PROTECTED SOURCE SCRIPT
Updated Volume Spread Analysis Indicators [Volume Trader]
This indicator is based on Volume and Price spread analysis developed by tom williams.
It shows following indicators based on price range and volume data
Bearish Indicators
1. Buying climax
2. End of Rising Market
3. Upthrust
4. Smart selling
5. No Demand
6. VDD
Bullish Indicators
1. Selling Climax
2. End of falling
3. Stop Volume
4. Reverse Upthrust
5. Shakeout
6. VDU
6. No supply
It shows following indicators based on price range and volume data
Bearish Indicators
1. Buying climax
2. End of Rising Market
3. Upthrust
4. Smart selling
5. No Demand
6. VDD
Bullish Indicators
1. Selling Climax
2. End of falling
3. Stop Volume
4. Reverse Upthrust
5. Shakeout
6. VDU
6. No supply
Release Notes
This indicator is based on Volume and Price spread analysis developed by tom williams.It shows following indicators based on price range and volume data
Bearish Indicators
1. Buying climax
2. End of Rising Market
3. Upthrust
4. Two bar reversal
5. No Demand
Bullish Indicators
1. Selling Climax
2. Bag holding
3. Stop Volume
4. Bottom reversal
5. Shakeout
6. No supply
Potential climatic action on up bar is shown as blue color candle and on down bar is shown as maroon color.
Small circles at bottom of chart shows the trend of the chart.
Release Notes
This indicator is based on Volume Spread Analysis (VSA) developed by tom williams.It shows following indicators based on price range and volume data
Major Sign of Strength
- Selling Climax - SC
- Bag Holding - BH
- Bottom Reversal - BR
- Stopping Volume - SV
- Supply Absorption - BO
Major Sign of Weakness
- Buying Climax - BC
- End of Rising - EoR
- Top Reversal - TR
- Supply Overcoming Demand - SoD
- Demand Absorption - BO
Minor Sign of Strength
- Shakeout - GREEN CIRCLES
- No Supply - GREEN TRIANGLES
Minor Sign of Weakness
- Upthrust - RED CIRCLES
- No Demand - RED TRIANGLES
Optional Features (can be enabled from settings):
Trend - shown as circles at top of chart
Trend Strength - shown as squares at bottom of chart
Climatic Action (Events with Ultra high volume) - shown as blue diamonds
Release Notes
Indicators with improved accuracyRelease Notes
No Demand, No Supply, Upthrust and Shakeout signals are disabled in default settings.Release Notes
New Signals added- Supply Testing - Test
- Demand Testing - Test
Release Notes
Settings parameter rename for more clarityRelease Notes
Included impact of Gap openings
Protected script
This script is published closed-source and you may privately use it freely.
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Disclaimer
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