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No Supply No Demand (NSND) – Volume Spread Analysis Tool

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This indicator is designed for traders utilizing Volume Spread Analysis (VSA) techniques. It automatically detects potential No Demand (ND) and No Supply (NS) candles based on volume and price behavior, and confirms them using future price action within a user-defined number of lookahead bars.

Confirmed No Demand (ND): Detected when a bullish candle has volume lower than the previous two bars and is followed by weakness (next highs swept, close below).

Confirmed No Supply (NS): Detected when a bearish candle has volume lower than the previous two bars and is followed by strength (next lows swept, close above).

Adjustable lookahead bars parameter to control the confirmation window.


This tool helps identify potential distribution (ND) and accumulation (NS) areas, providing early signs of market turning points based on professional volume logic. The dot appears next to ND or NS.

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