The Volume Spread Analysis indicator is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool we’ve ever made.
It is a really powerful analytical tool that generates very reliable trading signals. Because it is very user-friendly and understandable, it is suitable for every type of trader, regardless of his experience.
VSA – Volume Spread Analysis is a form of technical analysis which attempts to look into price action in relation to volume. This is a proven method for analyzing financial markets.
The approach works in all markets because the VSA evaluates the imbalance between supply and demand, which is constantly emerging.
More information can be found at this site: http://www.volumespreadanalysis.com/
The Volume Spread Analysis indicator shows 28 patterns that are divided into two groups. Signs of Weakness [SOW] and Signs of Strength [SOS].