The BrightsparkThe BrightsparkSwing Volume Tool Swing Volume Tool
A powerful A powerful visualvisual Trading Trading aidaid
The BrightsparkThe BrightsparkSwing Volume Tool Swing Volume Tool
A powerful A powerful visualvisual Trading Trading aidaid
TechniTechnifilterfilter PlusPlus
www.technifilter.comwww.technifilter.com
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financial situation and particular needs of any particular person and before making an investment decision on the basis of Technifilter Plus, a prospective investor needs to consider, with or without the assistance of a Securities Advisor, whether the advice is appropriate in light of the particular investment needs, objectives and financial circumstances of the prospective investor.
The information contained herein is not suitable to be acted upon as investment advice;and(b) it is advisable to obtain investment advice before making any investment decisions relying on the information provided.No part of Technifilter Plus or its Manuals and Tutorials contains trading advice - stated or implied. Technifilter Plus, or its Manuals and Tutorials are not an invitation to trade.
• The directors and associates of Brightspark are not Securities Advisors or Investment advisors.Traders requiring trading or investment advice should contact a licenced advisor. Stockbrokers are licenced Securities advisors.
What is the Brightspark Swing Volume Tool
(BSVT)?A new look at volume – a visual tool for understanding
how volume builds as a trend develops.Compare the BSVT and the Volume chart belowThe combination of price Swing and cumulative Volume
depicts the importance of the legs of the trend.
How much stock has been traded in this swing relative to previous swings?
More on the Brightspark Swing Volume Tool
There are various trends operating in any issue at any one time, depending on the time frames being analysed.
The Brightspark Swing Volume Tool (BSWV) combines both Trend swings and Cumulative volume to create an indicator that creates an easy to read visual chart that confirms the strength or weakness of the trend.
BSWV uses two Swings to collect Volume
traded
Minor and Major Swings based on significant move of an average price.
Minor swings use a 5% moveMajor swings use 10%. move
The Volume traded is cumulatively added for the
swing
The BSWV Colours
If the Swing is an upswing the volume is cumulatively added as the swing goes up and it is Coloured Green
If the Swing is a Down swing the volume is cumulatively added as the swing goes down and it is coloured Red
Major Swings are coloured in lighter shades
Comparing Standard Volume to BSWV
The BSWV chart shows the cumulative volume traded in a particular swing.
In a simplistic way it shows the strength / weakness of a particular trend swing by the accumulation or distribution of stocks traded
The larger the volume traded the larger the build up in the swing
Major and Minor Price Swings
10% Black Major Swing5% Red Minor Swing
How Weak or Strong is each Swing?
Cumulative Volume of Shares traded per
Swing
Major Swingswith Cumulative Volume
Cumulative Volume of Shares traded per
SwingMajor Swingswith Cumulative VolumeNote the build up of volume as the price swing goes upCompare this to the regular volume chart
Putting it all together
The major accumulation Upleg, gives cover to the minor Upswings with multiple signals of increased participation
Major UP Minor UP
Minor Down
Potential Uses/Signals
AB
Accumulation/DistributionMinor UpMinor DownMajor UPMajor Down
Minor Swings DownMinor Swings Up
Minor Accumulation Upleg exceeds the previous down leg Disribution (A and B)
Potential Uses/Signals
AB
Minor SwingsMinor Swings
Accumulation/DistributionMinor UpMinor DownMajor UPMajor Down
Major Accumulation Up and the Minor Accumulationn starts a new up leg
Major Swing UpMinor Swing Reverses
UP
Accumulation/DistributionMinor UpMinor DownMajor UPMajor Down
Major Swing DownMinor Swing Reverses
Down
Accumulation/DistributionMinor UpMinor DownMajor UPMajor Down
Major UPMinor UP
Minor Down
Major Down
Accumulation Swing Exceeds previous Distribution and
breakout through Resistance
Accumulation/DistributionMinor UpMinor DownMajor UPMajor Down
Distribution Swing Exceeds previous Accumulation and
Fall through Support
Combining with other Signals E.g. 123
33
22
11
Accumulation
Combining with other Signals -Smiroc
Weekly and Daily Views
A super easy to useVisual Trading Tool
The Swing Volume Tool is now available!
It includes: • Filter Report for Market
Scanning, • Formulas for customising • Chart Templates• 30 plus page PDF Manual • Powerpoint Presentation
The End
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