VSA Candle Color
- Indicatori
-
Thanh Tuan Nguyen
I'm an independent trader and developer passionate about Price Action, Wyckoff, and Volume Spread Analysis (VSA).
I build practical trading tools to simplify chart analysis and support better trading decisions. - Versione: 1.0
- Attivazioni: 5
Instantly spot abnormal volume candles on your chart. Ultra High candles turn purple, Very High candles turn gold — so you never miss a Smart Money move again.
The problem most traders face:
You watch price action carefully, but volume spikes happen fast. By the time you glance down at the volume panel, cross-reference the candle, and decide — the move is already over. You second-guess entries, miss confirmation, and act too late.
What VSA Candle Color does:
This indicator paints candles directly on your MT5 chart the moment abnormal volume is detected — no need to look away from price action.
Using Wilder's Moving Average (RMA) on tick volume:
- 🟣 Purple candle = Ultra High volume (≥ 2.2× average) — Smart Money at full force
- 🟡 Gold candle = Very High volume (≥ 1.8× average) — Strong institutional interest
Normal candles remain unchanged, so your chart stays clean.
Who is this for:
Scalpers, intraday traders, and VSA/Wyckoff practitioners on MT5 who need to identify Smart Money activity instantly — without switching windows or losing focus on price.
Key benefits:
- React in real time — colored candles appear the moment the bar closes
- Works on any symbol and any timeframe
- Fully customizable: adjust MA period and both volume thresholds to fit your instrument and style
- Clean chart — only abnormal candles are highlighted, nothing else
Settings:
- MA_Period (default 20) — lookback for average volume calculation
- Ratio_Ultra (default 2.2) — threshold multiplier for purple candles
- Ratio_VeryHigh (default 1.8) — threshold multiplier for gold candles
→ For traders who want to see volume strength as a histogram alongside this candle highlighting, check out VSA Color Volume — another tool in the VSA series from MR.CONNECT.
--------
When you learn to use this indicator effectively, you will feel more in sync with the market — entering at better moments and improving your win rate over time.
However, this is not a Holy Grail. You must always respect the probabilistic nature of the market and manage your risk with discipline.
When all of these elements come together, we believe you will become a consistently profitable trader. Good luck and trade well.
