |
| **Cooldown Bars** | 10 | Minimum bars between signals to prevent spam |

#### Understanding Min Confluence Score:
- **Score 1-2**: Very sensitive, many signals (not recommended)
- **Score 3**: Balanced - good for most traders ⭐ Recommended
- **Score 4**: Conservative - fewer but higher quality signals
- **Score 5**: Very strict - only strongest reversals

### 🎨 Color Settings

All colors are fully customizable:
- **POC Line**: Default Gold (#FFD700)
- **VAH Line**: Default Coral Red (#FF6B6B)
- **VAL Line**: Default Teal (#4ECDC4)
- **Bullish Reversal**: Default Green (#00E676)
- **Bearish Reversal**: Default Red (#FF5252)

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## 📖 How to Read the Indicator

### Volume Profile Histogram

```
█████████████ ← High volume = Strong S/R
████████ ← Medium volume
████ ← Low volume = Weak S/R
██
```

- **Darker/Longer bars** = More trading activity at that price
- **Inside Value Area** = Colored based on session direction (Bull/Bear)
- **Outside Value Area** = Muted gray color

### Key Levels

| Level | Color | Meaning |
|-------|-------|---------|
| **POC** | Yellow | Price with highest volume - Strongest magnet |
| **VAH** | Red | Upper resistance - Look for bearish reversals |
| **VAL** | Teal | Lower support - Look for bullish reversals |

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## 🔄 Reversal Detection System

### How the Scoring System Works

The indicator uses a **5-point confluence scoring system**. Each condition adds 1 point:

#### 🟢 Bullish Reversal Score (at VAL)

| Condition | Points | Description |
|-----------|--------|-------------|
| Price at VAL Zone | +1 | Price is within VAL ± 0.2 ATR |
| Bullish Candle | +1 | Close > Open (green candle) |
| RSI Oversold | +1 | RSI < 35 |
| Rejection Wick | +1 | Lower wick > 1.5× body size |
| Failed Breakdown | +1 | Touched below VAL but closed above |

#### 🔴 Bearish Reversal Score (at VAH)

| Condition | Points | Description |
|-----------|--------|-------------|
| Price at VAH Zone | +1 | Price is within VAH ± 0.2 ATR |
| Bearish Candle | +1 | Close < Open (red candle) |
| RSI Overbought | +1 | RSI > 65 |
| Rejection Wick | +1 | Upper wick > 1.5× body size |
| Failed Breakout | +1 | Touched above VAH but closed below |

### Signal Quality Ratings

| Score | Rating | Meaning |
|-------|--------|---------|
| 5/5 | ★★★ | Excellent - Highest probability |
| 4/5 | ★★ | Good - High probability |
| 3/5 | ★ | Acceptable - Moderate probability |
| <3 | - | No signal triggered |

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## 📋 Info Table Explained

```
╔═ able-REV ═╗ 15 ████████ SCR
─────────────────────────────────────
ZONE UPPER VA ▒▒▓▓████ ▲
POC 4272.680 ██████·· ▲
VAH 4322.745 ████···· ·
VAL 4264.977 ██████·· ·
═ SCORE ═════════════════════════════
BULL 0/5 ········ ·
BEAR 1/5 ░······· ·
RSI 49 ▒▒▓▓···· ·
◄SIGNAL► WAIT ········ ·
```

| Row | Description |
|-----|-------------|
| **ZONE** | Current price position relative to Value Area |
| **POC/VAH/VAL** | Price levels with distance indicators |
| **BULL Score** | Current bullish confluence score |
| **BEAR Score** | Current bearish confluence score |
| **RSI** | RSI value with OB/OS status |
| **SIGNAL** | Current signal status (BUY/SELL/WAIT) |

### Zone Types

| Zone | Meaning | Bias |
|------|---------|------|
| ABOVE VAH | Price broke above resistance | Bullish (but watch for rejection) |
| ⚠ AT VAH | Price testing resistance | Watch for bearish reversal |
| UPPER VA | Price in upper value area | Slight bullish bias |
| LOWER VA | Price in lower value area | Slight bearish bias |
| ⚠ AT VAL | Price testing support | Watch for bullish reversal |
| BELOW VAL | Price broke below support | Bearish (but watch for rejection) |

