at volumes usermanual

8/15/2019 At Volumes UserManual

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Content

ANALYTICAL TRADER VOLUMES OVERVIEW ....................................................................................................... 3

TYPES OF VOLUMES ............................................................................................................................................. 3High Volume Bars ............................................................................................................................................ 3

Low Volume Bars ............................................................................................................................................. 3

Churn Bars ....................................................................................................................................................... 3

Thrust Bars ....................................................................................................................................................... 3

Regular Up Bar / Down Bar ............................................................................................................................. 4

Test-like Bars Bullish / Bearish ........................................................................................................................ 4

SETTINGS ............................................................................................................................................................. 6


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ANALYTICAL TRADER VOLUMES OVERVIEW

Analytical Trader Advanced Volumes (AnalyticalTrader_Volumes) is an histogram indicator that shows the

volumes of the given symbol, and categorizes them in different types. On top of the histogram bars, it draws

a session moving average, useful to use as a benchmark (European-American / Asian sessions).

Analytical Trader Color Bars (AnalyticalTrader_ColorBars) will paint the bars according to the type of

volume; it uses the same color scheme as the volumes indicator.

TYPES OF VOLUMES

The indicator will mark the different types of volumes with different (customizable) colors. Each kind of

volume is described below, along with their (default) colors. Up candles (close higher than open) will show

darker colors, while down candles (open lower than open) will show lighter colors.

High Volume Bars

These will often define what’s going to happen next: major tops and bottoms in the market will often be

made on high volume, and a high volume in a wide range bar closing on its highs/lows is usually a trend

continuation pattern, showing either clear demand or supply in the market.

Low Volume Bars

Low volume bars indicate either a temporary lack of demand/supply in the market;

Churn Bars

These are price bars that have a narrow spread (or range, which is the difference between the bar’s high and

low) and high volume. Bars like this often denote supply as the smart money prevents the price from moving

further by dumping sell orders into the market - that's why it has a narrow range and high volume (vice-

versa for demand patterns, after a market downtrend). Because of this, they often show up before market

corrections and significant trend changes.

Thrust Bars

Thrust bars are maneuvers to get stop-losses and stop orders, as well as to test the supply/demand in a

given price level. They have more meaning when they appear:

Near a support/resistance

Near a price area where there was previous supply/demand

On new highs/lows in the market


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Regular Up Bar / Down Bar

These will show when the bar doesn’t fit in any of the other categories. You’ll usually want to be shorting inup bars and going long in down bars, and that’s what this type of bars will show.

Test-like Bars Bullish / Bearish

The volumes indicator will paint these bars, which deserve a special attention due to their importance in

timing the entries. Test-like bars are bars where the supply/demand in the market is being tested, which will

usually tell you if there will be a trend or not.

A bullish test (no-supply test) in a price zone where there was previous demand will test the market for

supply, and for this the prices will be taken lower and the volume becomes the key variable to watch: a low

volume in a zone of previous demand, means there is no selling pressure, which means the buyers that

generated all that demand earlier are not exiting their positions. This means there is NO SUPPLY in the

market, and the strength is confirmed. AT Volumes will analyze the volumes and will only paint these bars if

the volume is appropriate.

If on the other hand, the volume is very high or the prices fail to rally in the next few bars, it means the test

failed – otherwise the smart money would have picked up the sign and would be buying further, taking

prices higher. In that case there is SUPPLY in the market, and it either needs to go lower, or it needs to doanother test of supply. So when there is a bullish test, you want to check if the high of the test was broken –

in that case it was probably a successful test. This makes them naturally good bars to enter in a trade.


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Demand and supply tests - in this chart, notice that most lack of supply tests were

successful (price rallied), while lack of demand tests were unsuccessful, as there

was demand present in the market

Another important factor to mention is the price where the test is happening – it must be testing something,

otherwise it’ll not be a valid test. They will be valid tests only in a price level where there were recent:

Demand/Supply in the market, marked by Analytical VSA Trader

Very high volume/high volume bars, marked by red/violet volume histograms

If price isn’t in any of these critical areas, test -like bars shouldn’t be considered real tests and should be

dismissed.

Successful test: if it’s a test-like bar in one of the 3 price zones described above, it’ll be a successful

bullish test if the prices break the high of the bar in one of the next few bars. This will indicate there

is no supply in the market.

Failed test: If prices fail to rally after a test, the smart money didn’t act on a strong signal and so the

prices need to go lower or another test needs to happen. If it’s a failed bullish test, it could also be a

short entry, and similarly if it’s a failed bearish test, it could also be a long entry.


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SETTINGS

Set to true to set GMT offset – Set to true if a warning shows up in the chart, in order to set the GMT offset

Set your broker’s GMT offset – It’ll set the GMT offset if the above setting is true

History – Number of histogram bars to paint

Moving average period – Period of the moving average

Check for updates automatically – Set to true for this indicator to show a message when there’s a new

update available

Alerts Module

Low Volume Alert – Alerts of low volume bars

High Volume Alert – Alerts of high volume bars

Churn Alert – Alerts of churns

Test Alert – Alerts of tests

Thrust Alert – Alerts of thrust bars

Email Alerts – Sends alerts by email

Push Notification Alerts – Sends alerts to Smartphone