Australia's largest stock trading and investment forum Australia's #1 stock forum

Thanks Jako. This stuff looks really interesting. Appreciate all...

First 2043 Last

Share
Profile

Follow
Namronette

1,529 Posts.

3

16/06/17

21:52

Post #: 25328142
Share

Originally posted by Jako64 ↑

Yes that's right, it is a HLC (high, low, close) chart, as opposed to a more common OHLC chart (which includes the open).

In VSA and Wyckoff analysis, the open is rarely used (I can put it on the chart if I want to).
For the most part the open is only used in mathematical formula's for indicators, which I do not use.
The idea behind VSA/Wyckoff analysis is to interpret what the chart is saying about itself, by looking at the relationship between the high, low, close and volume, relative to the previous price action, and within potential support and resistance zones.

hope that helps.....

cheers

Expand

Thanks Jako.
This stuff looks really interesting.
Appreciate all the effort you and others put into educating the masses.
1 Upvote

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

C1X

iTech inks deal with Chilean lithium giant to progress Reynolds Range

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

CAF

IP anomaly thrills Cannidah with project extension hopes in QLD

There are more pages in this discussion • 416 more messages in this thread...

First 2043 Last