Can someone give some info on the backtest on EUR/USD using the new indicators!
Volume Spread Analysis (VSA) Discussion 2 replies
Volume Spread Analysis (VSA) and background 5 replies
What is the best VSA (Volume Spread Analysis) system/indicator? 1 reply
Volume Spread Analysis (VSA) and the EURUSD 3 replies
VSA Volume Spread Analysis: No demand and accumlation 2 replies
DislikedSo we have to always look out for Weakness in a uptrend and for strength in a down Trend. Each bar could be characterized to indicate Strength or Weakness based on the Spread and volume. We will start with looking out for weakness. First we will look into one of the most easily identifiable and strong indication of weakness which is commonly called the UPTHRUST Bar
[size=3][size=3]An Upthrust Bar is a wide range bar, with a high volume and closing down. It indicates that the prices were marked up during the day (for simplicity...Ignored
DislikedHigh volume Upthrust are a sure indication of weakness, higher the Volume the stronger the indication. It may be even wise to get out of the stock if the Upthrust has ultra high volume. Wider the spread more potent the Upthrust. Lower the closer the stronger the indication of weakness. Ideally it should close should be the Low. If the close is towards the middle it would mean than the SM was not successful in marking the price down. There was too much demand.
[size=3]An ideal Upthrust will move into new territory. The High will...Ignored
Disliked[size=3]
So we have to always look out for Weakness in a uptrend and for strength in a down Trend. Each bar could be characterized to indicate Strength or Weakness based on the Spread and volume. We will start with looking out for weakness. First we will look into one of the most easily identifiable and strong indication of weakness which is commonly called the UPTHRUST Bar
[size=3]An Upthrust Bar is a wide range bar, with a high volume and closing down. It indicates that the prices were marked up during the day (for simplicity we use day, it...Ignored
DislikedThe obvious next question would be "What to do when we see an Upthrust".
The next bar after the UPthrust is very important. That helps us decide our action.
[size=2]If the next bar is a Downbar closing down it is clear that the weakness and set in and the immediate trend is reversing. Here again the volume is an important indication. If the volume is high then it time to get out and wait to short. If the volume is low the weakness is not so pronounce and it may be worthwhile to wait and watch next bar movement....Ignored
DislikedLooks like the charts from post #185 describe what you are referring to. It would be great if the MT4 indicators posted in this thread were more like those charts, or utilize a horizontal bar with blue showing buy territory, red showing sell territory, and yellow showing ranging territory - kind of similar to one of the pdf's posted in this thread (based on volume/spread relationship).Ignored
DislikedI see your point eagle the thing is though that trading program $2995, why pay someone that kind of money when we have all the instructions to create one here..Sure it's not glamourous and glitzy but flash has dressed it up as good as it's going to get..We can trade using the basics from what we have, I've posted trades that I've placed using the beta platform.So obvisouly it does work..People just need to get a better grasp of what signs to look for, which I explain most of them in the threads!Ignored
DislikedLooks like the charts from post #185 describe what you are referring to. It would be great if the MT4 indicators posted in this thread were more like those charts, or utilize a horizontal bar with blue showing buy territory, red showing sell territory, and yellow showing ranging territory - kind of similar to one of the pdf's posted in this thread (based on volume/spread relationship).Ignored
NT certainly does not have the speed of MT4 to move from a chart to another and to upload a new one, it is a bit slow on this, and consumes more resources, thus not suitable for some older PC.
Lubo.
DislikedCan you explain how did you add those indicators? Did you have to write code or are th ose available to users of the software?Ignored
DislikedExcellent posts Forexflash, you've answered a lot of my questions with these.
Thanks
MadogIgnored
Dislikednyse1982,
I've noticed your last several posts have been 'word for word' takes from Karthik Marar. (attachment on post #185)
I've followed Karthik Marar on another forum for some time and he's an excellent trader. If you're going to plagiarize his work, at least give him credit.Ignored