Volume spread analysis is a very powerful tool developed by Tom Williams. Probably considered as the father of Volume spread analysis. He is a Syndicate trader who knows well about how smart moneys are playing their role.
I have developed an Indicator with Trading View called Volume spread analysis. We in FIG strongly believe that, we cannot beat or out perform institutional traders, instead we have to travel along with them . With that in mind we follow the footprints of Smart players who leave behind trails. People who are wise enough pick the trails along with us and earn descent amount of profit.
I have designed this indicator, so that it is capable of giving signals for all the phenomenon explained in the Tom Williams book. Note The calculation of spread and volume are based on my research and analysis. To know more about me and my trading skills just follow me in trading view.
This Indicator is successful for the following phenomenon presently.
I will be giving constant updates to indicator whenever a signal becomes successful. Other indicators are under test. so kindly disable those indicators in the settings window,. after an update you can start using other phenomenons. Stay tuned. Follow us in (FIG)
respect this indicator bro... it has completed my set up.
AndrewN
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Good indicator, but could you explain what is VDD and VDU as google doesn't shows any results of these abbreviations.no demand and no supply both are crucial but are not found in this indicator, hope to get your explanations.
luchetto11
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@AndrewN, I think this could be Volume Divergence UP and Volume Divergence DOWN. When trading volume profile and orderflow there is a trade set up called delta divergence. This looks at price action compared to the net volume traded on the bid and ask level. If i.e. at a swing high the candle turns red and the volume delta is negative this is called a selling divergence. Without being able to see the script I cannot say whether this is what VDD and VDU is showing.
chrysopoetics
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@luchetto11, but would he be able to identify volume at the bid/ask level with the current capabilities of TradingView? Is there a way to do that that
I don’t know of?
dev.jbm
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Hello Hari,
How can I get this indicator?
kapilvijay
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Do you have any read me document which explains what all these messages in this indicator means... for example what does "trapped sellers" mean? Can one go long when this indication shows up?
sagarutube786382
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@kapilvijay, it means those who buy at that level got trapped and hit stopped loss
ChrisMathis
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@kapilvijay, trapped sellers implies sellers are trapped out of the money in open short positions entered at levels below the current price. Once they are stopped they are no longer trapped.
johnnysolo
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how to add this sir
tunsev
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Do you have any read me document which explains what all these messages in this indicator means... for example what does "VDD and VDU" ?. Pls