carlosevangelista
8 posts
msg #159760
- Ignore carlosevangelista |
11/7/2022 6:51:42 PM
Guys,
After studying VSA and identifying your importance I believe that two items basic are to start:
My idea is to work with the community, build a simple screener, and let here to that trades use.
VSA BASIC CONCEPTS
1 - NO DEMAND ON UP BAR - If the market rises with contracting spread and volume, the market is not showing demand. Without demand, it is not likely to continue rising.
How to find “No Demand” bars:
The price closed higher than the previous bar.
Volume is lower than in the past two bars.
Spreads (Range) are narrow.
2 - NO SELLING PRESSURE ON DOWN BAR
If the market falls with decreasing spread and volume, the market is not interested in selling. Thus, it is not likely that the market will continue to fall.
How to find “No Selling Pressure” bars:
The price closed lower than the previous bar.
Volume is lower than the past two bars.
Spreads (Range) are narrow.
Thanks, everyone for all your help!
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