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Volume Spread Analysis (VSA) Discussion 2 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #541
  • Mar 4, 2009 1:37pm Mar 4, 2009 1:37pm
Quoting ShamusFamous
Forexflash. I have the latest version of your indicator but really have no idea how it's used. Somehow (from what I read here so far and your indicator) I managed to grab some pips on the GU. I had a signal from my own system and the bell on your thing started going nutty.

Is there a post or document that describes how to read or interpret your indicator?

I have some ideas for you as well once I understand it better.
Did you read the 3 paste posts I made with detailed explanation of the VSA?
Look here......http://www.mrswing.com/articles/sear...ead%20Analysis

And I already said that I trade my own system with the adition of VSA!
forexflash
  • #542
  • Mar 4, 2009 2:01pm Mar 4, 2009 2:01pm
3 more trades....LOL
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 67 KB
forexflash
  • #543
  • Mar 4, 2009 2:47pm Mar 4, 2009 2:47pm
Quoting FOREXflash
Did you read the 3 paste posts I made with detailed explanation of the VSA?
Look here......http://www.mrswing.com/articles/sear...ead%20Analysis

And I already said that I trade my own system with the adition of VSA!

Yes I've read those. I am wondering specifically about the bars and line in the V&S Spread and alert indicator.

I am looking at it in conjunction with the other code you wrote (volume spread analysis)

Maybe it's the timeframe (although I think with VSA TF doesn't matter) but they don't seem to correlate at all with the candle movement I see.

One bar looks like it should be going up from what I have seen prior but it doesn't, it goes down.

The alert gets a little crazy as well (it dings on every move) When it does alert that the spread is bigger than 50 what is it getting that from because it usually says the spread is less than that on VSA indicator.

I too would like to use VSA in partnership with my own systems.

Thanks for your time and I appreciate whatever help you can offer so I might better understand the indicators you've graciously provided.

If anyone else can help that would be appreciated as well.
The trend always ends.
  • #544
  • Mar 4, 2009 2:54pm Mar 4, 2009 2:54pm
Quoting ShamusFamous
Yes I've read those. I am wondering specifically about the bars and line in the V&S Spread and alert indicator.

I am looking at it in conjunction with the other code you wrote (volume spread analysis)

Maybe it's the timeframe (although I think with VSA TF doesn't matter) but they don't seem to correlate at all with the candle movement I see.

One bar looks like it should be going up from what I have seen prior but it doesn't, it goes down.

The alert gets a little crazy as well (it dings on every move) When it does alert that the spread is...
What pair are you using, and how many decimals the pair price have???

EDIT: Five more profitable trades.....IM DONE FOR THE DAY!
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 68 KB
forexflash
  • #545
  • Mar 4, 2009 3:00pm Mar 4, 2009 3:00pm
Quoting FOREXflash
What pair are you using, and how many decimals the pair price have???

EDIT: Five more profitable trades.....IM DONE FOR THE DAY!
Congratulations excellent results.

GBP/USD

I am using a 5 decimal broker. The current price is 1.41685
The trend always ends.
  • #546
  • Mar 4, 2009 3:06pm Mar 4, 2009 3:06pm
Quoting ShamusFamous
Congratulations excellent results.

GBP/USD

I am using a 5 decimal broker. The current price is 1.41685
I dont see a possible problem!
I tested the indicator(VOLUME&SPREAD VISUAL) and everything is ok!
I compared the VOLUME&SPREAD VISUAL with the VOLUME SPREAD ANALYSIS v4 and the number(SPREAD) is exactly the same for both indicators......
Try to check yourself.....if you put the mouse exactly over the spread line
you will get a pop message with the current spread, and if you check that
number with the spread from V4 you will see that they are exactly the same!!!

!!!SPREAD IS HIGH-LOW!!!
forexflash
  • #547
  • Mar 4, 2009 3:24pm Mar 4, 2009 3:24pm
Quoting FOREXflash
I dont see a possible problem!
I tested the indicator(VOLUME&SPREAD VISUAL) and everything is ok!
I compared the VOLUME&SPREAD VISUAL with the VOLUME SPREAD ANALYSIS v4 and the number(SPREAD) is exactly the same for both indicators......
Try to check yourself.....if you put the mouse exactly over the spread line
you will get a pop message with the current spread, and if you check that
number with the spread from V4 you will see that they are exactly the same!!!

