VSA Scanner

09/06/2022
Posted in Software
09/06/2022 Yorgwarez

VSA Scanner

The automatic scanner of Volume Spread Analysis signals combined with Wyckoff methodology. It consists of Climactic signals, Signals Of Weakness (SOW)/Strength (SOS), and Tests confirming earlier signs. It contains an additionally automatic draw of Supply and Demand Zones, Automatic Moving Average (based on Volatility or Volume) that adapts its length accordingly to the current situation in the market.- the script draws only key volume zones by default. In Settings, you can enable drawing more demand and supply zones, although I prefer to set only key zones visibility by default. The script analyzes and shows the critical demand and supply signals: demand signals are below the candle and supply signals above the candle.

There are four categories of signals now marked as below:

  • Cross and Diamond – significant signals predicting possible trend reversal
  • Circle – Signals of Weakness/Strength
  • Triangle – Tests from VSA methodology
  • Flag – is displaying signs when Supply/Demand Zone was broken

The ideal scenario would be:

  1. Cross or Diamond
  2. Circle
  3. Triangle

However, such a combination is not always happening. The individual judgement of traders makes a difference and can turn signals from VSA Scanner into a profitable trade. I recommend strongly (and that’s how I play it) to find alignment with Gamma Levels, which would significantly increase the chances for thriving businesses.

 

VSA Abbreviations printed on the chart by software:

Major signals:

TR – Top Reversal

BR – Bottom Reversal

SCI – Supply Coming In

STOP – Stopping Volume

BCLX – Buying Climax

SCLX – Selling Climax

EOR – End of Rising Market

BGH – Bag Holding

CLIMACT – Climactic action identified (my own signal definition)

VOL ALP – Volume Alpha Factor (my own signal definition for identifying a lot of transactions in a relatively short period, aka High Density of Transactions)

WEAKNESS / STRENGTH – those are my own signals for identifying High Effort moves accordingly to the theory “Work vs Effort.”

U – Upthrust

SH – Shakeout

 

Signals of tests:

TS – Test

ND – No Demand

NS – No Supply

CONF – my own signal for confirmation of Supply/Demand (but valid only after having one compatible signal earlier from “Major Group”)

Yorgwarez

Intraday Trader, trading mainly on Dax, S&P500 and Gold. Passionate of new technologies and ex-developer. Currently creating software after hours in order to improve Trading and perform automatic analysis on as big scale as possible. Not trying to predict future, however always having plan and possible scenarios to play.
Intelligent.
Solutions.
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