OPEN-SOURCE SCRIPT

Vsa Volume

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How to Use (Educational)

Spot abnormal effort: Ultra-High and High bars often coincide with key areas of effort (e.g., absorption, climaxes, shakeouts). Use the background bands to quickly see when activity is entering an elevated regime.

Pair with price action: Compare volume categories with bar spread and close location. High effort on narrow spread can suggest absorption; high effort on wide spread can suggest aggressive participation.

Context over time: Track sequences (e.g., repeated High/Ultra-High) to identify pressure building or exhaustion.

Parameter tuning: Increase smoothingPeriod to smooth noisy symbols; decrease it to make the classification more responsive.

This is a stand-alone study. It can be used with any price analysis, including VSA-style reading of spread/close, but it does not generate buy/sell/alert signals.

Settings

Smoothing Value for Average Volume (smoothingPeriod, default 14): period for the simple moving average that defines the relative scale.

Originality

The tool focuses on a clear, thresholded classification of volume using chart-relative multipliers and contextual effort bands. It is purpose-built to make abnormal volume regimes visually obvious in real time without mixing in unrelated indicators or external dependencies.

Disclaimer

For educational and analytical purposes only. This study does not provide trading signals, alerts, or financial advice. Always perform your own analysis and risk management.

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