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Volume Spread Analysis (VSA) Discussion 2 replies

Volume Spread Analysis (VSA) and background 5 replies

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Volume Spread Analysis (VSA) and the EURUSD 3 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #701
  • Mar 6, 2009 11:18pm Mar 6, 2009 11:18pm
Quoting bosun2007
If you know how the zigzag works then you know how 3 semafor works. Its just 3 zigzag in 1 is all.

If you take a zigzag and set it to any of the 3 semafor zigzag levels it will draw out the same levels as the 3 semafor.

fini

Xard777
thanks for that...how beneficial do you believe this indicator to be? Have you tested it??
  • #702
  • Mar 6, 2009 11:23pm Mar 6, 2009 11:23pm
Quoting taomql4
Looks like everything is normal in the neighbourhood--right--on the Daily charts

well look closely --with the red arrow--an upthrust bar--- thats SMART MONEY AT WORK--hmmm---lets go to the 4 hr chart, shall we-lets take a closer look.

a classic "smart money operation" on a downtrend--notice i they absorb the volume----they will do what they have to do-even take hits--its all for the Goood..

Best
brilliant analogy
  • #703
  • Mar 6, 2009 11:39pm Mar 6, 2009 11:39pm
Quoting nyse1982
thanks for that...how beneficial do you believe this indicator to be? Have you tested it??
I have used normal zigzag indicator that is always on mt4 platform and it is only good for redundancy/back-up because it repaints.I have not used this new zigzag indicator but it is evident that it also repaints.This single property makes impossible to backtest the prior performances of this indicator and that is why we cannot but subject it to a reasonable length of time for forward testing.
we cannot succeed without a well defined risk management.
  • #704
  • Mar 6, 2009 11:45pm Mar 6, 2009 11:45pm
Quoting bosun2007
I have used normal zigzag indicator that is always on mt4 platform and it is only good for redundancy/back-up because it repaints.I have not used this new zigzag indicator but it is evident that it also repaints.This single property makes impossible to backtest the prior performances of this indicator and that is why we cannot but subject it to a reasonable length of time for forward testing.

good point I've noticed that about the zigzag also..well back to the drawing board..
  • #705
  • Mar 6, 2009 11:55pm Mar 6, 2009 11:55pm
Quoting wallst500
Hi All,

Would this have been considered an UPTHRUST bar on the GBPUSD 15M

Any help would be appreciated

Thanks
yes..how did you do on that trade??
  • #706
  • Mar 7, 2009 12:27am Mar 7, 2009 12:27am
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...
great indicators!!
  • #707
  • Mar 7, 2009 12:32am Mar 7, 2009 12:32am
Quoting bosun2007
I have used normal zigzag indicator that is always on mt4 platform and it is only good for redundancy/back-up because it repaints.I have not used this new zigzag indicator but it is evident that it also repaints.This single property makes impossible to backtest the prior performances of this indicator and that is why we cannot but subject it to a reasonable length of time for forward testing.
Yeah, anything that repaints is typically a Bee-itch. Everyone wants to grab the extreme highs/lows BUT... if it turns out that this one anchors after only 2 bars and there's a sizable run afterwards, I'd gladly give up 10% on each side of the run (20% total) to grab the other 80% in between any day. Question is...what happens if the run is short in length? Now you're in trouble. Like you said, it will have to be tested and this one didn't arrive in the mailbox today until just prior to close of trading on a Friday, no less, so there's no way to know 4 sure until Monday and then some afterwards. The other question I have about it that I need clarification on is how closely aligned to VSA is this thing really?
- Bowen (a.k.a. Wolf)
  • #708
  • Mar 7, 2009 12:46am Mar 7, 2009 12:46am
Quoting malcolmb14
i wished i could but VSA is not as simple as most in this forum think it is..... you are doing a great job coding singular vsa triggers .. however if you use ninjatrader this has been done already . Piters has the coding.

i am just trying to explain that to be really good at vsa and get into the runs on a 2 hour chart that go for hundred of pips you have to look at what has happened before the VSA signal .

I have been a use of tradeguider for over a year , and now cast it aside as all i need is a chart with volume on it. i look at 4 time frames...
I spent some more time with Master the Markets today at Starbucks and I can understand where your coming from about looking at what has been going on in the recent past with VSA. I think taking every VSA signal that comes in isolation may be profitable, but not nearly as profitable as taking into account what has been going on in the recent past and applying that to the interpretation of the current VSA.

On a side note, I can see where FTI is coming from much better now. Once you can recognize what is going on with the smart money, trading FTI's MO seems much more viable for me...
  • #709
  • Mar 7, 2009 1:56am Mar 7, 2009 1:56am
don't get me wrong... it is great intellectual candy.... really gets your imagination going with smart money and defining bars with volume.

i, for one, want a track record before i drink the koolaid.

the conversion of billions of dollars in payroll checks a day create a bit of a problem for the smart money theory, at least in my mind.

does the globex represent a close enough estimate of volumes in banks each day?

it is all a bit too hairy to define in the simple terms of the first few posts. and i do not believe in cycles (not now, anyway)
  • #710
  • Mar 7, 2009 5:31am Mar 7, 2009 5:31am
Quoting tdion
i, for one, want a track record before i drink the koolaid.
If you want a track record why don't you put in the time to see if it works. Dang, what makes you feel the need to show up in every thread on this forum and be the voice of opposition. It gets really old.

Besides, you did over 3000% return last year, why the heck would you even care if VSA is viable or not.
  • #711
  • Edited 8:25am Mar 7, 2009 8:02am | Edited 8:25am
Sadly Tdion, you are ignorant to what VSA really is. It is EXACTLY the Wyckoff method, which has a track record that is over 70 years old. Wyckoff's wealth was so great He lived next door to the Chairman of GM. Tom Williams spent an entire career as a syndicate prop trader trading Wyckoff methods. Really, you are the only uninformed one here and should do a better job of educating yourself before you post. It just goes to your lack of skill and depth.

