Volume spread analysis is a new way of looking at the market. It is more like the candlestick analysis taking into consideration the volume. However, not all the candle stick rules apply here. The basic premise behind the volume spread analysis is that the market is basically moved by the Smart Money.
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Of course the usual prolonged testing has not been done yet. For the version 1. He was the one who introduced me to VSA. It is the right time to acknowledge his contribution to the VPA. Anyways I am releasing the version 3. Let us look at the various changes as below Code: The code itself had undergone a big change. Now it is more organized and easily understandable. Also the formula for each condition have been studied and updated.
Background color choice: There is option to select the background color. There is option to have two different colors for the upper and lower parts of the pane providing a gradient colors. Trend Analysis: One of the major changes is the way the trend evaluation is done.
In the earlier version trend evaluation was done using Linear Regression Slope. This method is much more accurate compared to the earlier one. The AFL has some parameter variables and if one is not sure about the Random Walk Index it is better to leave the parameters at default values.
The RWI index and trend analysis deserves a separate dedicated post which I will do later. The method is selectable from the parameter window. Maximum of 20 lines can be plotted.
One can also adjust the sensitivity for the selecting the support and resistance lines. All the selection can be performed from the parameter window. Also commentary is provided about the support and resistance lines. Messages are displayed as the price approaches a support or resistance lines. Also messages are displayed when the price cross a support or resistance line. One can plot up to 20 lines. All the adjustments and selection are done from the Parameter window.
The Parameter setting window.
Volume Spread Analysis Karthik Marar
Nebar Also these were used to identify the intermediate Tops and Bottoms and the possibility of reversal. Thank you for interesting in our services. The problem is that the congestion areas are seen in both Accumulation as well as Distribution areas. This area shows a failed test and no demand bars indicating a general weakness.
KARTHIK MARAR PDF
Experiments in Technical Analysis