SAPSAN TRADE: Spot VSA v2

Indicator Description: SAPSAN TRADE: Spot VSA v2

This indicator is designed exclusively for the cryptocurrency market.
SAPSAN TRADE: Spot VSA v2 is a Volume Spread Analysis (VSA) indicator built specifically for analyzing spot market data. It helps detect abnormal retail volume activity, identify volume spikes, and highlight potential bull and bear traps.

🔑 Key Features

Works with spot market data (auto-detects spot ticker if futures are selected).

Plots retail power as histogram bars.

Detects volume spikes based on SMA comparison.

Identifies Bull Trap 🐂 and Bear Trap 🐻 patterns after spikes.

Highlights intensity of retail volume with background shading.

Status line with intensity (%) and spike ratio values.

Fully customizable colors and transparency.

📊 Visualization

Histogram bars scale retail power by volume.

Colors distinguish rising, falling, spike, and trap conditions.

Dynamic background adapts to volume intensity.

Labels "🐂" and "🐻" mark potential traps.

🚨 Alerts

The indicator provides alerts for:

Strong retail volume spike.

Transition of retail power upward/downward.

Bull Trap 🐂 after a spike.

Bear Trap 🐻 after a spike.

Breach of a custom retail power threshold.

📌 Use Cases

Spotting retail-driven market moves.

Detecting unusual activity and possible traps.

Supporting classic VSA and Price Action strategies with spot volume data.