PROTECTED SOURCE SCRIPT
VSA Full Analyzer + Confirmation Coloring

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.
🔍 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.
🔍 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.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.