VSA Pro: Fixed Trigger LinesThis script is a professional Volume Spread Analysis (VSA) tool designed to identify market exhaustion (Climactic Action) and high-probability reversals. It specifically looks for "Selling Climax" bars in a bearish trend and triggers buy signals based on three distinct institutional liquidity scenarios: Liquidity Sweeps, Double Breakouts, and Re-entries.
How it Works?
The script monitors four core VSA components to identify a Climactic Bar:
Selling Background: Price must be below the Trend EMA (default 50).
Sell Candle: A bearish (Red) candle.
Big Spread: The candle's body size must be significantly larger than the average spread.
Ultra High Volume: Volume must be substantially higher than the recent average, signaling institutional "climax" activity.
The 3 Trading Scenarios:
Once a Climactic Bar is detected, the script plots a High Trigger (Green Line) and a Low Trigger (Red Line). It then waits for one of these scenarios to confirm a Buy:
Scenario 1 (No Sweep - Double Confirmation): If the price does not touch the low trigger, the script requires a second momentum breakout above the high trigger to filter out fakeouts.
Scenario 2 (Liquidity Sweep): If the price dips below the low trigger but closes back inside (a "Stop Run"), the script triggers a BUY on the very first momentum close above the high trigger.
Scenario 3 (Re-entry): If the price breaks significantly below the low but then recovers with strong momentum to break the high trigger, it signals a powerful trend shift.
Key Features:
Dynamic Trigger Lines: Automatically plots High/Low levels of the climax bar.
Momentum Filter: Signals only appear when a green "Momentum" candle closes above the trigger level.
Fully Customizable: Adjust Volume and Spread multipliers to fit any timeframe (Best on 15m, 1H, and 4H).
Visual Alerts: Background highlights and on-chart labels for easy identification.
How to Use:
Wait for a Diamond icon (Climactic Bar) and the appearance of Green/Red lines.
Observe the price action around the Red (Low) line for sweeps.
Enter a BUY trade when the Green "BUY" Label appears.
Stop Loss: Ideally placed below the Low Trigger line.
Take Profit: Next major resistance or 1:2 Risk/Reward ratio.
Pine Script® indicator
