DislikedI'm wondering if we are not using VSA the wrong way. If we look at the hourly chart, we can see that bars on very high volume happens almost always at the same time and it is the same for the bars with the lowest volume. I'm wondering if using true range would not be more accurate? The only problem is that some VSA signs such as end of a rising market are not possible using true range because if the spread is wide the true range will be too.Ignored
As for bars on high volume happening at the same time of day, i'd put this down to the London and NY crossover and both markets being active at the same time. What's more important is what is happening on those bars that have the high volume. Is there hidden buying/selling or are the smart money drying up supply/demand?