The VSA Text
The VSA Text
The indicator is base on “volume spared analysis”. It shows the vertical text to indicate
- upthrust,
- no demand bar,
- stopping volume,
- no supply bar
- reverse upthrust.
The indicator should use together with any kind of volume indicator and the support and resistance indicator.
The external input parameters
- SpreadPeriod : this is for calculating the average of spread, 20 as default
- VolumePeriod : this is for calculating the average of volume, 20 as default