Hello fellow traders,
I'm currently learning Volume Spread Analysis by Richard Wyckoff, I think it gives great insight to this market.
in VSA there's a No Demand or No Supply (NDNS) concept, which is a candle with very low volume and often a very short candle
I'm looking for an indicator which mark the NDNS candle, I have look around the internet but did not found anything satisfactory
The idea is simple the indicator should mark the candle in any color if:
1. The candle is shorter than x pips (x can be set in the setting)
2. The candle volume is below x pips (x can be set in the setting)
3. Setting that number 1 and 2 can be set in both must be fulfilled or number 1 only is fulfilled or number 2 only is fulfilled
can anyone please point me to the relevant indicator, I need to observe this NDNS stuff to better learn VSA,
thank you very much in advance
I'm currently learning Volume Spread Analysis by Richard Wyckoff, I think it gives great insight to this market.
in VSA there's a No Demand or No Supply (NDNS) concept, which is a candle with very low volume and often a very short candle
I'm looking for an indicator which mark the NDNS candle, I have look around the internet but did not found anything satisfactory
The idea is simple the indicator should mark the candle in any color if:
1. The candle is shorter than x pips (x can be set in the setting)
2. The candle volume is below x pips (x can be set in the setting)
3. Setting that number 1 and 2 can be set in both must be fulfilled or number 1 only is fulfilled or number 2 only is fulfilled
can anyone please point me to the relevant indicator, I need to observe this NDNS stuff to better learn VSA,
thank you very much in advance
In the end its just a stupid numbers game