TechViews

You have misunderstood me. I was not asking for sharing your "system". As you know trading system among other things includes, entry, placing of stoploss, trade management, exit etc. What I was asking you is to make some posts without sharing any of these aspects. That is why I explicitly stated that you need not post software codes nor is there any necessity to post realtime charts or to make realtime calls.
Hope this clarifies the matter
Thanks and regards
R. S. Iyer

You have summarised my request.

If what I have read so far about VSA is correct, VSA does make bar by bar analysis. But we should not forget that they (VSA analysts) do look in to "background". Volume in the current bar will become "background" after a few bars. That is what you are intending to say. Am I right? But price and volume are interconnected. One does attract another. It is true that the effect and implication of volume will become evident only after some time in many cases. That is why many of us fail to interpret the same. Looking in to the "background" and context are the keys here.

Just testing...posting images..

Two stock to close the longs ...

We are all mostly Novice in Volume Spread Analysis.Why dont you kndly educate us.

Sanjay & Dev,

Look at karthik's Ranbaxy chart,prior to 1st Yellow traiangle OVER the price chart there are 2 BLUE triangle & rectangale.The precceding bar of the rectangle it had huge volume
& high Range,then 2 down bars having blue rectangle & blue triangle.
Now there is Green bar with comparitively Less volune & the close of the Bar is above 50% range,that is our Up-Thurst Bar to go for short,with stop 2 points above earlier bar's high ,a high probability Short.
Karthik plz explain the chart based on VSA.

Asish

Good to have you posting again,Karthik...........welcome back!!

Hope we continue getting a flow of posts from you.

Saint

Asish

Travelling ..will be away fro a week...Surely do it after I return..

regards

Karthik

Asish

I am posting the chart with some explanation.

I have been experimenting with the volume spread analysis. Actually there is very little information available on this subject. Even Tom Williams book sort of glosses over the subject never getting into details.

After lot of frustrating search I set out on studing the charts using the little information gathered from TW book as basic tools. With help from some friends from the forum we set up some basic rules.The next step was to test these rules by translating these into afl and plotting on charts. These rules were tested extensively on live charts by again by the friends. I have to thank this great forum for providing such great friends from different part of the world. And thanks to the internet we could have a collaborative experimentation and learning process. The rules were further refined and now we have a set of rules that seem to work very well. The process of refinement and enhancement will continue.



regards

karthik

karthik,

Yes there are few good members to always Help.
The Profile helps in identifying the imp bars ?
What are the Rules you have adopted to identify the Distribution Bars.

Once again a nice educative effort from your side ,thks.

Asish

Hi Asish

A high volume upbar closing towards low would normally indicate distribution.
The bar should be with above average spread.

regards

Karthik