In it's basic form VSA or VPA looks for any anomalies between price movement (spread) and volume - I think it was you a while back that questioned an increase in price not backed up by much volume - if it wasn't such an aggressive thread I would have taken the time to answer you.
So you've touched on the basic - price movement without correlating volume is anomalous and should be examined. The finer part is looking at volume and price moves not only within the body of a bar but the wicks as well and the behaviour of the preceeding and following bars. This approach defines exactly the amount of demand and supply present at a particular time. Which are the only two things a trader or investor has to have knowledge of to make sensible decisions..
Two of the popular proponents were the late Tom Williams and presently Anna Coulling.
New TA/Charting, page-6529
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Last
79.0¢ |
Change
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Mkt cap ! $1.915B |
Open | High | Low | Value | Volume |
81.0¢ | 82.0¢ | 78.5¢ | $11.44M | 14.36M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 342418 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 102506 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 342418 | 0.790 |
20 | 444603 | 0.785 |
27 | 469145 | 0.780 |
11 | 148488 | 0.775 |
18 | 96768 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 102506 | 9 |
0.800 | 160126 | 10 |
0.805 | 113260 | 8 |
0.810 | 103219 | 7 |
0.815 | 211349 | 3 |
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