Volume Price Spread Analysis
With the same idea of the VSA i make the VPSA to make synthetic graph of the price and the volume effect, its easy to see the volume trends. Each instrument have a more clear time frame to see the volume patterns.
Can use others indicators over the VPSA, only write in CAPITAL letters open, high, low, close or hl2 at inputs section.
Can use others indicators over the VPSA, only write in CAPITAL letters open, high, low, close or hl2 at inputs section.
//@version=2
study("Volume Price Spread Analysis 1", shorttitle="VPSA")
//Volume Spread Analysis
//Analisis de propagacion en Volumen
// devicemxl --> TradingView Site
/// Values
volumex=log(volume)//*(close>close[1] ? 1 : -1)
V_CLOSE = V_CLOSE[1] > 1 ? ( (close*volumex) + (high*volumex) + (low*volumex) + V_CLOSE[1] ) *0.25 : ( (close*volumex) + (high*volumex) + (low*volumex) + (((close[1]*volumex[1])+(open*volumex))*0.5) ) *0.25
V_OPEN = (V_CLOSE[1]+(open*volumex))*0.5
V_HIGH = max(max(high*volumex,V_CLOSE),V_OPEN)
V_LOW = min(min(low*volumex,V_OPEN),V_CLOSE)
V_HL2 = ( V_HIGH + V_LOW ) / 2
senial=input(defval="HL2",title="Signal",type=string)
ploter = ( senial == "CLOSE" ) ? V_CLOSE : ( senial == "OPEN" ) ? V_OPEN : ( senial == "HL2" ) ? V_HL2 : ( senial == "HIGH" ) ? V_HIGH : ( senial == "LOW" ) ? V_LOW : 0
signal = plot(ploter, color=silver, style=circles)
plotcandle(V_OPEN, V_HIGH, V_LOW, V_CLOSE, title='VSA', color = V_OPEN < V_CLOSE ? silver : red, wickcolor=black)