GreyPool VSA Volume

GreyPool VSA Volume Indicator


Color Key:

Blue = Below Average or Low Volume

Purple = Average Volume

Orange = High Volume

Red = Very High Volume


Symbol Key:

Circle = Test on Low Volume

Diamond = TrapUp or TrapDown Bar on High or Very High Volume

Star = Climactic Action Bar


Background Highlight Key:

Green Background = Last 3 bar were increasing high or very high volume including a climactic action DOWN bar or trap DOWN bar

Red Background = Last 3 bars were increasing high or very high volume including a climactic action UP bar or trap UP bar


Available Alerts:

When a Green or Red background appears

When a Climactic Action Up or Down bar appears

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Update: CA title name

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Added alert condition for "Very High Volume" (Red)

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Added alert condition for "High Volume" (Orange)

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Different timeframes require different low, high and ultra high volume levels. For example, the 5 minute timeframe's ultra high volume level is much higher than that of the 15min.

We've added the functionality to configure the volume level ratios along with the length of the average line.

Inputs added:

Low Volume Ratio
High Volume Ratio
Ultra High Volume Ratio
Average Line SMA Length