PROTECTED SOURCE SCRIPT

VSA Full Analyzer + Confirmation Coloring

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This script is a Volume Spread Analysis (VSA) tool designed to identify both strength and weakness signals in the market by analyzing volume, candle spread (high-low), and price action context. It helps traders interpret smart money activity and confirm or negate signals with the following candle.

๐Ÿ” Key Features:
Volume Analysis:

Uses a moving average (MA) and standard deviation (STD) to assess volume behavior.

Flags high/low volume bars and evaluates their spread (wide/narrow).

Price Action Context:

Evaluates whether the close is near the high, mid, or low of the bar.

Compares the current bar's volume and close to the previous 3 bars to detect trends or reversals.

Signal Detection:

Detects a variety of VSA patterns, including:

Weak Signals: No Demand, Weak Demand, No Supply, Upthrust, Reverse Upthrust, Effort to Fall, Shakeout, Hidden Selling

Strong Signals: Buying Effort, Buying Climax, Selling Climax, Stopping Volume, Test, Spring, Effort to Rise

Each signal is colored differently for visual clarity.

Confirmation & Negation:

Highlights the next candle if it confirms the signal (higher close + higher volume) or negates it (lower close + lower volume).

Confirmation = black bar
Negation = gray bar

Bar & Label Visualization:

Adds color-coded labels above or below candles with signal names.

Allows the option to disable the bar color change while keeping labels active.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.