checked again and yes you're right guys.
could also be
that high volume bar seemed to have been a lot of sellers BUT the fact that the bar closed in the top half of the bar indicated that in fact the sellers were absorbed by the buyers
Now I get it !! Thanks people these posts really help, keep it up
I have just updated the first post with a couple of new articles from SFO.
One is regarding candle stick analysis and VSA by Todd Krueger and a companion article regarding high probability trades.
The second article is something that has been discussed many times in the chat (Both Vantage and Islander have good success with these types of trades)
Enjoy. Hope everyone is having a good weekend. See you guys in the chat for TO.
Since the port of BetterVolume went over very well I thought we might find someone to try this out.
I think we are sorely lacking in the whole VAP type profile indicators for mt. I found this one at NT support and it seems like it might be a good fit for VSA traders.
I've included an attachment for the NT source if someone wants to take a stab at porting it.
Keeping an eye on how cable develops this week. Last week saw a push though the Price Pivot Zone (PPZ) and fib line on higher volume. See daily chart below.
On the hourly chart we can zoom in on this move but what's interesting is the retest that follows on low volume before another move up.
Keep a close look for Price Action around 1.47 wouldn't bee surprised to see another test of 1.47.
Wyckoff METHOD vs T. Williams Methods
I am currently studying the Wyckoff course through the Stock Market Institute in Arizona and have also read material by Tom Williams, whose software, Vsa5, you reviewed in the August 1999 STOCKS & COMMODITIES. However, I am confused as to the difference between the two approaches; although Williams has based his work on the Wyckoff method, he seems to concentrate largely on individual bars as opposed to the big-picture approach, which the Wyckoff course takes. As information regarding such a specialized area is so hard to obtain in the United Kingdom, I would be very grateful if you could assist me in providing a possible answer to this query.
Mark Quinn, via E-mailTom Williams (Tom@TradeToWin.com) replies:
The difference in approach stems from the fact that I have used modern technology in the shape of the personal computer to try to isolate market activity. This technology is a relatively recent development, and as such, many proponents of Wyckoff have yet to make the investment in developing analysis software to apply the principles. As a result, they tend to restrict their analysis to the big picture, as this will not change too often.
Computerized analysis allows more frequent analysis of multiple markets and multiple time frames, something that is just not possible if you are doing the analysis manually. Our software does allow the analysis of all time frames so longer-term scenarios can be assessed. However, if you subscribe to the Wyckoff principles and accept that supply and demand, accumulation and distribution, trending and congestion are market characteristics, then you also believe that the forces generating this activity are present in a variety of time frames in the same market, since several distinct groups of trading populations are present, each with its own time horizon.
We always recommend that a market is analyzed in the longer term first and then the analysis is telescoped down to shorter time periods (perhaps to intraday bars), but that the very short-term bars are used for the tactical application of a strategy derived from the long-term analysis.
Hope this clarifies matters.
Fyi. Old VSA Workbook
Pls enjoy old VSA Workbook.pdf
attached you see my indicators. the pivot one (includes the daily open) is changed by me. but don't relay on the lines alone, as these are only close to the point where they should be. this is as a mt4 problem, as i only attached the line as a text. have fun.
Pivot Points Multitimeframe.mq4
Thanks Shamus to start this thread, and thanks all for share your chart!
I'm try to learn VSA, this is what i see
Can you please post VSA Candle indicator as you have used in youe chart.
Willowgal: I want just talk about what Master Guys see, the only way to close my hole in mind about VSA is hear what the Master look, and say.Nothing else. :-)
ha-pattern:of course, exception occur often :-/ but we could learn how read the chart so understand what happen :-)
skyscraper: I have done VSA_candle, it's simple code, it show the spread of candle high/low, and the close of the candle comparate to the middle of spread candle high/low.
I've composed a spreadsheet which analyzes the volume and spread for EUR/USD on a daily chart.
The volume % change is based on a 30 day volume average and I divide the 30 day average volume with the current volume. The spread % change is based on a 30 day average also and I utilize the same formula. What you look for is particular patterns which occur within the spreadsheet. For example 3/25-3/26 the volume % change went from (+ 9.68) to (-10.97) and the spread % change went from (+9.70) to (-14.02) and it closed down on the 3/27. I noticed that pattern and saw that particular setup was occuring 04/02 - 04/03. After noticing that pattern that prompted me to take a short position 04/06. Last count I'm up 180 pips.
Note the red markings show that the volume or spread is less than the 30 day average and the green markings show that the volume or spread is higher than the 30 day average.
VSA at it's core details following background information, which gives you insight to patterns which occur within a particular market.
I just woke up but...
I thought I had understood from The Book that "spread" is the difference between H and L. Is it that you define it differently or did I mis-read The Book?
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