TradeGuider VSA eSignal Plugin
Contact: Jennifer Fortney
773/529-7547
jfortney@cascadecomms.com
FOR IMMEDIATE RELEASE
February 12, 2010
PRESS RELEASE
PREMIER TRADING COMPANY PARTNERS WITH eSIGNAL FOR NEW ADD-ON STUDY
TradeGuider Systems International Announces New eSignal Plug-in with VSA Inside
Chicago, Ill. (February 2010) - The methodology of Volume Spread Analysis (VSA) has gained real momentum in the last 10 years as traders and investors learn to read, track and predict market order flow for success. TradeGuider Systems International (www.TradeGuider.com) announced this week that it has created a new eSignal plug-in with VSA Inside for $129.95 (www.eSignal.com).
Driven by an artificial intelligence engine, the TradeGuider VSA Indicators built into the eSignal charting interface are capable of examining and extracting information it needs to indicate imbalances of supply and demand on a chart in any market and any timeframe. In doing so, the indicators are able to graphically show the essential force that moves every market.
While indicators in TradeGuider software work in either real-time or end-of-day modes and enable users to see when professional money is entering, exiting, or not participating in the market, now they have the ability to access the strength of VSA Indicators in a delayed data platform with eSignal, taking advantage of the mix and match capability.
Although you can't trade off the delayed data, it is a great way to learn how the VSA methodology applies on intraday movements on markets you don't follow in actual real time mode. This extensive expert system has an innate understanding of market dynamics combined with volume, which means that it's capable of considering supply and demand in any liquid market. In turn, it empowers traders to make more intelligent, timely, and informed decisions, giving them the ability to trade with the "smart money".
"TradeGuider Systems is the only company with the rights to offer a software platform based on the VSA methodology," said Holmes. "This new plug-in gives more people the opportunity to learn and experience the power of VSA."
Using TradeGuider's new eSignal plug-in, the VSA indicators are displayed automatically on the chart. There is no configuration, no setting of parameters and no optimization. The sophisticated expert system is augmented by a novel set of tools, including a proprietary trending system that uses volume and price to confirm a trend is in place, and a stop management system tracking the price to lock in profits and provide risk management options.
It is important to note that the TradeGuider VSA indicators are not buy and sell signals on their own, but indications of imbalances of supply and demand in the timeframe, or timeframes. Green indicators can appear in a downtrend as the market attempts to find support, and red indicators in an uptrend as the market approaches resistance. It can also help one identify VSA trade set ups to assist in placing a trade more confidently .
Dialogue boxes contains three sections that link together for more informed trading decision-making based on what the "smart money' is doing.
• Bar Description - describes the bar that the signal has appeared on and why
• Background - describes what you should see in the background of the chart
• Future - describes what action to take if the conditions of the background have been met
The boxes appear for both SOS (Signs of Strength) and SOW (Signs of Weakness) each carry a number. Some of the dialogue boxes have a note added to the top which tells the user if the indicator is looking at more than one bar, as VSA is much like a candlestick analysis where more than one bar is used. In fact Volume Spread Analysis often uses a two-bar confirmation.
TradeGuider constantly analyzes user charts for imbalances of supply and demand, or strength and weakness. Once an imbalance is found, a red or green indicator is displayed alerting to the likely strength or weakness in the market.
Active traders will find the diamonds particularly useful as a simple and quick visual guide as to whether the trend is up (green), down (red), or about to change (white)- diamonds are an attempt to normalize and smooth the price action. Diamonds are flexible indicators that can be set up to aid in scalping or swing trading on intraday charts, position trading on daily charts and in medium/long term investing on weekly or monthly charts.
About VSA Club
The Volume Spread Analysis Club (www.VSAClub.com) was launched in June 2009 by TradeGuider Systems International as an online community for serious traders and investors to interact and learn from one another. For $149 a month members receive significant benefits and direct access to some of the top experts in VSA today. The exclusive VSA Club is dedicated to growing and developing the VSA methodology and spreading its benefits.
About TradeGuider Systems International
TradeGuider Systems is a company devoted to providing software and supportive educational series of seminars and webinars to help traders and investors of every level learn to better follow and predict market manipulation. Its one-of-a-kind premier software trading analysis platform and methodology is based on the principles of Volume Spread AnalysisTM (VSA) researched and developed by veteran trader, Tom Williams. VSA builds on the pioneering work of Richard D. Wyckoff, a famous 1920's trader who based his trading decisions on supply and demand and how they are directly linked to professional activity, "smart money" trading. TradeGuider Systems International is a global operation with offices in London, Chicago, Kuala Lumpur and Sydney. For more information about TradeGuider Systems International visit www.tradeguider.com.
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