!!!SPREAD IS HIGH-LOW!!!
I didn't say there was a problem. I said I was having a hard time understanding how to read the two indicators. ie what doe the bar mean when it's green for instance, and what is it's relationship to the white line, and how does the other indicator correlate to give you a clearer picture of where price is likely to go?

I am just trying to better understand your indicators so that I can learn VSA in a visual way.

Perhaps nyse can chime in if you don't have the time.

I thank you again for any assistance you can provide.
The trend always ends.
  • #548
  • Mar 4, 2009 3:30pm Mar 4, 2009 3:30pm
...after all this is a nyse1982 thread, and I will let him talk about VSA,
cos I dont trade VSA alone!

These seem to be the general technical rules for VSA, although there
are likely many more that I have not read about yet --

-- up bars with excessive volume = weakness
-- down bars with excessive volume = strength
-- up bar with low volume means mark-down can begin (time to short)
-- down bar with low volume means mark-up can begin (go long)
-- down bars, narrow spread (diff between H & L), low vol = bullish
-- up bars, low vol, near resistance = bearish
-- wide spread, high vol, near trend line = expect trend line break
-- small spread, small vol, near trend line = expect trend line bounce

...also everyone should read this......
Regards
Attached File(s)
File Type: pdf VSA BASICS.pdf   665 KB | 1,013 downloads
forexflash
  • #549
  • Mar 4, 2009 3:38pm Mar 4, 2009 3:38pm
hi where do i find info about the level sensor...?
how is it used ?
StopLoss is for none belivers... Trust the Gurus..
  • #550
  • Mar 4, 2009 3:40pm Mar 4, 2009 3:40pm
Quoting lillelise
hi where do i find info about the level sensor...?
how is it used ?
TRY MQL4 FORUM UNDER INDICATORS!
forexflash
  • #551
  • Mar 4, 2009 3:43pm Mar 4, 2009 3:43pm
TH
StopLoss is for none belivers... Trust the Gurus..
  • #552
  • Mar 4, 2009 3:59pm Mar 4, 2009 3:59pm
Here is my first contribution to this thread. This indicator will place a yellow bar on a defined NARROW bar and a Aqua bar on a defined WIDE bar. all others are average.

Enjoy. I also wrote the volume indicator a little differently to check if the current volume bar is the greatest or weakest within the last 2 bars back from the current. Green is greater and red is weaker and yellow is neutral.

I also put the spread indicator in a separate indicator that can be applied on top of the Volume indicator so it will scale correctly in all time frames when you go back and forth.

I also put in a number of bars to display, so that these do not eat up all your CPU
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_050.jpg Size: 84 KB
Attached File(s)
File Type: mq4 CDRW BarType.mq4   3 KB | 907 downloads
File Type: mq4 CDRW Spread.mq4   2 KB | 910 downloads
File Type: mq4 CDRW Volume.mq4   2 KB | 964 downloads
  • #553
  • Mar 4, 2009 4:12pm Mar 4, 2009 4:12pm
Quoting FOREXflash
...after all this is a nyse1982 thread, and I will let him talk about VSA,
cos I dont trade VSA alone!

These seem to be the general technical rules for VSA, although there
are likely many more that I have not read about yet --

-- up bars with excessive volume = weakness
-- down bars with excessive volume = strength
-- up bar with low volume means mark-down can begin (time to short)
-- down bar with low volume means mark-up can begin (go long)
-- down bars, narrow spread (diff between H & L), low vol = bullish
-- up bars, low vol,...
First time posting. You guys are awesome (nyse1982 and ForexFlash) mainly and all others who have contributed to this thread. Your patience, knowledge and generosity are to be commended. Keep up the excellent work. I am looking forward to being able contribute to this thread. THX
  • #554
  • Mar 4, 2009 4:20pm Mar 4, 2009 4:20pm
Quoting FOREXflash
What pair are you using, and how many decimals the pair price have???

EDIT: Five more profitable trades.....IM DONE FOR THE DAY!
flash your indicators all look cool, I want them, give up those codes..stop holding out...
  • #555
  • Mar 4, 2009 4:23pm Mar 4, 2009 4:23pm
Quoting ShamusFamous
I didn't say there was a problem. I said I was having a hard time understanding how to read the two indicators. ie what doe the bar mean when it's green for instance, and what is it's relationship to the white line, and how does the other indicator correlate to give you a clearer picture of where price is likely to go?

I am just trying to better understand your indicators so that I can learn VSA in a visual way.

Perhaps nyse can chime in if you don't have the time.

