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VPA 5 *
This is the converted VPA indicator from NT to ToS. The discussion about the differences between the two can be found here:



This study is for the paintings on the bar graph as seen in the screen shot.

Signals summary:


On top of Bar:
  • Yellow Triangle
    High volume Downbar after an upmove on high volume indicates weakness.
  • Blue Circle
    Reversal possible, yesterday was high volume wide spread up bar, but today we reached 10 days high with low close wide spread down bar.
  • Red Triangle
    UpThrust confirmation.
  • Blue Triangle
    A Down Bar closing down after a Pseudo Upthrust confirms weakness.
  • Blue Square
    Psuedo UpThrust, A Sign of Weakness /OR/ A High Volume Up Bar closing down in a uptrend shows Distribution /OR/ No Demand.
On bottom of bar:
  • Aqua Triangle
    High volume upbar closing on the high indicates strength (in short term down trend).
  • Deep Pink Square
    Test for supply.
  • Green Square
    Strength bar (either strength is showing in down trend or a supply test in up trend).
  • Green Circle
    Stopping volume. Normally indicates end of bearishness is nearing /OR/ No supply.
  • Yellow Triangle
    An Upbar closing near High after a Test confirms strength.
  • Green Triangle
    The previous bar saw strength coming back, This upbar confirms strength.

On the median of the bar:
  • Turquoise circle
    Effort to Rise. Bullish sign.
  • Yellow circle
    Effort to Fall. Bearish sign.


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May 7th, 2010
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