This is a neat BEFORE and AFTER screenshot of Netflix (NFLX) that shows just how NOT useful standard price bar and traditional volume alone (left side) are in helping traders deduct which side of the market to trade.
When compared to the AFTER on the right side with TAS charting analytics, you see an impressive color-coded clarity with TAS Vega (bright green price bars = bullish) and TAS Boxes give exact balance areas that are super effective in being used as trailing stop levels as the market surges higher. TAS Market Map shows a horizontal histogram behind the price bars so you have a reference point of which range of PRICES has the most volume. Regular volume as seen on the left side does not give you any referenc to price at all (scary). We’ll get into talking more about TAS Navigator (bottom pane right) in future posts… but that thing is a massively valuable tool to determine overbought and oversold markets as well as those likely to experience exhaustion (magenta bars).
Stay tuned…
