VSA Spread

Measures spread of the candle, useful especially for Volume Spread Analysis ( VSA ) and to measure trend strength. Spread is coloured based on level comparable to Moving Average.
Release Notes:
  • Added option to switch calculation of average spread - either based on ATR (recommended) or SMA

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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