Does anybody suggest any Volume Spread Analysis Indicators? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Does 'volume' of MT4 show the tick volume of the market? 47 replies

Any fixed spread broker with exactly 2.0 pip spread? 3 replies

What does volume tell us about the market? Volume patterns? 18 replies

Does anybody know which indicators are used in this system? 1 reply

Sick Of Indicators-Anybody trading w/Out ANY indicator? 24 replies

Attachments: Does anybody suggest any Volume Spread Analysis Indicators?
Exit Attachments

Does anybody suggest any Volume Spread Analysis Indicators?

  • #21
  • Feb 21, 2009 11:15am Feb 21, 2009 11:15am
Quote
I would venture to say that no one here has read Williams' book. If they had, they would already know that tick volume is what VSA uses in FOREX.

Yes, we know that. But your not addressing our issue. The tick volume in forex that's provided by your broker is not universal, it's specific to your broker. So how can you know when a 100 billion dollar fund is investing in your currency when your tick volume won't reflect their trade?

The included page does not address Forex. It addresses that "tick volume may be used" but doesn't address the problem inherent to forex volume... that it's not comprehensive. In stocks yes, tick volume can be used because you can poll the exchange. That is not true in forex.

Quote
You obviously do not understand this method, so there is no point discussing it with you until you read the book.

You're shutting down discussion with a patronizing remark like that? Come on. I've read books on VSA, frankly... none of the techniques I know about would work on Forex because of the volume problem above. I'm more than willing to admit I'm wrong if you can prove otherwise, but so far you haven't even addressed the issue.

Which brings up the question, if they use esignal volume... where does esignal volume get it's data from? There's no universal exchange for spot forex, so there's no "volume authority" we can ask.
  • #22
  • Feb 21, 2009 11:19am Feb 21, 2009 11:19am
Quote
Yes, we know that. But your not addressing our issue. The tick volume in forex that's provided by your broker is not universal, it's specific to your broker. So how can you know when a 100 billion dollar fund is investing in your currency when your tick volume won't reflect their trade?

I just stated several sources that are not broker specific. I don't mean to shut down the discussion, only to have an informed discussion. The book is available for free you know. I think some one posted the link on the other thread. I really am not trying to be rude in any way, only to have reasonable discussion based on informed knowledge. I am sorry if I appeared rude or disruptive I will step aside, because that was never my intent.
  • #23
  • Feb 21, 2009 11:27am Feb 21, 2009 11:27am
Quote
I just stated several sources that are not broker specific.

No, you didn't.

Netdania is a broker. FXCM is a broker too. Esignal, we have no idea where they get theirs. MBT is a broker too. You're saying they get theirs from their ECN, what ECN is that? What liquidity sources are they claiming provide volume? What traders would be involved there?

But let's assume then that different brokers can get their data from a common. Let's also assume that their trades back to the ECN are reflected in the volume feed too. That's good, and gets us closer to fixing the problem, but a single ECN, or even a group of ECNs sharing data, still provide no insight into the billions of dollars exchanged thru banks.

Quote
The book is available for free you know.

Assuming it's a legit source, where? I'd be happy to read it. I'm not trying to criticize the method, I'd really like to know how VSA could be reliably applied to forex in a way that overcomes the problems inherent to forex volume.
  • #24
  • Feb 21, 2009 11:31am Feb 21, 2009 11:31am
Quote
Assuming it's a legit source, where? I'd be happy to read it. I'm not trying to criticize the method, I'd really like to know how VSA could be reliably applied to forex in a way that overcomes the problems inherent to forex volume.
What can I say here? the book was written by Tom Willams him self. He is in his 80s, but he is still alive and he invented VSA.

I also follow his method and it is reliable. you really need to get acopy.
  • #25
  • Feb 21, 2009 11:33am Feb 21, 2009 11:33am
Hey that is my first post in 2 months.. LOL
  • #26
  • Feb 21, 2009 12:06pm Feb 21, 2009 12:06pm
Hey Rabid, I did some more checking and you may be right. In the copyright page it says the original manuscript is called "The Undeclared Secrets That Drive the Stock Market". So this may or may not be the same as the original I'll have to see if I can buy a copy of the original, before commenting.
  • #27
  • Feb 21, 2009 12:28pm Feb 21, 2009 12:28pm
I think some of you here need to know the different between tick volume and volume before having any further argument.
Trading is the game of fear and greed.
  • #28
  • Feb 21, 2009 12:58pm Feb 21, 2009 12:58pm
Quote
What can I say here? the book was written by Tom Willams him self. He is in his 80s, but he is still alive and he invented VSA.

I meant a legit source of the download, not the author, lol. Sorry for the confusion. A lot of places have ebooks for download, but the ebooks are copyrighted. I don't condone posting those in an open forum.

Quote
Hey Rabid, I did some more checking and you may be right. In the copyright page it says the original manuscript is called "The Undeclared Secrets That Drive the Stock Market". So this may or may not be the same as the original I'll have to see if I can buy a copy of the original, before commenting.

So what book(s) would you recommend on the subject as it pertains to forex?

Quote
I think some of you here need to know the different between tick volume and volume before having any further argument.

