EVRAA - Eustace Volume Reinvented by Alan and Amg

EVRAA, so named to honor the memory of the trader Eustace Storey, whose use of volume sparked the idea, is best described as an indicator of Wyckoff's first principle: Effort vs. Result, where Volume represents Effort and Price reaction is the Result. If you already use Wyckoff methods, simply apply the same principles, as illustrated in the 3-minute chart that Alan has marked up. Additionally, divergences, which are also a form of Effort vs. Result, can be found, as shown on the 532-Tick chart marked up by Ana Maria.

Many many examples have been placed in rabbit's EVRAA folder at dacharts.com archive, which are shown below as a slide show.

Alan Robinson (rabbit)
Ana Maria Gallo (amg)

template: EVRAA.DAT