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Learn to Trade using VSA (Volume Spread Analysis)

  • #121
  • Feb 25, 2009 2:42am Feb 25, 2009 2:42am
Quoting nyse1982
Once i get the first copy, I'm going to distribute it around for beta testing..Hopefully will have good results!!
Anyone interested in beta testing the VSA Indicator once it's complete please drop a note..
  • #122
  • Feb 25, 2009 2:53am Feb 25, 2009 2:53am
Hey NY....I'm intersted in the beta testing...tried to send you a pm, but it says it's blocked....
  • #123
  • Feb 25, 2009 2:56am Feb 25, 2009 2:56am
Quoting 4xplosion
Hey NY....I'm intersted in the beta testing...tried to send you a pm, but it says it's blocked....
ok gotchu
  • #124
  • Feb 25, 2009 4:08am Feb 25, 2009 4:08am
Quoting nyse1982
Anyone interested in beta testing the VSA Indicator once it's complete please drop a note..
Very interested in testing also!!
  • #125
  • Feb 25, 2009 5:11am Feb 25, 2009 5:11am
Quoting nyse1982
Anyone interested in beta testing the VSA Indicator once it's complete please drop a note..
Hi Nyse, been following this thread and would like to test the indi when you get it. Tried to pm/email you.
  • #126
  • Feb 25, 2009 5:43am Feb 25, 2009 5:43am
Quote:
Originally Posted by nyse1982 http://www.forexfactory.com/images/buttons/viewpost.gif
Anyone interested in beta testing the VSA Indicator once it's complete please drop a note.


Hi Nyse, I'm keen to give this beta testing a go also.
  • #127
  • Feb 25, 2009 8:47am Feb 25, 2009 8:47am
Hi nyse1982 - thanks for an interesting thread http://www.forexfactory.com/images/icons/icon14.gif

Whilst I see that some experienced traders have posted the usual comments concerning broker volume, its good that others are prepared to follow your work and see if you really have found a way of utilising what data we do get in MT4.

I'm all for any new approach that I can use to help give me an extra edge in my trading - and you might just be suppling that edge with your new - to me - idea...and yes, I did read Tom's book in the early 90s, when I met him at his house in Brighton, UK. I guess I'd better read it again!

I also spent time with him in Chicago a couple of years back when he sold his VSA software etc to a group of traders - I think they now call it tradeguider - I even got offered a 50% discount on their new version of Tom's software....I didnt take it!

I did find VSA helpful today, especially at #3 whwere I had closed my shorts and was long for a bounce. After reviewing this chart - I'm trading off my 5 min chart - I deduced that the highest volume of the day was unlikely to allow the ~100 pip bounce that might be expected after a 250 pip fall and thus set my TP much lower under the MS1 level.http://www.forexfactory.com/images/icons/icon12.gif

Regards

Islander
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #128
  • Feb 25, 2009 9:03am Feb 25, 2009 9:03am
Quoting Islander
Hi nyse1982 - thanks for an interesting thread http://www.forexfactory.com/images/icons/icon14.gif

Whilst I see that some experienced traders have posted the usual comments concerning broker volume, its good that others are prepared to follow your work and see if you really have found a way of utilising what data we do get in MT4.

I'm all for any new approach that I can use to help give me an extra edge in my trading - and you might just be suppling that edge with your new - to me - idea...and yes, I did read Tom's book in the early...
I agree truth is and i think what the general public doesn't realize this but that all the information needed to be successful trading is available.When tom wrote the book basically he layed out detailed plan of how accumulation and distribution works, which is relevant in all markets.So why not use that information to create our own system!! Save people the $3000 they charge and you can use that money to buy giants season tickets!!
  • #129
  • Feb 25, 2009 9:19am Feb 25, 2009 9:19am
Quoting Piters
LOL,how many more SIgns you need to take an action..

you're good BRO..!!

P.S. I hope you are haveing some good time in trading.. !
TeeHeHee - I've been takin soooooo much action today that I'm plain worn out .....and YOU know where to find my posts, so quit pretendin.....
Trading Levels with WRBs
  • #130
  • Feb 25, 2009 9:26am Feb 25, 2009 9:26am
Quoting Islander
TeeHeHee - I've been takin soooooo much action today that I'm plain worn out .....and YOU know where to find my posts, so quit pretendin.....
well spoken like a true tradesman..
  • #131
  • Feb 25, 2009 9:34am Feb 25, 2009 9:34am
Quoting Islander
TeeHeHee - I've been takin soooooo much action today that I'm plain worn out .....and YOU know where to find my posts, so quit pretendin.....
.LOL, joking my friend you know that...

was messing with you on Tom's VSA..... LOL

but yes, you are right, I am trading my usual setup , but when I included the Volume [as a trigger] then is like you are having another eyes, or you can read the market Soul...

recently I added a market profile, or Volume/price histogram.. and to be honest, I am glad that I am so open to learn some new stuff ...

