No Supply/Demand bars

3 Jul 2022

The VSA (Volume Spread Analysis) definition for No Demand and No supply is as follows:
No Demand (no buyers-potential short position):

• The Volume within the candle formation again has to be lower than the volume of the previous 2 candles.
  
• The candle has to close bullish (green body) and the next candle has to close bearish.
  
• There has to be some sort of rejection (pin or wick) at the high of the candle.
  
• If the candle closed at the top it would not be a no demand candle.
  

No Supply (no sellers-potential long position):

• The Volume within the candle formation has to be lower than the volume of the previous 2 candles.
  
• The candle has to close bearish (red body) and the next candle has to close bullish.
  
• There has to be some sort of rejection (pin or wick) at the low of the candle.
  
• If the candle closed at the bottom it would not be a no supply candle.
  

Simple indicator, to show No Supply bars and No Demand bars:
No Supply bars = No S in green color
Do Demand bars = No D in red color

If No Supply/Demand bars is Outside bars, it will shown as No S/D Outside with the same color. In special case, if it's a Engufling pairs, it's will shown as Engul Up/Down with the same color.
You can chose option Filter volumes to confirm the second bar's volume higher prev bar's volume

4 Jul 2022

Catatan Rilis

Added more Merra Merra bars:
Merra Merra candlestick pair is two candlesticks with the same trend. Where the first candle is engulfed by the second candle

Added more showing options:

• Show Outside bars
  
• Show Engulfing bars
  
• Show Merra Merra bars
  

4 Jul 2022

Catatan Rilis

Updated new showing options:

• Show labels for each type of bars
  

4 Jul 2022

Catatan Rilis

Updated:

• Shape pattern
  
• Shape size