So Traders now here i am going to share new and modified version of VSA No Demand and Supply Indicator . The VSA No Demand and Supply indicator is a volume spread analysis indicator (VSA) that measures the lack of demand or lack of supply in the market, indicating an imminent reversal or change in trend.
Our Previous Version miss many No demand No supply bars . So We Update Now Through this Version you will never ever miss No demand No supply bars .
In order to make this more Accurate and efficient i also create Alert indicator for this purpose .
So Apply Both Indicators on Chart . Alert System will give you Prior Signal Before Current Candle Close and After Current Candle Close it Confirm Signal .
Now this version connect with Volume , Bull and Bear MT4 Indicators and On Balance Volume .
The indicator predicts reversals based on volume spread analysis (VSA).
A Blue or light Blue arrow indicates price is moving higher, or there is a pause in the down trend.
A Red or Orange arrow indicates price is moving lower, or there is a pause in the uptrend.
**Note the indicator only prints once price has closed above/below the bar showing a lack of supply or demand based on volume.
I usually combine this with Pivot S/R indicator , Moving average and RSI.
Here’s a screenshot of it in action: