mrdezinguyen

No Supply/Demand bars

mrdezinguyen Uppdaterad   
The VSA (Volume Spread Analysis) definition for No Demand and No supply is as follows:
No Demand (no buyers-potential short position):
  • The Volume within the candle formation again has to be lower than the volume of the previous 2 candles.
  • The candle has to close bullish (green body) and the next candle has to close bearish.
  • There has to be some sort of rejection (pin or wick) at the high of the candle.
  • If the candle closed at the top it would not be a no demand candle.

No Supply (no sellers-potential long position):
  • The Volume within the candle formation has to be lower than the volume of the previous 2 candles.
  • The candle has to close bearish (red body) and the next candle has to close bullish.
  • There has to be some sort of rejection (pin or wick) at the low of the candle.
  • If the candle closed at the bottom it would not be a no supply candle.

Simple indicator, to show No Supply bars and No Demand bars:
No Supply bars = No S in green color
Do Demand bars = No D in red color

If No Supply/Demand bars is Outside bars, it will shown as No S/D Outside with the same color. In special case, if it's a Engufling pairs, it's will shown as Engul Up/Down with the same color.
You can chose option Filter volumes to confirm the second bar's volume higher prev bar's volume
Versionsinformation:
Added more Merra Merra bars:
Merra Merra candlestick pair is two candlesticks with the same trend. Where the first candle is engulfed by the second candle

Added more showing options:
  • Show Outside bars
  • Show Engulfing bars
  • Show Merra Merra bars
Versionsinformation:
Updated new showing options:
  • Show labels for each type of bars
Versionsinformation:
Updated:
  • Shape pattern
  • Shape size
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