Description
An advanced, multi-mode volume indicator with three distinct analysis modes. Instantly switch between them to match your trading style.
Mode 1: Fixed Ratios
Categorizes volume by comparing it to its moving average multiplied by fixed, user-defined ratios (e.g., 2,0x for "High").
Best for: Traders who prefer manual control and fixed thresholds.
Mode 2: Standard Deviation (Adaptive)
This mode automatically adjusts to market volatility. It categorizes volume based on how many standard deviations it is away from the mean (moving average).
Best for: An adaptive tool that works "out of the box" on any instrument or timeframe.
Mode 3: True VSA (Contextual)
The classic, professional approach. This mode analyzes the context of the bar by combining Volume + Spread (Range) + Close Position to identify key signals.
Summary
1. Fixed Ratios mode categorizes volume by comparing it to a moving average multiplied by user-defined fixed ratios, providing manual control over volume thresholds.
2. Standard Deviation mode adapts automatically to market volatility by classifying volume based on its deviation from the moving average, suitable for use across various instruments and timeframes without manual adjustment.
3. True VSA (Contextual) mode applies a professional volume spread analysis by evaluating volume in conjunction with bar range and close position to identify key market signals.
This multi-mode indicator supports a wide range of markets including Forex, cryptocurrencies (e.g., BTCUSD, ETH), commodities (e.g., gold, oil), indices (e.g., NAS100, SP500), and stocks. It enables traders to switch instantly between modes to align with their preferred analysis style and trading strategy.
Discussion
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