Another VSA indi. - indicator for MetaTrader 4

Another VSA indi. – indicator MetaTrader 4

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VSA is about reading the market and mapping it out to give you a better understanding of what it might do next.

Bars info:

  • YellowGreen: We can have increasing spread and increasing volume -strong participation and price should continue in this direction.
  • Red: We can have decreasing spread and increasing volume-direction move may be losing steam.
  • Blue: We can have increasing spread and decreasing volume- price is moving without strong participation.
  • Gray: We can have decreasing spread and decreasing volume-waiting market(dull or congested)


Using MACD:




And MTF settings: VSA 15min on H1 chart.(4x15m bars in 1 H1 bar)



regards:)

Another VSA indi. – indicator MetaTrader 4
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