I can say only.. that volume reading on FX works.. and works well.. I have few feeds, eSignal, GAIN, DBfx, zenfire, MT4, GFT.... and they are all spot on.. enough to read... VSA is as is says.. VOLUME SPREAD Analysis...

Read the volume is 50%, the other 50% is candle pattern formation, and spread reading.. so... good luck to all..!
  • #132
  • Feb 25, 2009 9:48am Feb 25, 2009 9:48am
Quoting nyse1982
well spoken like a true tradesman..
NP - just a bit of leg pullin.....we hadnt met up for a while......

I noticed this on my 5 min and wondered if you consider if such a short TF has any value in VSA?

I'm also pi**ed off with myself for not taking the short as it broke the 400 level - took my eye off the ball and missed out.....http://www.forexfactory.com/images/icons/icon11.gif
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #133
  • Feb 25, 2009 9:55am Feb 25, 2009 9:55am
nyse1982,

Is there any way to contact you outside this forum? I have numerous questions about VSA.

Let me know!

Gator
  • #134
  • Feb 25, 2009 10:16am Feb 25, 2009 10:16am
Yes, I would like to test the beat version also if possible.

Couple of points:

1. How does the coder intend to solve the issue of small volume data from a single source?

2. Can the spread be plotted as a visual rather than as numbers? If the spread is calculated constantly, then it should be easy to plot those numbers as lines.

Thanks! Looking forward to helping in any way I can. Thanks for a great thread!
  • #135
  • Feb 25, 2009 1:15pm Feb 25, 2009 1:15pm
This is a first version of the indicator(for now just basics)....ENJOY

And nyse1982, I have read your PMs, but I dont undertand some things
that has to be coded, Im from europe so you need to explain it better to me!!
In your PMs are to many words that I can easily interpret in 2 different ways.
You will probably need to explain this to me in more "plain" language cos
when you talk about spread I dont know do you think of regular spread,
or spreads from HL&HC....etc!

It would be easyer for me If you could explain to me in coding way.....
like if this\ and this= than do that etc etc balblabla

Regards
Attached File(s)
File Type: mq4 VOLUME SPREAD ANALYSIS.mq4   16 KB | 1,197 downloads
forexflash
  • #136
  • Feb 25, 2009 2:16pm Feb 25, 2009 2:16pm
Quoting FOREXflash
This is a first version of the indicator(for now just basics)....ENJOY

And nyse1982, I have read your PMs, but I dont undertand some things
that has to be coded, Im from europe so you need to explain it better to me!!
In your PMs are to many words that I can easily interpret in 2 different ways.
You will probably need to explain this to me in more "plain" language cos
when you talk about spread I dont know do you think of regular spread,
or spreads from HL&HC....etc!

Regards
Hi FOREXflash,

Thanks for the indicator, I'll start testing it right away. Regarding the spread, nyse1982 explained how it's calculated on post 94 (H/L minus H/C). Also he explains how the buying and selling climax is achieved. If you could code that in your indicator that would be awsome.
  • #137
  • Feb 25, 2009 2:27pm Feb 25, 2009 2:27pm
Quoting fxtrader2k7
Hi FOREXflash,

Thanks for the indicator, I'll start testing it right away. Regarding the spread, nyse1982 explained how it's calculated on post 94 (H/L minus H/C). Also he explains how the buying and selling climax is achieved. If you could code that in your indicator that would be awsome.
H\L & H\C are calculated ok.......
I need some other info!
forexflash
  • #138
  • Feb 25, 2009 3:26pm Feb 25, 2009 3:26pm
Quoting FOREXflash
HL & HC are calculated ok.......
I need some other info!
I know your HL & HC are correct.

Quoting FOREXflash
when you talk about spread I dont know do you think of regular spread, or spreads from HL&HC....etc!
post 94 tells you the spread is calculated as HL minus HC. You can pm and I may be able to intepret some of the wording issues for you. Thanks again for sharing.
  • #139
  • Feb 25, 2009 3:27pm Feb 25, 2009 3:27pm
Quoting FOREXflash
HL & HC are calculated ok.......
I need some other info!
Hi FOREXflash and thanks for the indi, going to start testing with it. I know this is only the initial version but would you consider for any further versions displaying the spread value i.e the HL minus the HC, saves having to calculate it each time you look at each of the seven candles data, to see it right there would be helpfull, maybe under where the HL and Hc are displayed. Also, for 5 digit brokers, can there be an truefalse option for 5 digit brokers so that the spread for example of 20 doesn't display as 200? Otherwise nice job and look forward to testing and help developing along with everyone.
  • #140
  • Feb 25, 2009 3:30pm Feb 25, 2009 3:30pm
Listen guys, please STOP making demands cos Im doing this
becouse I want to, not becouse you need this!!!

If somebody is going to explain what has to be coded, that will
be from originator of the thread!!!

Hope you guys understand...THANKS
forexflash
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