medium · Volume Price Analysis validation

How does the VPA definition of 'Overbought' differ from traditional technical analysis using oscillators?

1. VPA instead defines it as a price move exceeding three standard deviations from the mean.
2. VPA defines it as a state where insiders' warehouses are empty and only retail buyers remain.
3. VPA instead relies on the Relative Strength Index (RSI) oscillator crossing above the 70 level.
4. There is simply no concept of 'Overbought' whatsoever within pure Volume Price Analysis methodology.

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