VSA Simple Dot: SV, ND, NS [EMA200 + Confirm Candle]

VSA Simple Dots (Stopping Volume, No Demand, No Supply with EMA200 Filter)

This indicator is designed for traders who are interested in applying Volume Spread Analysis (VSA) concepts in a clean and simplified way. Instead of showing complex labels or large markers, it plots small dots to highlight potential areas of interest.
📖 How to Use

Add the indicator to your chart.
You will see small colored dots plotted above or below certain candles.

Interpret the dots:

🟠 Orange Dot (Stopping Volume) → Possible exhaustion in the current move, often seen near the end of strong pushes.

🔴 Red Dot (No Demand) → Appears only below EMA200. Indicates lack of buying pressure in a bearish environment. Valid when the next candle closes bearish.

🟢 Green Dot (No Supply) → Appears only above EMA200. Indicates lack of selling pressure in a bullish environment. Valid when the next candle closes bullish.

Use the EMA200 as a trend filter:

Focus on 🔴 No Demand in downtrends (price under EMA200).

Focus on 🟢 No Supply in uptrends (price above EMA200).

Combine with your own analysis.
These dots highlight potential areas of weakness in supply or demand. They work best when combined with:

Support/resistance or supply/demand zones

Market structure (HH/HL, LH/LL)

Risk management rules

Alerts available.
You can set alerts for Stopping Volume, No Demand, and No Supply directly from the indicator settings.

⚠️ Important:
This tool does not predict the market. It simply visualizes potential signs of weakness or strength in volume and price action. Always backtest, validate, and manage risk carefully.