The NSND (No Demand No Supply) indicator is a volume spread indicator (VSA) that measures the lack of demand or lack of supply in the market, indicating an imminent reversal or change in trend. It is very similar to the leledc exhaustion bar, except that the NSND indicator incorporates volume into its analysis too.
How does it work?
The indicator predicts reversals based on volume spread analysis (VSA).
A Red arrow indicates price is moving higher, or there is a pause in the down trend.
A Yellow arrow indicates price is moving lower, or there is a pause in the uptrend.
**Note the indicator only prints once price has closed above/below the bar showing a lack of supply or demand based on volume.
I have also included an NSND alert indicator that will alert you when there is a potential weakness in supply or demand based on volume, followed by a confirmed no supply or no demand scenario when price has closed above the high/low of the bar that showed a lack of supply/demand
I usually combine the NSND indicator with a moving average and trade signals only with the trend.
Here’s a screenshot of it in action:
Download it: NSND Indicator
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