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Learn to Trade using VSA (Volume Spread Analysis)

  • #261
  • Feb 27, 2009 8:36am Feb 27, 2009 8:36am
Quoting jamalima
Hello All

I am new to this thread, but have been exploring PA for the past month as I am tired of lagging indicators. I have put together some indicators that might help. One is a histogram of the spread and the other is a histogram of the HL Range.

The coding is poor as I modified another indicator just to get it on my charts, so I only sent the .ex file

Hope this helps.

Regards,

Mark
Thanks, any suggestions on how we can improve this...
  • #262
  • Feb 27, 2009 8:44am Feb 27, 2009 8:44am
Quoting jamalima
Hello All

I am new to this thread, but have been exploring PA for the past month as I am tired of lagging indicators. I have put together some indicators that might help. One is a histogram of the spread and the other is a histogram of the HL Range.

The coding is poor as I modified another indicator just to get it on my charts, so I only sent the .ex file

Hope this helps.

Regards,

Mark
thanks again, these are quite helpful actually..can you explain quickly how these work? So our members can have a brief understanding??
  • #263
  • Feb 27, 2009 8:46am Feb 27, 2009 8:46am
wow...the VSA Spread works great!!
  • #264
  • Feb 27, 2009 9:14am Feb 27, 2009 9:14am
Quoting nyse1982
wow...the VSA Spread works great!!
Hi NYSE, this system has helped me find the two good turning points this morning so I seem to be getting the hang of it. I have a question. Relationship between spread and volume are giving us good information, in your studies, is there a good case for tracking the relationship between them per bar for example, volume divided by spread to give us a volume per pip spread, is this a factor that could be used and say if this factor falls below a certain range or rises above another certain range, could give us buy/sell/exit signals? Just a though.

Thanks to Jamalina for the two indis posted, will see how they work with our existing Beta.
  • #265
  • Feb 27, 2009 9:31am Feb 27, 2009 9:31am
Quoting PipPig
Hi NYSE, this system has helped me find the two good turning points this morning so I seem to be getting the hang of it. I have a question. Relationship between spread and volume are giving us good information, in your studies, is there a good case for tracking the relationship between them per bar for example, volume divided by spread to give us a volume per pip spread, is this a factor that could be used and say if this factor falls below a certain range or rises above another certain range, could give us buy/sell/exit signals? Just a though....
Your right, we have everything in place,we need to get this last indicator. I figure by measureing the per bar volume will definetly be the final indicator to let us know if the movement of the current bar has enough volume to follow through will the current movement. If not then we should be able to determine that the current move is about to change.
  • #266
  • Feb 27, 2009 9:44am Feb 27, 2009 9:44am
Quoting nyse1982
Your right, we have everything in place,we need to get this last indicator. I figure by measureing the per bar volume will definetly be the final indicator to let us know if the movement of the current bar has enough volume to follow through will the current movement. If not then we should be able to determine that the current move is about to change.

Great indicators helped me pick an entry!
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 38 KB
  • #267
  • Feb 27, 2009 9:45am Feb 27, 2009 9:45am
Quoting nyse1982
Your right, we have everything in place,we need to get this last indicator. I figure by measureing the per bar volume will definetly be the final indicator to let us know if the movement of the current bar has enough volume to follow through will the current movement. If not then we should be able to determine that the current move is about to change.
Cool!! Glad you concur NYSE! This system has helping me today, no doubts. I felt it gave me an edge, like a step ahead using it with my current strategy. Great for picking bottoms and tops. It gave me a good indication that what has turned out to be the current daily bottom was forming and I've had a nice 83 pip ride up. It's just closed out at 1.2700 physch level and is still going. Anyway, nice weekend all.
  • #268
  • Feb 27, 2009 9:50am Feb 27, 2009 9:50am
Hello All

The indicators are actually quite basic. I took the High, Low and Close of the current bar and used the formula from nyse1982 of (High - Low) - (High - Close) for the VSA spread and for the VSA HL Range, just used the current High - Low. Since it is an array it obviously tracks historical information.

I hope this explains it.

