VSA - WSD Histogram
The indicator is designed to find divergence between volume and price. It processes tick volume data and shows the analysis value on a color chart. In addition to volumes VSA - WSD Histogram can find support and resistance levels, which are calculated based on supply and demand values and candlestick range. On the indicator histogram for each bar, the spread is the difference between the high and low of the bar and marked with white.
View of the indicator on the chart:
To add and customize this indicator, you need to open the Indicator Settings Window.
Panel - the choice of the indicator location on the chart:
- New panel
Show zero values - display zero values.
Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.
Visual type - visual setting of the indicator display on the graph:
- Up arrow
- Down arrow
- Axis label
Line style - setting up the type of line display:
- Dash - dot
- Dash - dot - dot
Width - setting the thickness of the indicator line.
For items UpperWick, LowerWick, AvgVolume, DotsBuy, DotsSell, DotsNeutral settings are similar.
Period - set period value.
Show description of indicator
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