(VIP) VSA Scanner v2
All major signals from VSA have been added like Stopping Volume, Climaxes, End of Rising Market, Bag Holding etc.
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- Corrected and updated definitions of signals accordingly to the most recent rules of VSA methodology
- Optimised performance of calculations
- Added new VSA Signals
- Bugfixes
- corrected few signals definition and classification in SOW
- adjusted alerts to reflect the newest bugfixes
- new function - Volume-based S/R levels
- added display of EMA200
- Added option to display auto-adaptive Hull Moving Average based on Range or Volume present on the market
There are four categories of signals now marked as below:
- Cross and Diamond - major signals predicting possible trend reversal
- Circle - Signals of Weakness/Strength
- Triangle - Tests from VSA methodology
- Flag - is displaying signals when Supply/Demand Zone were broken
Ideal scenario would be to get firsty Cross or Diamond Signal, then Circle and Triangle - but it's not always happening. It's individual judgement of trader what makes a difference and can turn signals from VSA Scanner into profitable trade.
There are also drawn Supply (orange) and Demand Zones (blue).
Scanner is not displaying all Wyckoff's nor VSA signals in order to simplify things but I tried to reflect as much as possible in it - that's why we have also Strength and Weakness Signals or Confirmations being displayed on chart.
Bullish - Green, Blue, Purple
Bearish - Red, Orange, Yellow
Also I've added logic to limit double signals per bars, introducing priority of signals policy and display more important signal per bar in case of multiple signals identified by algo
- corrected definitions of signals from VSA & Wyckoff methodology, improved accuracy
- added functionality of display Ultra Zones, extremely accurate in trading in case of retests/breakthroughs
- Alerts added
- Adjusted signals accuracy, corrections in definitions
- Bugfixes
- added alternative method of trend calculation (recommended and enabled by default)
- ultra volume zones are more accurate than even before! Now they're combined strictly with Climactic VSA Signals and Ultra high Volume Levels (you still have possibility to enable display of all volume zones based on vsa)
- alerts added
- simplification of signals display - now it's either BUY or SELL in default mode
- code migration to Pine v5
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Author's instructions
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Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact skyline-trader directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.