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NEW!. The Brightspark Swing Volume Tool A powerful visual Trading aid. Techni filter Plus www.technifilter.com. Disclaimer.
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NEW! The BrightsparkSwing Volume Tool A powerful visual Trading aid TechnifilterPlus www.technifilter.com
Disclaimer • Technifilter Plus does not take into account the Investment Objectives, financial situation and particular needs of any particular person and before making an investment decision on the basis of Technifilter Plus, a prospective investor needs to consider, with or without the assistance of a Securities Advisor, whether the advice is appropriate in light of the particular investment needs, objectives and financial circumstances of the prospective investor.The information contained herein is not suitable to be acted upon as investment advice;and(b) it is advisable to obtain investment advice before making any investment decisions relying on the information provided.No part of Technifilter Plus or its Manuals and Tutorials contains trading advice - stated or implied. Technifilter Plus, or its Manuals and Tutorials are not an invitation to trade. • The directors and associates of Brightspark are not Securities Advisors or Investment advisors.Traders requiring trading or investment advice should contact a licenced advisor. Stockbrokers are licenced Securities advisors.
What is the Brightspark Swing Volume Tool (BSVT)? A new look at volume – a visual tool for understanding how volume builds as a trend develops. Compare the BSVT and the Volume chart below The combination of price Swing and cumulative Volume depicts the importance of the legs of the trend. How much stock has been traded in this swing relative to previous swings?
More on the Brightspark Swing Volume Tool There are various trends operating in any issue at any one time, depending on the time frames being analysed. The Brightspark Swing Volume Tool (BSWV) combines both Trend swings and Cumulative volume to create an indicator that creates an easy to read visual chart that confirms the strength or weakness of the trend.
BSWV uses two Swings to collect Volume traded Minor and Major Swings based on significant move of an average price. Minor swings use a 5% move Major swings use 10%. move The Volume traded is cumulatively added for the swing
The BSWV Colours If the Swing is an upswing the volume is cumulatively added as the swing goes up and it is Coloured Green If the Swing is a Down swing the volume is cumulatively added as the swing goes down and it is coloured Red Major Swings are coloured in lighter shades
Comparing Standard Volume to BSWV The BSWV chart shows the cumulative volume traded in a particular swing. In a simplistic way it shows the strength / weakness of a particular trend swing by the accumulation or distribution of stocks traded The larger the volume traded the larger the build up in the swing
Major and Minor Price Swings 10% Black Major Swing 5% Red Minor Swing How Weak or Strong is each Swing?
Cumulative Volume of Shares traded per Swing Major Swings with Cumulative Volume
Cumulative Volume of Shares traded per Swing Major Swings with Cumulative Volume Note the build up of volume as the price swing goes up Compare this to the regular volume chart
Putting it all together The major accumulation Upleg, gives cover to the minor Upswings with multiple signals of increased participation Major UP Minor UP Minor Down
Potential Uses/Signals Minor Swings Down Minor Swings Up Accumulation/Distribution Minor Up Minor Down Major UP Major Down A B Minor Accumulation Upleg exceeds the previous down leg Disribution (A and B)
Potential Uses/Signals Minor Swings Minor Swings Accumulation/Distribution Minor Up Minor Down Major UP Major Down B A Major Accumulation Up and the Minor Accumulationn starts a new up leg
Major Swing UpMinor Swing Reverses UP Accumulation/Distribution Minor Up Minor Down Major UP Major Down
Major Swing DownMinor Swing Reverses Down Accumulation/Distribution Minor Up Minor Down Major UP Major Down Major Down Major UP Minor UP Minor Down
Accumulation Swing Exceeds previous Distribution and breakout through Resistance Accumulation/Distribution Minor Up Minor Down Major UP Major Down
Distribution Swing Exceeds previous Accumulation and Fall through Support
Combining with other Signals E.g. 123 2 3 1 Accumulation
A super easy to useVisual Trading Tool The Swing Volume Tool is now available! It includes: • Filter Report for Market Scanning, • Formulas for customising • Chart Templates • 30 plus page PDF Manual • Powerpoint Presentation
The End Please visit our Web Page for the latest pricing and order information TechnifilterPlus • www.technifilter.comemail: sales@technifilter.com