INVITE-ONLY SCRIPT

TradeGuider VSA Relative Volume

The TradeGuider VSA Lite package is designed for those traders who want to trade in harmony with the professionals (‘smart money’) and is based on Tom Williams’ Volume Spread Analysis methodology ( VSA ). It works in any market and any time frame. The trader can use it as a standalone toolkit to support their trading decisions, or in conjunction with other trading tools to obtain additional confirmations.
The package consists of two parts:
  • TradeGuider VSA Lite indicator
  • TradeGuider Relative Volume indicator

Together with the TradeGuider VSA Lite indicator, the TradeGuider VSA Relative Volume indicator helps to determine the interaction between supply and demand as well as assisting traders in their trading decisions. In the VSA methodology all analysis is based on Relative Volume . This means that the exact values of the volume on the price bars are not nearly as important as their volume in relation to the previous volume bars. The following classifications of Relative Volume are used in VSA:
  • Ultra High Volume
  • Very High Volume
  • High Volume
  • Average Volume
  • Low Volume
  • Very Low Volume

Users can easily see how any volume bar is classified by observing which color band in the volume indicator is reached by the top of any given volume bar.
Price bars where the volume is Ultra High very often begin the VSA Setup, while price bars on Low or Very Low Volume can be the confirmation and end the VSA Setup.
Using this indicator, users may also observe bullish (when price falls and volume decreases) and bearish (when price rises and volume decreases) behavior.

See the Author's instructions below to get access to this package and the accompanying documentation.
buyingclimaxsellingclimaxshakeoutspreadupthrustvolumespreadanalysisVolumeVSAvsaexpert

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 TradeGuider_VSA 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.

Author's instructions

Get access to the package here: https://www.tradeguider.com/vsa_lite.asp

Want to use this script on a chart?

Warning: please read before requesting access.

TradeGuider VSA Lite DIscord server: discord.gg/VeAvKqq3gs
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