OPEN-SOURCE SCRIPT
VSA Pro: Fixed Trigger Lines
This script is a professional Volume Spread Analysis (VSA) tool designed to identify market exhaustion (Climactic Action) and high-probability reversals. It specifically looks for "Selling Climax" bars in a bearish trend and triggers buy signals based on three distinct institutional liquidity scenarios: Liquidity Sweeps, Double Breakouts, and Re-entries.
How it Works?
The script monitors four core VSA components to identify a Climactic Bar:
Selling Background: Price must be below the Trend EMA (default 50).
Sell Candle: A bearish (Red) candle.
Big Spread: The candle's body size must be significantly larger than the average spread.
Ultra High Volume: Volume must be substantially higher than the recent average, signaling institutional "climax" activity.
The 3 Trading Scenarios:
Once a Climactic Bar is detected, the script plots a High Trigger (Green Line) and a Low Trigger (Red Line). It then waits for one of these scenarios to confirm a Buy:
Scenario 1 (No Sweep - Double Confirmation): If the price does not touch the low trigger, the script requires a second momentum breakout above the high trigger to filter out fakeouts.
Scenario 2 (Liquidity Sweep): If the price dips below the low trigger but closes back inside (a "Stop Run"), the script triggers a BUY on the very first momentum close above the high trigger.
Scenario 3 (Re-entry): If the price breaks significantly below the low but then recovers with strong momentum to break the high trigger, it signals a powerful trend shift.
Key Features:
Dynamic Trigger Lines: Automatically plots High/Low levels of the climax bar.
Momentum Filter: Signals only appear when a green "Momentum" candle closes above the trigger level.
Fully Customizable: Adjust Volume and Spread multipliers to fit any timeframe (Best on 15m, 1H, and 4H).
Visual Alerts: Background highlights and on-chart labels for easy identification.
How to Use:
Wait for a Diamond icon (Climactic Bar) and the appearance of Green/Red lines.
Observe the price action around the Red (Low) line for sweeps.
Enter a BUY trade when the Green "BUY" Label appears.
Stop Loss: Ideally placed below the Low Trigger line.
Take Profit: Next major resistance or 1:2 Risk/Reward ratio.
How it Works?
The script monitors four core VSA components to identify a Climactic Bar:
Selling Background: Price must be below the Trend EMA (default 50).
Sell Candle: A bearish (Red) candle.
Big Spread: The candle's body size must be significantly larger than the average spread.
Ultra High Volume: Volume must be substantially higher than the recent average, signaling institutional "climax" activity.
The 3 Trading Scenarios:
Once a Climactic Bar is detected, the script plots a High Trigger (Green Line) and a Low Trigger (Red Line). It then waits for one of these scenarios to confirm a Buy:
Scenario 1 (No Sweep - Double Confirmation): If the price does not touch the low trigger, the script requires a second momentum breakout above the high trigger to filter out fakeouts.
Scenario 2 (Liquidity Sweep): If the price dips below the low trigger but closes back inside (a "Stop Run"), the script triggers a BUY on the very first momentum close above the high trigger.
Scenario 3 (Re-entry): If the price breaks significantly below the low but then recovers with strong momentum to break the high trigger, it signals a powerful trend shift.
Key Features:
Dynamic Trigger Lines: Automatically plots High/Low levels of the climax bar.
Momentum Filter: Signals only appear when a green "Momentum" candle closes above the trigger level.
Fully Customizable: Adjust Volume and Spread multipliers to fit any timeframe (Best on 15m, 1H, and 4H).
Visual Alerts: Background highlights and on-chart labels for easy identification.
How to Use:
Wait for a Diamond icon (Climactic Bar) and the appearance of Green/Red lines.
Observe the price action around the Red (Low) line for sweeps.
Enter a BUY trade when the Green "BUY" Label appears.
Stop Loss: Ideally placed below the Low Trigger line.
Take Profit: Next major resistance or 1:2 Risk/Reward ratio.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.