Volume Spread Analysis (VSA) is nothing new but it seems to be gaining popularity among traders. I'm hearing more and more about it. VSA, which was brought to us by Tom Williams, based on the work of Richard Wyckoff, is another way of analyzing the markets mainly using price and volume.
It is said that with VSA you can understand what the professional traders (the ones that move the markets) are doing or intend to do.
How does this help? Well, if you analyze that the professionals are buying or intend to buy then you would want to buy too and vice versa. It's an extra edge if you can trade with the professionals and not against them.
There are a lot of resources online about VSA but here are some note-worthy ones. Some are geared toward promoting software, etc but the free educational information they present are very helpful.
Tom Williams "Master The Markets" pdf can be downloaded here
http://www.tradeguider.com/mtm_251058.pdf
SFO Magazine article on VSA
http://www.sfomag.com/homefeaturedetail.asp?ID=363568822&MonthNameID=June&YearID=2006
MrSwing - Volume Spread Analysis ( Part I): A New Way to Look at Markets
http://www.mrswing.com/articles/Volume_Spread_Analysis_A_New_Way_to_Look_at_Markets.html
http://www.mrswing.com/artman/publish/swing_trading_Volume_Spread_Analysis_Part_2.shtml
http://www.mrswing.com/artman/publish/swing_trading_Volume_Spread_Analysis_with_Candlesticks_part_3.shtml
Tradeguider.com
sells trading software but you can go to their free resources section (have to provide email address, and download
pdf on VSA, watch webcasts and maybe learn something.
Traderslaboratory.com , traders forum, has a thread devoted to VSA.
Video
http://www.moneyshow.com/video/details.asp?wkspid=6CB8385DC4A04A599467BB1818E95A00
BLOG
http://vpanalysis.blogspot.com
WYCOFF Patterns
http://club.ino.com/trading/tag/wycoff-patterns/
Other Interesting sites
http://www.ord-oracle.com
http://www.hawkeyetraders.com/ Selling Software but has free videos link
http://www.sfomag.com/article.aspx?ID=907&issueID=55
BOOKS
"The Undeclared Secrets That Drive The Stock Market" by Tom Williams
At a future time I will post links to VSA formulas for software such as Amibroker, Metatrader and Ninjatrader,etc..
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