I thank you again for any assistance you can provide.
well I just use his newest indicator! I find that you can use the visual spread ead and H/L and H/C to figure out entry and exit points. In my trades I've explained why I did make a particular trade..everything is explained out..
  • #556
  • Mar 4, 2009 4:24pm Mar 4, 2009 4:24pm
Quoting FOREXflash
3 more trades....LOL
nice job ...

if you downloaded the daily fib pivot indie I posted yesterday and plotted it on mt4 chart you will find gj been channeling most of day from 140.06 (100 5 fib ) to 140.66 (1213 % fib). The 100 % daily fib is a tough one to break and once it does forms major support

only did it 5 times......but for a ranging day 200 pip will do if you have the patience.

I traded channel twice and then got distracted by Call of Duty ,...lol
Blogging daily now at www.volume.zone
  • #557
  • Mar 4, 2009 4:28pm Mar 4, 2009 4:28pm
Quoting FOREXflash
...after all this is a nyse1982 thread, and I will let him talk about VSA,
cos I dont trade VSA alone!

These seem to be the general technical rules for VSA, although there
are likely many more that I have not read about yet --

-- up bars with excessive volume = weakness
-- down bars with excessive volume = strength
-- up bar with low volume means mark-down can begin (time to short)
-- down bar with low volume means mark-up can begin (go long)
-- down bars, narrow spread (diff between H & L), low vol = bullish
-- up bars, low vol,...
Yes, well said guys basically look at that pdf and read it over and over, until you get it..I can paste a ton of trade examples but it seems people still can't grasp the most important concept. That green up bars means weakness and you can gage the amount of strength based on the volume...The down bars are strength you can gage the amount strength based on the volume..On down bars if your getting heavy volume whats that really is saying is that smart money is accumulating at discount prices. Also look at the H/L and H/C b/c occassionally you'll get heavy down bars but the H/L and H/C is higher then the previous down bar..This is sending a signal saying that behind the scene strength is waiting in the bacground b/c if it was true strength on the down bar your H/L and H/C would be lower then the previous down bar!!
  • #558
  • Mar 4, 2009 4:31pm Mar 4, 2009 4:31pm
Quoting thatwasme
Here is my first contribution to this thread. This indicator will place a yellow bar on a defined NARROW bar and a Aqua bar on a defined WIDE bar. all others are average.

Enjoy. I also wrote the volume indicator a little differently to check if the current volume bar is the greatest or weakest within the last 2 bars back from the current. Green is greater and red is weaker and yellow is neutral.

I also put the spread indicator in a separate indicator that can be applied on top of the Volume indicator so it will scale correctly in all time...
your amazing...
great indies...
  • #559
  • Mar 4, 2009 4:39pm Mar 4, 2009 4:39pm
Quoting nyse1982
Yes, well said guys basically look at that pdf and read it over and over, until you get it..I can paste a ton of trade examples but it seems people still can't grasp the most important concept. That green up bars means weakness and you can gage the amount of strength based on the volume...The down bars are strength you can gage the amount strength based on the volume..On down bars if your getting heavy volume whats that really is saying is that smart money is accumulating at discount prices. Also look at the H/L and H/C b/c occassionally you'll...
Second time posting. You guys are awesome (nyse1982 and ForexFlash) mainly and all others who have contributed to this thread. Your patience, knowledge and generosity are to be commended. Keep up the excellent work. I am looking forward to being able contribute to this thread. THX
  • #560
  • Mar 4, 2009 4:46pm Mar 4, 2009 4:46pm
Quoting FOREXflash
...after all this is a nyse1982 thread, and I will let him talk about VSA,
cos I dont trade VSA alone!

These seem to be the general technical rules for VSA, although there
are likely many more that I have not read about yet --

-- up bars with excessive volume = weakness
-- down bars with excessive volume = strength
-- up bar with low volume means mark-down can begin (time to short)
-- down bar with low volume means mark-up can begin (go long)
-- down bars, narrow spread (diff between H & L), low vol = bullish
-- up bars, low vol,...

chart on page 5 of pdf and gj right now look same . i am expecting a breakout higher on GJ at some point in the near future into 145 and maybe even 150

every move down on gj into 135 is a low volume market test , and is being bought ...as we move up into 140 the volume is increasing showing there is buying.

All we need now is a very high volume breakout day , this will be designed to lock you our of the trade and to have the sellers running for the door. Note the initial breakout on lower time frame will have to be on high volume , so if you do not catch the initial breakout always WAIT for a pullback with a low volume down bar , indicating that supply has dried up

Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-370.png Size: 185 KB
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