medium · Volume Spread Analysis supply-demand-smart-money
What is the primary reason VSA practitioners ignore 'open' prices and focus almost exclusively on 'close' positions?
- Retail traders watch the close, so professional operators simply do the same thing
- The close represents the final, considered value after the intraday battle
- Open prices are simply not available on most institutional charting platforms
- Closing prices are the standard input used to calculate lagging indicators like RSI
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