TradeGuider VSA Relative VolumeThe TradeGuider VSA Lite package is designed for those traders who want to trade in harmony with the professionals (‘smart money’) and is based on Tom Williams’ Volume Spread Analysis methodology ( VSA ). It works in any market and any time frame. The trader can use it as a standalone toolkit to support their trading decisions, or in conjunction with other trading tools to obtain additional confirmations.
The package consists of two parts:
TradeGuider VSA Lite indicator
TradeGuider Relative Volume indicator
Together with the TradeGuider VSA Lite indicator, the TradeGuider VSA Relative Volume indicator helps to determine the interaction between supply and demand as well as assisting traders in their trading decisions. In the VSA methodology all analysis is based on Relative Volume . This means that the exact values of the volume on the price bars are not nearly as important as their volume in relation to the previous volume bars. The following classifications of Relative Volume are used in VSA:
Ultra High Volume
Very High Volume
High Volume
Average Volume
Low Volume
Very Low Volume
Users can easily see how any volume bar is classified by observing which color band in the volume indicator is reached by the top of any given volume bar.
Price bars where the volume is Ultra High very often begin the VSA Setup, while price bars on Low or Very Low Volume can be the confirmation and end the VSA Setup.
Using this indicator, users may also observe bullish (when price falls and volume decreases) and bearish (when price rises and volume decreases) behavior.
See the Author's instructions below to get access to this package and the accompanying documentation.
Sellingclimax
TradeGuider VSA LiteThe TradeGuider VSA Lite package is designed for those traders who want to trade in harmony with the professionals (‘smart money’) and is based on Tom Williams’ Volume Spread Analysis methodology (VSA). It works in any market and any time frame. The trader can use it as a standalone toolkit to support their trading decisions, or in conjunction with other trading tools to obtain additional confirmations.
The package consists of two parts:
TradeGuider VSA Lite indicator
TradeGuider Relative Volume indicator
The TradeGuider VSA Lite indicator provides information about the imbalance between supply and demand on the price charts via VSA principles. The VSA principles introduced in this indicator can be divided into two groups: Signs of Strength (SOS) and Signs of Weakness (SOW). The following six VSA principles are implemented:
SOSs: Potential Professional Buying (PB), Shakeout (SO), Test (TE)
SOWs: Potential Professional Selling (PS), Upthrust (UT), No Demand (ND)
VSA principles ARE NOT BUY and SELL SIGNALS on their own, but in combination may create VSA Setups to the long and short sides which are used in the VSA methodology to identify low-risk entries into, and optimal exits from, a trade.
A potential VSA Setup to the long side means that strength is presented on that particular chart at the current moment and the following conditions are present:
Potential Professional Buying (PB) is found in the background.
The price has risen above the high of the Potential Professional Buying (PB).
The price behavior has changed to the upside (the Short Term Trending Tool is changing color from red to gray or green).
The confirmation (a Test) is identified.
With a VSA Setup to the long side and strength on higher time frames, the price very often moves higher and the user may trade it.
A potential VSA Setup to the short side means that weakness is presented on that particular chart at the current moment and the following conditions are present:
Potential Professional Selling (PS) is found in the background.
The price has moved below the low of the Potential Professional Selling (PS).
The price behavior has changed to the downside (the Short Term Trending Tool is changing color from green to gray or red).
The confirmation (a No Demand) is identified.
With a VSA Setup to the short side and weakness on higher time frames, the price very often moves lower and the user may trade it.
The TradeGuider VSA Lite indicator is equipped with alerts which, when set, inform users of VSA Setups as they appear.
See the Author's instructions below to get access to this package and the accompanying documentation.
DISCLAIMER: The TradeGuider VSA Lite package is developed for educational purposes only. None of the content including the alerts should be considered as financial or investment advice. Investments are always made at your own risk and are based on your personal evaluations. We cannot be held responsible for any losses you may have. Please trade sensibly and carefully and only when you have a clear understanding of what is happening in the markets.
Volume Spread Analysis Indicators [Volume Trader]This indicator is based on Volume and Price spread analysis developed by tom williams.
It shows following indicators based on price range and volume data
Bearish Indicators
1. Buying climax
2. End of Rising Market
3. Upthrust
4. Smart selling
5. No Demand
6. VDD
Bullish Indicators
1. Selling Climax
2. End of falling
3. Stop Volume
4. Reverse Upthrust
5. Shakeout
6. VDU
6. No supply