Volume Spread Analysis (VSA) is a sophisticated trading methodology that analyzes the relationship between price, spread, and volume to identify the activity of "smart money"—large institutional traders. Originally developed by Richard Wyckoff and later refined by Tom Williams, VSA moves beyond lagging indicators to read the market's internal supply and demand dynamics. Core Components of VSA
Represents the amount of activity or "effort" exerted by market participants. vsa trading strategy pdf
VSA relies on three essential data points for every price bar: Volume Spread Analysis (VSA) is a sophisticated trading