Bharatgawande12

VSA with Smart Volume-Atropine

  • Volume spread analysis is a new way of looking at the market. It more like the candlestick analysis taking into consideration the volume . Volume Spread Analysis is one of the most important concepts of technical analysis .

  • Volume plays a very important role for traders. It is one of the key movers of the market because the market is mostly moved by fear and greed among the participants. Volume is also important in confirming a trend and chart patterns.

    How Does This Indicator Works ?

    1. It indicates Strengths and Weakness Signals on the basis of Tom Williams Volume Spread Analysis.
    2. It Automatically Draws Potential Zones and you can extend them.
    3. It Draws zones over Strength or Weakness Signal for whole session.
    4. Gives Options to hide Historical Action to avoid noise over the chart.
    5. Shows Cumulative Volume over the Candle to get clear Picture of buyer and seller.
    6. It Indicates most important signal of Effort vs Result.
    7. Automatically draws zone of High Volume Candle from Higher Time frame.
    8. Draws 60min(1Hr) Initial Balance Range.
Release Notes:
(New*) Added Signal Information Function, No any Indicator Available in the Market shows Signal Information like this. This function shows VSA signals Description, Background & Future, by pointing the mouse cursor over the signal.
(New*) Added Option to change the text size for Mobile view.
(Optimized) Added option to change the color of Signals and Previous day High & Low and Current day Open.
(Optimized) Signals for Higher Timeframe.
(Removed) Initial Balance Range.
Release Notes:
Improved overall performance.
Release Notes:
Added Volume Weighted Average Price (VWAP) and Optimized Script Code.
Release Notes:
Updated Features
Release Notes:
  • Improved Overall Performance
Release Notes:
IMPROVED OVERALL PERFORMANCE

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Bharatgawande12 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

This is Subscription Based Indicator, You have to Obtain Subscription to Access it, from atropine.in

Want to use this script on a chart?

Warning: please read before requesting access.