MASTERFOREX-V EXCLUSIVE: Welcome! This section is exclusive to visitors from masterforex-v.lt. Here you can find exclusive products and discounted prices, not found on the regular website pages.
- High volume bars – many times these coincide with something significant happening in the market, such as a trend reversal or continuation
- Low volume bars – they indicate a temporary lack of demand/supply in the market
- Churn bars – these often appear before a trend reversal
- Thrust bars – these are manouvers to get stop-losses, and at the right place, can be a confirmation of strength/weakness in the market
- Strong and Weak Tests – bars which test the supply/demand in the market; if successful, the trend can procede, if not, it’ll reverse
- Up close/Down close bars – bars which have a higher close than the bar before or a lower close, respectively
- Paints chart’s bars optionally, for an easier visualization (using Color Bars indicator)
- Plots a moving average computed using session volumes (London/NY and Tokyo)
Upthrusts are bars which, at the right place, can be a confirmation of weakness in the market (vice-versa for downthrusts, in a market bottom). They’re maneuvers to get stop-losses and stop orders, as well as to test the supply/demand in a given price level. They have more meaning when they appear:
- Near a support/resistance
- Near a price area where there was previous supply/demand
- On new highs/lows in the market
Supply Test/Demand Test Bars
Test-like bars are bars that when at the right place, they’re either testing the supply or demand in the market. There are 2 factors to consider when a test bar appears.
1. Testing an important area
It must appear in the same price zone as a previous:
- Demand/Supply in the market, marked by Analytical VSA Trader
- Very high volume/high volume bars, marked by red/violet volume histograms
- Support/Resistance or Trendline
If price isn’t in any of these critical areas, test-like bars shouldn’t be considered real tests and should be dismissed.
2. Success/failure of tests
- A supply (bullish) test is successful if the prices rally in the next few bars afterwards; failed otherwise
- A demand (bearish) test is successful if the prices downtrend in the next few bars afterwards; failed otherwise