• Overview
  • Reviews (1)
  • Comments (5)
  • What's new

Volume Spread Analysis Indicator

Volume Spread Analysis Indicator based on the methodology VSA developed originally by Richard Wyckoff and then computerized and further developed by Tom Williams.

The Indicator work best on low TF.

General Rules


  • Arrows below a bar mean strength
  • Arrows above a bar mean weakness


  • YellowGreen, Green - signals of strength
  • Magenta, Red - signals of weakness
  • Yellow - signal of caution
  • YellowGreen is stronger signal than green 
  • Magenta is stronger signal than red
joshua Rupp
2016.03.11 05:47 

Amazing for the price. Seriously has helped me out to really understand what smart money is doing. Worth its weight in pips and gold! Use it in context with the VSA system. The expert notes on chart will help you to get an idea of what to look for with rejection and confirmation

Version 2.2 - 2014.09.30
Fixed updating bar[1].
Version 2.1 - 2014.09.24
Added Switch off template.
To switch off my template set global variable "no_template" to 1.
Version 2.0 - 2014.09.22
- Added Buying/Selling climax alert
- Fixed MAPeriod counting

Old users please update to 2.0 version!
Version 1.3 - 2014.09.05
English and Polish descriptions available for arrows.
To see description move cursor on an arrow.
To change language to Polish change indicators options.
Version 1.2 - 2014.08.27
Chart presentation improved.