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- Bars to scan: Amount of bars to calculate demand and supply pattern.
- Here is the complete description of input settings. However, you might want to change some inputs for your specific needs. Most of time you can use default setting for this volume Spread Indicator. This is simpler and more effective approach. Instead, we focus on identifying accumulation and distribution area using demand and supply patterns. We do not use sub phase A, B, C, D and E of Wyckoff phases due to the high subjectivity in detecting them. Trading principle is based on the modified volume spread analysis. In overall this is easy and simple indicator to support your trading operation. Therefore, these patterns are useful in detecting possible demand zone (=accumulation area) or supply zone (=distribution area). The effect of buy and sell market may come after observing several of these patterns sometimes. These are the underlying patterns rather than direct price action. Supply pattern indicates generally potential selling opportunity. Demand pattern indicates generally potential buying opportunity. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). The patterns include demand and supply patterns. This indicator detects volume spread patterns for buy and sell opportunity.
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