The following screenshot illustrates the differences between our own SMART VSA (Volume Spread Analysis Software) signal SMART Buying and the standard VSA signals: Upthrusts, and Pseudo Upthrusts (All have the same color for now and look similar)
Some users have some trouble seeing the differences between them since they all use the same color (This will be changed in the next update). SMART Buying is 1,2,3 and UT/PUT’s are the rest. As you can see the EOM’s are better on SMART Buying going two bars out while they are best done for one bar on Upthrusts and Pseudo Upthrusts.
Please keep in mind that these examples are not cherry picked, the screenshots are real World examples selected from all of the charts I watch where the signal(s) and or concepts being discussed have appeared at the time this article was written.
SMART Buying Signals on Hourly USD/JPY
Same color as UT and Pseudo UT for now.
This screenshot is to illustrate the fundamental differences between the standard UT and PUT and SMART Buying until SMART Buying has it’s own module.
1.SMART Buying (Strength) 32 pips over two bars
2.SMART Buying (Strength) 10 pips over two bars
3.SMART Buying (Strength) 40 pip currently over two bars (2nd bar closes in 4 minutes)
4.Pseudo Upthrust (Weakness) 10 pips over one bar
5.Upthrust (weakness) 5 pips over one bar
6.Pseudo Upthrust (Weakness) -7 pips over on bar
7.Pseudo Upthrust (Weakness) 12 pips over one bar