TradeGuider VSA Lite

21 sept. 2021

The 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.

8 sept. 2022

Notes de version

Upgrade 1:
- Added parameter to change the size of Short Term Trend circles (diamonds)
- Added possibility to block alerts in specific direction (long or short)
- Correction of minor errors