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Volume & Engulfing Absorption Indicator (VEAI) Indicator Concept The VEAI is designed to identify key market turning points by recognizing when one group of market participants (buyers or sellers) has become "absorbed" at a critical price level. It identifies this absorption by combining a significant volume spike with a swift, decisive price reversal, confirmed by an engulfing candle pattern.
This is a confluence-based indicator . It does not look at price alone or volume alone, but rather th