EASY Volume Spread Analisis
In this case, spread refers not to the difference between the ask and bid prices, but to the range of candle from High to Low. When reading analytics at specialized forums, you can very often find phrases like a "short candle – a false alarm", or "the price is too smeared, it is reasonable not to open a deal". These are not subjective opinions, but the conclusions based on VSA.
This indicator is simplified.
The white bars indicate the power of the buyers and we should go shopping.
The Red bars indicate strong selling and this can be seen at the start or end of a major trend.
The gray color is omitted from this analysis.
This indicator is great for showing where accumulation and distribution is.