Have you read the book I mentioned earlier, ( in your randomness thread ) for you to read? If you had your discussions would have changed, as you say you are educated in mathematics. I would have to say you have not, or you would have dropped your strange suppositions by now.

edit,

It is becoming increasingly difficult to read your posts of late. Your lack of knowledge is becoming painful to watch unfold.
I have never done this before, but I am now forced to put you on my ignore list, not because you have a different point of view. I welcome that, it is because you have been ignorant to nearly every topic you have posted about that I have had the misfortune of reading, and you choose to remain ignorant. That is time I will not get back, not to mention the disruption. Oh well, such is the way with public forums were anyone can post an opinion, whether they have the knowledge to back it up or not. This is doubly sad, because I actually think you have the ability, just too big an ego to see past your own beliefs and put in the serious research. Until you do, you will always be making posts like the one above and eventually fade away from trading. It may be just as well though, because you say you have a degree in computer science, perhaps that is where your true talent lies and where your successes will be found. I hope so, because you deserve the best that life can offer. Life is made more difficult when one spends time defending the un-defendable. I wish you well in your life and hope your find your inner peace.
  • #712
  • Mar 7, 2009 8:14am Mar 7, 2009 8:14am
Well said boys!!
  • #713
  • Mar 7, 2009 8:36am Mar 7, 2009 8:36am
thatwasme, I admire the way you handled that, you are a better man than I.
  • #714
  • Mar 7, 2009 8:41am Mar 7, 2009 8:41am
Quoting thatwasme
Sadly Tdion, you are ignorant to what VSA really is. It is EXACTLY the Wyckoff method, which has a track record that is over 70 years old. Wyckoff's wealth was so great He lived next door to the Chairman of GM. Tom Williams spent an entire career as a syndicate prop trader trading Wyckoff methods. Really, you are the only uninformed one here and should do a better job of educating yourself before you post. It just goes to your lack of skill and depth.

Have you read the book I mentioned earlier, ( in your randomness thread ) for you to read? If...
Can someone please code an indicator that can indicate the direction of a trend. Can the visual ques be posiibly diamonds of red or green that change color depending on the trend?

Green diamonds show trend is up
Red diamonds show trend is down
White diamonds show trend is changing


Also can you include a congestion indicator which can identify areas of congestion and display them on the chart. This can help us ride through risky congestion areas and benefit from the full potential of a move without being subject to whipsaws.

As per Tom Williams..

Also it would be great if we visual impact of supply and demand in the market represented by
red and green squares..
  • #715
  • Mar 7, 2009 8:54am Mar 7, 2009 8:54am
Quoting nyse1982
Can someone please code an indicator that can indicate the direction of a trend. Can the visual ques be posiibly diamonds of red or green that change color depending on the trend?

Green diamonds show trend is up
Red diamonds show trend is down
White diamonds show trend is changing


Also can you include a congestion indicator which can identify areas of congestion and display them on the chart. This can help us ride through risky congestion areas and benefit from the full potential of a move without being subject to whipsaws.

As per Tom...
Just look at the bar for the d1 for daily trend (bar up = trend up, bar down = trend down). It's simple and works.

If you need something on your chart, there are plenty of trend indicators already, just do a search on here or forex-tsd.

As I said I am in the process of getting some indicators written (unless someone here beats me to it LOL) that will not only indicate the various areas (congestion etc.) via text labels but will also paint candles etc.

Once they are done and sufficiently tested I'll post them up.
The trend always ends.
  • #716
  • Mar 7, 2009 10:04am Mar 7, 2009 10:04am
Quoting nyse1982
Can someone please code an indicator that can indicate the direction of a trend. Can the visual ques be posiibly diamonds of red or green that change color depending on the trend?

Green diamonds show trend is up
Red diamonds show trend is down
White diamonds show trend is changing


Also can you include a congestion indicator which can identify areas of congestion and display them on the chart. This can help us ride through risky congestion areas and benefit from the full potential of a move without being subject to whipsaws.

As per Tom...
This is a pure MTF trend indicator........
Attached File(s)
File Type: mq4 MF_Bar.mq4   8 KB | 877 downloads
forexflash
  • #717
  • Mar 7, 2009 10:10am Mar 7, 2009 10:10am
Quoting FOREXflash
This is a pure MTF trend indicator........
thanks flash, question do you think it's possible to code any of those indicators I suggested?
  • #718
  • Mar 7, 2009 10:14am Mar 7, 2009 10:14am
Quoting FOREXflash
This is a pure MTF trend indicator........
so is this indicator supposed to help us determine when a trend is ending and starting?>
  • #719
  • Mar 7, 2009 10:15am Mar 7, 2009 10:15am
Quoting nyse1982
thanks flash, question do you think it's possible to code any of those indicators I suggested?
If you want me to code something you need to tell me exactly what,
and in terms of programing code...like:

if last 5 volume bars are geting smaller while 5 last candles going up
with spread biger than..........thant do this.......balhblablaa.
forexflash
  • #720
  • Mar 7, 2009 10:28am Mar 7, 2009 10:28am
Quoting FOREXflash
If you want me to code something you need to tell me exactly what,
and in terms of programing code...like:

if last 5 volume bars are geting smaller while 5 last candles going up
with spread biger than..........thant do this.......balhblablaa.
So let me get this straight the green arrows show a trend is moving up, the red arrows show a trend reversal and the white arrow means the trend is moving sideways?
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