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Mark Leibovit's Volume Reversal ToolKi


sennal999

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The write-up and description has merit, largely because it's 'signals' appear to be based off of volume, thus it is a derivative of VSA, Wyckoff, or similar.

 

Not sure if you noticed, but it is only for Metastock, which has a very small portion of the chart package market. I have found that there is a limit to how many charting packages an individual can run and use in practicality on any number of computers.

 

Reading the write-up, certainly packages like TradeGuider would more or less offer the same type of trading guidance.

 

But also wanted to post that free implementations like the VPA line of indicators available for NinjaTrader, ThinkorSwim, Amibroker and others will probably provide a similar level of guidance in when to go long and short, on various timeframes - the fact they are free does not devalue them IMHO.

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