Volume Spread Analysis (VSA)

Reading Smart Money Through Volume, Spread, and Close

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Introduction & History

Most traders stare at price and wonder, "Where is this going?" They draw lines, add indicators, and hope for the best. Volume Spread Analysis offers something fundamentally different: instead of asking where price is going, it asks who is driving it - and what they are doing right now.

VSA is the art and science of reading the footprints of smart money through three simple variables: volume, price spread, and closing position. Every bar on your chart contains a story. The volume tells you how much activity occurred. The spread tells you how much ground price covered. The close tells you who won the battle - buyers or sellers. When you learn to read all three together, you can see what the institutions are doing before the move happens.

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