Stocks & Commodities V. 24:11 (52-54): Product Review: Trade Guide by Jayanthi Gopalakrishnan
We constantly hear the terms supply and demand, but
how do you measure these variables in the financial
markets? One way is through volume spread analysis (VSA), developed by Tom Williams, a former syndicate
trader, in the 1980s. This technology, which has been built into TradeGuider, helps identify where the professional money is going.
INSTALLATION AND SETUP
TradeGuider is integrated with Windows XP, so I didnít experience any difficulties installing the software. Since
I have a subscription to eSignal, the datafeed was taken care of. Within a few minutes, I was ready to run the software.
The first step is to bring up a chart, which is easily done. Select File from your toolbar and then open a chart. A window comes up where you have to enter symbols in the TradeGuider format. You have the option of displaying multiple charts, always a nice feature.
Once you have the charts up on your screen, the fun begins. A five-minute chart of the September e-minis is displayed in Figure 1 as an example. To make it easier to see, I have only displayed one chart.