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VSA Simplified (Volume Spread Analysis)

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This indicator implements a simplified version of Volume Spread Analysis (VSA) to help traders identify key volume-based signals used by professional market participants.

It detects classic VSA patterns such as:

Climactic Volume: unusually high volume with wide price spread indicating potential buying/selling climax

No Demand / No Supply: low volume and small spreads signaling lack of interest or exhaustion

Stopping Volume: high volume with long wicks and neutral closes showing absorption or rejection

The indicator plots distinct shapes on the chart to highlight these conditions, assisting traders to read market intent and potential turning points.

Best used alongside market structure and support/resistance zones for confluence.

Feragatname

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