Regards,

Mark
  • #269
  • Feb 27, 2009 9:51am Feb 27, 2009 9:51am
Quoting PipPig
Cool!! Glad you concur NYSE! This system has helping me today, no doubts. I felt it gave me an edge, like a step ahead using it with my current strategy. Great for picking bottoms and tops. It gave me a good indication that what has turned out to be the current daily bottom was forming and I've had a nice 83 pip ride up. It's just closed out at 1.2700 physch level and is still going. Anyway, nice weekend all.

great...lets keep up the good work guys, hopefully we can have this nex indicator in place by next week!
  • #270
  • Feb 27, 2009 9:55am Feb 27, 2009 9:55am
Quoting nyse1982
Great indicators helped me pick an entry!
HOW DID YOU USE THE INDICATORS TO PICK YOUR ENTRIES..??

In general what do you suggest on how to read these indicators for the VSA method? What are you looking for?? more examples would help.....
  • #271
  • Feb 27, 2009 10:55am Feb 27, 2009 10:55am
Here, try these.......
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 19 KB
Attached File(s)
File Type: mq4 VOLUME HISTOGRAM.mq4   3 KB | 1,652 downloads
File Type: mq4 VSA HISTOGRAM.mq4   4 KB | 1,578 downloads
File Type: mq4 VOLUME SPREAD ANALYSIS v4.mq4   38 KB | 1,542 downloads
forexflash
  • #272
  • Feb 27, 2009 2:15pm Feb 27, 2009 2:15pm
I am new to this forum and noticed that NYSE is looking for people to do a test with a new EA. I am interested in joining in with this test. How do I get a copy of it please
  • #273
  • Edited 2:43pm Feb 27, 2009 2:25pm | Edited 2:43pm
Quoting FOREXflash
Here, try these.......
Looking good Flash, you're a very skilled programmer. Going to spend some of the weekend manually back testing. Have a nice weekend.

p.s. Being able to distinguish between the up volume and down volume is great, gives us a much clearer picture of what is happening in each candle.
  • #274
  • Feb 27, 2009 2:38pm Feb 27, 2009 2:38pm
Quoting pipsqueesk
I am new to this forum and noticed that NYSE is looking for people to do a test with a new EA. I am interested in joining in with this test. How do I get a copy of it please

ok download the following indicators from thread 271 and 226.
  • #275
  • Feb 27, 2009 2:55pm Feb 27, 2009 2:55pm
Than you NYSE. I will give it a try
  • #276
  • Feb 27, 2009 2:55pm Feb 27, 2009 2:55pm
Quoting PipPig
Looking good Flash, you're a very skilled programmer. Going to spend some of the weekend manually back testing. Have a nice weekend.

p.s. Being able to distinguish between the up volume and down volume is great, gives us a much clearer picture of what is happening in each candle.
yeh, looks good, I've had alot of good entries using the indicators
  • #277
  • Feb 27, 2009 3:14pm Feb 27, 2009 3:14pm
Hi NYSE

Forgive my ignorance but can you or someone please explain what the latest two new indicators from Forexflash are showing. ie the VSA Histogram and the Volume Histogram and how they are relevant in terms of entries.

Thanks Forexflash for all your efforts.

Madog
  • #278
  • Feb 27, 2009 3:27pm Feb 27, 2009 3:27pm
Volume histogram shows VOLUME ONLY!!!
Green line BuyVolume,
red line SellVolume,
orange(middle line) is difference(streghtening or weakening)

VSA histogram shows visualy the price action!!!
Green line (H\L),
red line (H\C),
orange(middle line) is Spread (H\L-H\C)

Regards
forexflash
  • #279
  • Feb 27, 2009 3:54pm Feb 27, 2009 3:54pm
Quoting FOREXflash
Volume histogram shows VOLUME ONLY!!!
Green line BuyVolume,
red line SellVolume,
orange(middle line) is difference(streghtening or weakening)

VSA histogram shows visualy the price action!!!
Green line (HL),
red line (HC),
orange(middle line) is Spread (HL-HC)

Regards

Hi ForexFlash,

Thanks again, much appreciated

Madog
  • #280
  • Feb 27, 2009 5:09pm Feb 27, 2009 5:09pm
Quoting FOREXflash
Volume histogram shows VOLUME ONLY!!!
Green line BuyVolume,
red line SellVolume,
orange(middle line) is difference(streghtening or weakening)

VSA histogram shows visualy the price action!!!
Green line (HL),
red line (HC),
orange(middle line) is Spread (HL-HC)

Regards
Flash...I'm thinking I'm promoting you..your new title is Chief Strategist!!
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