Volume Spread Analysis (VSA) Discussion 2 replies
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DislikedI must be confused because I still don't understand where the volume statistics come from.
Could someone explain?Ignored
DislikedHere's an article I found on VSA:
http://vpanalysis.blogspot.com/
Also, I searched the net for a VSA indicator for metatrader, but no luck. However, here is a link for the Amibroker code for it. Not sure how well a VSA indicator would work with a .mql version, but if someone can recommend a coder who will do it for a reasonable price, it's worth a try:
http://www.bullcharts.com.au/forum/f...p?TID=501&PN=1
(see 5th post on the 1st page)Ignored
Dislikednyse.. don't get me wrong, your post at eur/usd thread brought me here just to clarify the basics. Some questions:
- For how long have you tested this? The claims you make over the Eur/Usd thread will need proven record to get credibility, beliefs don't work here.
What's the entry rules? What is the stop loss, take profit?
Are you aware of the difference in volumes reporting from broker to broker? Are you aware of the colective unpredicatable behaviour of the markets? - Where, whatever our method, we can never be sure of where it's going?...Ignored
DislikedMy cross-face (sorry Sun ) Suntrader said it all, volumes in Forex don't work like in equities, you don't have a centralized "center" where to draw volumes from.
The best you can do is try futures volumes and watch the volume to correlate with the pair on forex, I may even help saying that the usual deviation as been of about 7 pips.Ignored
DislikedMT4 volumes has helped my FX trading..that is a fact for me.
I tried a few different broker demos, and there is a difference of course. I found one that seems to be the most "accurate" and gives a good indication of activity.
"Tick volume may be used where no transaction volume is available"
-T. Williams, page 27 of MTM.
Thanks for the thread, I'll be checking in.Ignored
DislikedMy cross-face (sorry Sun ) Suntrader said it all, volumes in Forex don't work like in equities, you don't have a centralized "center" where to draw volumes from.
The best you can do is try futures volumes and watch the volume to correlate with the pair on forex, I may even help saying that the usual deviation as been of about 7 pips.Ignored
DislikedI agree however tick volume is still volume...just how price action from the forex is translated to candlestick formations on the chart so it's relevant information..So you can use it,point is you should be focused on price action thats key to letting you know the spread of each trade. Thats how you follow what the market makers are accumulating or selling..You can't really make an arguement that tick volume isn't relevant b/c every indicator that most of these traders use is based on the tick volume..[b]Your adx,bollinger and rsi are moving in...Ignored
DislikedI agree with this man.
No centralised Market in forex.
As for looking at CME volume, no big funds will ever trade in the Futures market when the liquidity it can get there is so poor in comparison to what they can get in the Spot Market.
Even still there are loads of traps placed by the big players on the volume side of things also.
This is the thing that I do not understand, if you are proficient in this method, then I do not understand why you have to trade forex, why not just trade equities etc ?
I am personally looking into using...Ignored
DislikedMT4 volumes has helped my FX trading..that is a fact for me.
I tried a few different broker demos, and there is a difference of course. I found one that seems to be the most "accurate" and gives a good indication of activity.
"Tick volume may be used where no transaction volume is available"
-T. Williams, page 27 of MTM.
Thanks for the thread, I'll be checking in.Ignored