rathiabhi

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
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

Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

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