Volume Ticks ResSup Demo

Price in the market move operators with extensive capital. Understand the major players intent can only be tracking their actions in terms of concentration on one level or another. Indicator Volume Ticks ResSup draws level at which the maximum concentration was formed tick volume from the beginning of the day. More often than not, in the future this level serves the true level of support or resistance.

This version only works on a demo account currency pair EURUSD. Full version indicator.

Options

• ColorLevelSupport - the color of the support lines;


• ColorLevelResistance - color lines of resistance;


• BarsDayCount - number of days display indicator.

The indicator can be useful if a trader familiar with the basics of VSA (volume spread analysis). VSA to present here in full is hardly appropriate. I point out the two main points.

1. If the level appears at the end of a trend - a major player closes their position. We close the position with the trend and look for confirming signals a trend reversal. These may be signals RriceActions, 1-2-3 pattern or a reverse pulse (to whom as convenient).


2. If the level appears on the breakdown of the flat - market maker price aggressively moves towards breakdown. moment of entry into the market is best determined on the M5 period. I use a pulse signal evaluation method so as not to fall for false breakouts and assess the strength of the trend.

If you can not find the confirming signals to enter a position, it is better to stay out of the market. Indicator Volume Ticks ResSup is a good helper in the assessment of the market situation.