Ok, fair enough. I think I understand the basic difference, but not a clue as to how the 2 differ in application. Care to elaborate?
  • #29
  • Feb 21, 2009 1:09pm Feb 21, 2009 1:09pm
Quote
I meant a legit source of the download, not the author, lol. Sorry for the confusion. A lot of places have ebooks for download, but the ebooks are copyrighted. I don't condone posting those in an open forum.

I agree with this. I think though, that the book is now free from the web site. That is how I got a copy. I do not have the software, nor have I paid for any membership, that all looks pretty easy to duplicate with programming in Metatrader, which I have done for the salient parts of the method. I do not know on his original book as I have not read it, but will try to buy it.
  • #30
  • Feb 21, 2009 1:10pm Feb 21, 2009 1:10pm
Alright, I'll search around for it.
  • #31
  • Feb 21, 2009 1:19pm Feb 21, 2009 1:19pm
The only part I do not trust is the volume from any metatrader platform. I have not resolved the volume issue in my own mind yet though. Not that I doubt tick volume is useful. just not sure if the feed is reliable. I have found though that many of the setups are similar to pin bars and other well known setups. I think you will see this when you read it, you will recognize them.
  • #32
  • Feb 21, 2009 2:32pm Feb 21, 2009 2:32pm
Quoting thatwasme
I just stated several sources that are not broker specific. I don't mean to shut down the discussion, only to have an informed discussion. The book is available for free you know. I think some one posted the link on the other thread. I really am not trying to be rude in any way, only to have reasonable discussion based on informed knowledge. I am sorry if I appeared rude or disruptive I will step aside, because that was never my intent.
Tick volume is a snapshot of a particular bar, It doesn't matter if you don't have actually volume b/c forex volume doesn't exist in relative terms b/c its an otc market. So you can still utilize tick volume just like you can use OHLC prices on each candlestick on a forex chart. It's still relative information which is quoted from your broker.Also you can see the bar volume displayed below which gives a visual of volume activity also.
  • #33
  • Feb 21, 2009 3:07pm Feb 21, 2009 3:07pm
Quoting Rabid
Alright, I'll search around for it.
I download a free copy of T. Williams book which I'm reading right now..I trade using VSA.
  • #34
  • Feb 24, 2009 2:06am Feb 24, 2009 2:06am
Quoting thatwasme
Nonsense. Read the book. This is from page 27

esignal volume is what their program uses.
hey I trade using VSA and I agree with you, no need to waste any air with these people...They're really stuck to using the TA and sware by them so it's like no other method exists..Funny thing is I bet that over half these people pay out thousands for some over priced system from someone..Truth is once you learn the principle of VSA you don't even need to use those overpriced systems..
  • #35
  • Feb 24, 2009 2:22am Feb 24, 2009 2:22am
Quoting Rabid
Yea, but that's fantasy volume. It's tick volume generated by the broker, which means there's no "big dog" information there... it's all information generated by other local traders at your broker.

VSA works well in stocks, to be sure. A lot of people use that, especially combined with level 2 data, to determine when someone big is coming into the market. That approach used to work insanely well, but people are getting better at breaking up their big orders because they're sick of getting coat-tailed.

I have a hard time seeing how volume...

tick volume works fine for me and t. williams explains in his book where volume isn't available tick volume is sufficient..as you can see for the chart, I got in right on the swing low...I saw that the accumulation from smart money was begginning to exchange hands..very easy concept to understand and trade vsa with no charts..Using the fibo you can see how much more room EUR/USD has to move to reach 100% retraction and you can easily capture huge amount of pips!!
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 24 KB
  • #36
  • Mar 2, 2009 3:24am Mar 2, 2009 3:24am
Quoting hariusa72
Hello

Does anybody here use any VSA indicator for trading?
Look at this thread http://www.forexfactory.com/showthread.php?t=154339.

Regards.

Lubo
If I know how, I tell You!! Few but Good!!
  • #37
  • Mar 6, 2009 3:12am Mar 6, 2009 3:12am
Quoting nyse1982
I download a free copy of T. Williams book which I'm reading right now..I trade using VSA.
Hi nyse1982,

what a great idea, could you give me the link or title to the T.Williams book ? Thanks.
M.
Be like water.
  • #38
  • Mar 6, 2009 2:32pm Mar 6, 2009 2:32pm
what is the name of the t williams book or or do you have a link


Quoting nyse1982
tick volume works fine for me and t. williams explains in his book where volume isn't available tick volume is sufficient..as you can see for the chart, I got in right on the swing low...I saw that the accumulation from smart money was begginning to exchange hands..very easy concept to understand and trade vsa with no charts..Using the fibo you can see how much more room EUR/USD has to move to reach 100% retraction and you can easily capture huge amount of pips!!
  • #39
  • Mar 20, 2009 2:26pm Mar 20, 2009 2:26pm
Quoting toddanderson
what is the name of the t williams book or or do you have a link
The book is called "Master The Markets" go to tradeguider.com
  • #40
  • Mar 28, 2009 6:06pm Mar 28, 2009 6:06pm
A key point to remember about volume in VSA terms is its about relative not absolute volume. So the key point is whether volume is high or low relative to what might usually be expected or compared to other bars in the trading period.

It's quite subjective and you don't need tradeguider software to use the method.

If you couple the VSA with Support and Resistance then you should be able to make good money and not spend a fortune on 3rd party software or data.
0 traders viewing now