Finally here is the next version of the VPA, V.4.0. The earlier version was a step in refining the signal generation codes. However the signals were generated were too many creating a confusing picture. Also there was a error in coding which prevented the use Random walk Index for the evaluation of the trend. In version 4.0 I have attempted to refine the signal generation coding so we have lesser more accurate signals.
Another major change is the effort to indicate the high probability of change in the Trend. These are Sentiment Change Indicators. . A green up Arrow indicates that there is a change of sentiment. The current down Trend may possibly end soon and we may see an Uptrend soon. A Red Down Arrow indicates that there is a change of sentiment. The current Up Trend may possibly end soon and we may see Down trend soon. Like any signal in Technical Analysis there signal are never 100% accurate these seem to catch the majority of the trend changes. The users are advised not to use these as buy and sell signals. However these signals would be indeed good guiding sophomores.
I am also including a PDF file which provides some details of the various Flags generated by the AFL on the chart. This would help the beginner very much to understand the implication of the various Flags. This is very brief and we I will try to elaborate on each as and when time permits.
The AL can be downloaded from here :
VPA Version 4