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## 📈 Trading Strategies

### Strategy 1: VAH Rejection (Bearish Reversal)

**Setup:**
1. Price approaches or touches VAH (red dashed line)
2. BEAR score reaches 3+ (or your minimum setting)
3. REV signal appears above the candle

**Entry:**
- Enter SHORT on signal candle close
- Or wait for confirmation candle

**Stop Loss:**
- Above the signal candle high
- Or above VAH + 0.5 ATR

**Take Profit:**
- First target: POC (yellow line)
- Second target: VAL (teal line)

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### Strategy 2: VAL Bounce (Bullish Reversal)

**Setup:**
1. Price approaches or touches VAL (teal dashed line)
2. BULL score reaches 3+ (or your minimum setting)
3. REV signal appears below the candle

**Entry:**
- Enter LONG on signal candle close
- Or wait for confirmation candle

**Stop Loss:**
- Below the signal candle low
- Or below VAL - 0.5 ATR

**Take Profit:**
- First target: POC (yellow line)
- Second target: VAH (red line)

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### Strategy 3: POC Bounce

**Setup:**
1. Price pulls back to POC after trending
2. POC acts as support/resistance
3. Watch for reversal candle patterns

**Entry:**
- Long if bullish candle at POC from below
- Short if bearish candle at POC from above

**Stop Loss:**
- Other side of POC ± buffer

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## ⚠️ Important Notes

### When Signals Work Best

✅ **High Probability Setups:**
- Score 4-5 with clear rejection wick
- RSI confirms (oversold for long, overbought for short)
- First test of VAH/VAL in the session
- Clear trend before reversal

❌ **Low Probability Setups:**
- Score barely meeting minimum (3/5)
- Multiple tests of same level (level weakening)
- Low volume/choppy market
- News events pending

### Risk Management Rules

1. **Never risk more than 1-2% per trade**
2. **Always use stop loss** - place beyond the level
3. **Wait for candle close** - don't enter on wick touches
4. **Respect the cooldown** - avoid overtrading
5. **Consider the trend** - counter-trend reversals are riskier

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## 🔔 Alerts

The indicator includes built-in alerts:

| Alert | Trigger |
|-------|---------|
| VAL Bullish Reversal | BULL score meets minimum at VAL |
| VAH Bearish Reversal | BEAR score meets minimum at VAH |

### Setting Up Alerts:
1. Right-click on the chart
2. Select "Add Alert"
3. Choose "able FRVP Reversal" as condition
4. Select desired alert type
5. Configure notification method

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## 💡 Pro Tips

1. **Combine with trend analysis** - Reversals in trend direction are more reliable

2. **Watch for confluence with other S/R** - If VAH/VAL aligns with round numbers, previous highs/lows, or fib levels, the level is stronger

3. **Volume confirmation** - Higher volume on reversal candle = stronger signal

4. **Time of day matters** - Reversals during active trading hours are more reliable

5. **Adjust sensitivity by market** - Volatile assets may need higher Min Confluence Score

6. **Use multiple timeframes** - Check if reversal level aligns with higher timeframe levels

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## 🔧 Recommended Settings by Trading Style

| Style | Min Confluence | Cooldown | Best For |
|-------|----------------|----------|----------|
| Scalping | 3 | 5-7 | Quick trades, more signals |
| Day Trading | 3-4 | 10-15 | Balanced approach |
| Swing Trading | 4-5 | 20+ | Fewer, higher quality signals |

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## ❓ Troubleshooting

| Issue | Solution |
|-------|----------|
| No signals appearing | Lower Min Confluence Score or check if market is ranging |
| Too many signals | Increase Min Confluence Score or Cooldown Bars |
| Levels not showing | Enable Show POC/VAH/VAL in settings |
| Histogram too wide/narrow | Adjust Profile Width setting |

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## 📞 Support

For questions, suggestions, or bug reports, please contact the developer.

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**Version:** 1.0
**Last Updated:** 2024
**Platform:** TradingView (Pine Script v6)