How to Use Tradeguider Eod V4 to Analyze the Stock Market
Tradeguider Eod V4 is a software program that helps traders and investors to identify trading opportunities in the stock market. It uses a method called Volume Spread Analysis (VSA), which analyzes the relationship between price, volume and spread (the difference between the high and low of a price bar) to determine the supply and demand forces in the market.
VSA is based on the idea that the market is manipulated by professional traders who use their large volumes to create false signals and trap unsuspecting traders. By using Tradeguider Eod V4, you can learn to spot these signals and avoid falling into their traps. You can also find out when the professionals are buying or selling, and follow their footsteps.
Tradeguider Eod V4 is an end-of-day (EOD) software, which means it uses data from the closing prices of each trading day. You can use it to scan thousands of stocks and find the ones that show signs of strength or weakness. You can also use it to analyze any stock chart and get detailed information about the price action, volume patterns, trends, support and resistance levels, and more.
To use Tradeguider Eod V4, you need to download and install it on your computer. You also need to have a data feed that provides you with historical and current EOD data for the stocks you want to analyze. You can use any data feed that is compatible with Tradeguider Eod V4, such as MetaStock, eSignal, TradeStation, etc.
Once you have Tradeguider Eod V4 and a data feed, you can start using the software to scan and analyze stocks. You can use the built-in scanners to find stocks that meet certain criteria, such as bullish or bearish signals, breakouts, reversals, etc. You can also create your own custom scanners using various filters and indicators.
After you have selected a stock to analyze, you can open its chart in Tradeguider Eod V4 and see all the VSA signals and indicators that are applied to it. You can zoom in and out of the chart, change the time frame, add or remove indicators, draw trend lines, mark support and resistance levels, etc. You can also use the TradeGuider Expert Advisor (EA) to get guidance on how to trade the stock based on the VSA signals.
Tradeguider Eod V4 is a powerful tool that can help you improve your trading skills and results. However, it is not a magic bullet that will make you rich overnight. You still need to have a solid trading plan, risk management, discipline, and patience to succeed in the stock market. You also need to practice and learn from your mistakes.
If you want to learn more about Tradeguider Eod V4 and how to use it effectively, you can visit their website at https://tradeguider.com. You can also download a free trial version of the software and try it out for yourself.
In this article, we will show you some examples of how to use Tradeguider Eod V4 to analyze the stock market. We will use some real charts from the past and explain what the VSA signals and indicators mean and how to trade them.
Example 1: Apple Inc. (AAPL)
Let's look at the daily chart of Apple Inc. (AAPL) from January 2020 to December 2020. This was a period of strong uptrend for the stock, as it rose from around $75 to over $130 per share.
As you can see, Tradeguider Eod V4 has marked several VSA signals and indicators on the chart. Here are some of the most important ones:
The green arrows indicate buying signals, which show that there is more demand than supply in the market and that the professionals are accumulating the stock. These signals often occur at or near support levels, after a pullback or consolidation.
The red arrows indicate selling signals, which show that there is more supply than demand in the market and that the professionals are distributing the stock. These signals often occur at or near resistance levels, after a rally or breakout.
The blue bars indicate high volume bars, which show that there is a lot of activity in the market and that a significant change in price is likely to occur. These bars can be either bullish or bearish, depending on the direction of the price movement and the spread.
The yellow bars indicate low volume bars, which show that there is little activity in the market and that the price movement is weak and indecisive. These bars can be either bullish or bearish, depending on the context and the trend.
The purple bars indicate climactic volume bars, which show that there is an extreme level of activity in the market and that a reversal or a pause in the trend is likely to occur. These bars can be either bullish or bearish, depending on the direction of the price movement and the spread.
The white line is the TradeGuider Trend Cluster indicator, which shows the direction and strength of the trend. It consists of three moving averages: a fast one (5-period), a medium one (20-period), and a slow one (50-period). When they are all aligned in the same direction, it indicates a strong trend. When they cross over each other, it indicates a change in trend.
Using these signals and indicators, we can identify some trading opportunities on the chart. For example:
In late January 2020, we see a buying signal (green arrow) on a high volume bar (blue bar) at a support level ($75). This indicates that the professionals are buying the stock after a pullback and that a new uptrend is starting. We can enter a long position here and place a stop-loss below the low of the signal bar.
In early February 2020, we see another buying signal (green arrow) on a high volume bar (blue bar) at a breakout level ($80). This indicates that the professionals are buying more stock as the price breaks above a resistance level and that the uptrend is continuing. We can add to our long position here and move our stop-loss up to below the low of the signal bar.
In late February 2020, we see a selling signal (red arrow) on a climactic volume bar (purple bar) at a resistance level ($90). This indicates that the professionals are selling some stock as the price reaches an overbought level and that a reversal or a pause in the trend is likely to occur. We can exit our long position here and take our profits.
In early March 2020, we see another selling signal (red arrow) on a high volume bar (blue bar) at a breakdown level ($80). This indicates that the professionals are selling more stock as the price breaks below a support level and that a new downtrend is starting. We can enter a short position here and place a stop-loss above the high of the signal bar.
In late March 2020, we see a buying signal (green arrow) on a climactic volume bar (purple bar) at a support level ($60). This indicates that the professionals are buying some stock as the price reaches an oversold level and that a reversal or a pause in a474f39169