INVITE-ONLY SCRIPT
Volume Spread Indicator
Updated
Volume Spread Indicator is based on my understanding of Volume Spread Analysis (VSA). VSA is the third approach for analyzing the price of a stock, forex or cryptocurrency. VSA looks for the difference between supply and demand that are created by a professional trader, institutional players which are called Smart Money.
This Indicator shows SV(Stopping Volume), NS (No Supply), ND (No Demand), -RC( Reverse Candle). Stopping volume and No supply appearing at key support level indicates Bullish Reversal. -RC and ND appearing at key resistance level indicate Bearish Reversal. This indicator can be used as Bottom and Top.
This Indicator can be used effectively with the combination of AutoFibe indicator, Scalping sell and buy Indicator.
Stopping Volume is shown as SV
No Demand is shown as a triangle down (Red)
No Supply is shown as a triangle up (Green)
Reverse Candle is shown as -RC
This Indicator shows SV(Stopping Volume), NS (No Supply), ND (No Demand), -RC( Reverse Candle). Stopping volume and No supply appearing at key support level indicates Bullish Reversal. -RC and ND appearing at key resistance level indicate Bearish Reversal. This indicator can be used as Bottom and Top.
This Indicator can be used effectively with the combination of AutoFibe indicator, Scalping sell and buy Indicator.
Stopping Volume is shown as SV
No Demand is shown as a triangle down (Red)
No Supply is shown as a triangle up (Green)
Reverse Candle is shown as -RC
Release Notes
update on Stopping volume.Indicator shows SV when a current candle is green and any of the previous 2 candles had Stopping volume
Release Notes
Update on No Demand IndicatorRelease Notes
Updated logic for Stopping Volume and Reversal Candle.Stopping Volume and Reversal candle helps to determine the trend reversal at the Support and Resistance. Based on previous SV and RC, we can determine the Volume based Support and Resistance for future price action.
Release Notes
Added Anchor Bar and Anchor ZoneAnchor bars are formed with high volume and with wide spread or with a huge Gap. Anchor bars are exhaustive moves. These Anchor bars create Anchor Zone which acts as a Support and Resistance.
Stopping Volume or No Demand, No Supply or Reversal Candle forming near these Anchor Zones are very significant.
Default view shows High and Low zones. There is option in the settings to add Close and Open zones.
Release Notes
White colored Candlesticks are Anchor bar Release Notes
Added Relative Anchor Volume (RAV) size option in the settings to determine the volume and spread size to for the Anchor candle. Increasing the RAV Size reduces number of Anchor zones and decreasing the RAV increases Anchor zones
Invite-only script
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PayPal - paypal.me/vickyprudhvi
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