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arjfca

VSA, Tick Charts & Trend Health Evaluation

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Hello

 

I did post a similar question on Big Mike forum, but no answer yet.

 

Using a regular chart with price and volume, it is possible to evaluate the health of a trend. In an up trend, the price will go up while the volume increased and will retaliate with a volume that is slowing down. A down trend will see is volume increasing while the price is going down and volume decreasing when price retaliate to an upper level.

 

Using tick charts, how can I evaluate the health of the trend? The only thing that differentiate a volume bar to another one is the time that the bar took for the completion.

 

Any idea or input appreciated

 

Martin

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David Weis, a Wyckoff specialist, uses tick charts with

volume. He has an indicator that totals the tick volume

of each wave that forms. It is called the Weis Wave.

 

I have watched some of his webinars he did with

Gavin Holmes of tradeguider. Looks like David

prefers tick charts over time based chart to

analyze volume.

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