Volume Trend Analysis Change to Weakness on ETHUSD Hourly
Updated
We just got the alert last bar (Love that about Trading View) You can see the latest indication of weakness to enter short on the VTA which performs fairly complex Volume Trend Analysis and distills it down to a simple icon in real time. The chart example shows recent moves on ETHUSD but works on any chart, it's based purely on volume and price so the underlying instrument doesn't really matter in terms of it's analysis.
It is Friday and I don't actually trade the weekend so take this idea with a bit of caution. Targets are close enough but underlying Volume Analysis still shows strength (The coloured bars on our chart) in the form of a selling climax (Strength) seven hours back (The Aqua blue bar is a strength indication)
Entry (Weakness): 279.85 (Volume Trend Analysis Change To Weakness)
Upper Stall Point: 280.78 (Based on our Market Levels Indicator)
Lower Stall Point: (Target #1) 277.19 (Target #2) 276.50 (Based on our Logical Market Levels Indicator)
Target LML: 271.44 A 3% gain(Based on our Logical Market Levels Indicator)
The levels above are base on our Logical Market Levels Indicator. On the chart they are hidden and I am unsure why but they are accurate and I will update as they are hit.
The systems we use to trade are detailed below and all of them are available on Trading View if you are interested:
Our "Logical Volume Spread Analysis" is a vast improvement on ‘standard’ volume spread analysis. Based on 15+ year combined experience with Smart Volume Spread Analysis software which combines fundamental analysis , technical analysis , and volume price analysis into a powerful methodology that enables you to trade the markets in a way that is uniquely accurate. We have refined the analysis systems and algorithms from our core systems to provide the most powerful Volume Spread Analysis indicator on TradingView.
Our "Logical Trade Levels" (Targets and Stall Points) indicator is a simple but powerful version of support and resistance . We do a fair bit a behind the scenes algorithmic magic but essentially these levels act as very strong support and resistance for entries and also targets. Many of our previously published ideas use these levels to determine likely stall points for our entries as well as best targets up and down. You can see from those published levels how easily you know where price will likely stall out or needs to move through.
The *Volume Trend Advisor* (The red and green indications on the chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength/Long and the Red icon = Weakness/Short.
The complete set of indicator is available on Trading View for a limited time. If you have any questions regarding this fairly simple and accurate method of volume analysis, please visit our website at signaltosignal.com to learn more.
It is Friday and I don't actually trade the weekend so take this idea with a bit of caution. Targets are close enough but underlying Volume Analysis still shows strength (The coloured bars on our chart) in the form of a selling climax (Strength) seven hours back (The Aqua blue bar is a strength indication)
Entry (Weakness): 279.85 (Volume Trend Analysis Change To Weakness)
Upper Stall Point: 280.78 (Based on our Market Levels Indicator)
Lower Stall Point: (Target #1) 277.19 (Target #2) 276.50 (Based on our Logical Market Levels Indicator)
Target LML: 271.44 A 3% gain(Based on our Logical Market Levels Indicator)
The levels above are base on our Logical Market Levels Indicator. On the chart they are hidden and I am unsure why but they are accurate and I will update as they are hit.
The systems we use to trade are detailed below and all of them are available on Trading View if you are interested:
Our "Logical Volume Spread Analysis" is a vast improvement on ‘standard’ volume spread analysis. Based on 15+ year combined experience with Smart Volume Spread Analysis software which combines fundamental analysis , technical analysis , and volume price analysis into a powerful methodology that enables you to trade the markets in a way that is uniquely accurate. We have refined the analysis systems and algorithms from our core systems to provide the most powerful Volume Spread Analysis indicator on TradingView.
Our "Logical Trade Levels" (Targets and Stall Points) indicator is a simple but powerful version of support and resistance . We do a fair bit a behind the scenes algorithmic magic but essentially these levels act as very strong support and resistance for entries and also targets. Many of our previously published ideas use these levels to determine likely stall points for our entries as well as best targets up and down. You can see from those published levels how easily you know where price will likely stall out or needs to move through.
The *Volume Trend Advisor* (The red and green indications on the chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength/Long and the Red icon = Weakness/Short.
The complete set of indicator is available on Trading View for a limited time. If you have any questions regarding this fairly simple and accurate method of volume analysis, please visit our website at signaltosignal.com to learn more.
Trade closed: target reached
Sorry for the late update. You can see it hit the target pretty easily and remains weak.
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