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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.