VSA Software
Using high volume spikes for trade identification
VSA or high volume spike analysis involves looking for a high volume spike that has breached an important high or low. We then look for an MTPredictor coloured reversal bar at DP (Decision Point™) support or resistance for the trade entry. Oscillator divergence at the set-up is a bonus.
Here is a great example on the 3min TF (US E-mini Russell 2000 index future):
Here we have the Russell index make new highs on a wide range day with a high volume VSA bar. The next bar was a red (sell) bar that unfolded right at DP resistance. This was perfect MTPredictor VSA trade setup.
Okay, let's see how the setup unfolded:
As you can see, this nailed the high of the day as the Russell declined sharply into the close for an approximate +8R profit.
If you would like more information, please see these two Help Videos, showing how easy it is to find these set-ups in MTPredictor
"Hi Steve I have to say that your website is probably the best (and the most responsible) trading vendor’s website I’ve seen when it comes to the information you put forward. "
"I've never been so successful before with my trading. I am up 82% in the last 6 weeks !"
"Steve: Over my dead and dying body, could you ever take this software out my hands. I have paid for my software both EOD and RT, in my first month. I truly think my eternal search is now over. I have found the holy grail"