Detects bullish and bearish divergences based on volume and price movements. 📊🔍
Identifies bullish and bearish convergences, signaling potential trend continuations or reversals. 🔄📉
Customizable parameters for period length, volume SMA period, and outlier reduction factor. ⚙️🔧
Visual highlights for detected effects, with color-coded boxes and labels. 🟩🟥
Provides alerts for divergences and convergences, keeping you updated on market conditions. 🔔📬
� Introduction to Volume Spread Analysis (VSA):
Volume Spread Analysis is a method used to interpret the relationship between volume and price to identify the intentions of market participants. By analyzing the spread (range) of a price bar and its corresponding volume, VSA helps traders discern market strength and potential reversals.
In VSA, harmony occurs when price and volume move in sync, such as when increasing prices(aka