Volume spread analysis is basically a tool to discover the correlation of price in relation to volume , in order to determine the short-term outcome of price action, in other words, where the market might be moving next.
I have developed this indicator called VSA. It tracks smart money activity and suggests the potential direction of the market.
This indicator gives signals which can be used in following ways- -> SOW- 1. Buying Climax - For Sell. 2. Upthrust - For Sell. -> SOS- 1. Selling Climax - For Buy. 2. Stopping Volume - For Buy.
I hope it helps people who use it and give them profitable results. The script will be updated regularly if there are any issues.
THANK YOU.
No Repaint No Repaint on the closed candles
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Do you want to use this Indicator . To Get access - Send me a private chat message in tradingview.com to get access or request in comment section below.
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Kindly access me to use your indicator?