Volume, Spread, and Close
Understand the three basic inputs of Volume Spread Analysis.
VSAVolumeSpreadClose
Risk notice: PipFury publishes educational content, chart analysis, and journal reviews. Nothing on this site is financial advice, investment advice, a trade signal, copy-trading instruction, or a guarantee of results. Trading involves substantial risk.
Read full risk disclosure
The three inputs
Volume shows activity. Spread shows the range of the candle. Close shows where price finished inside that range. VSA begins by reading these together, never separately.
Why the close matters
High volume with a wide spread and strong close says something different from high volume with a wide spread and weak close. The close often reveals whether effort produced meaningful progress.
Common mistake
New traders see high volume and assume strength. That is incomplete. High volume can show strength, weakness, absorption, panic, or exhaustion depending on location and result.
Practice
For each candle, write: volume level, spread size, close position, and next-candle result.