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Volume Spread Analysis (VSA) Discussion 2 replies

Volume Spread Analysis (VSA) and background 5 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #761
  • Mar 8, 2009 10:05am Mar 8, 2009 10:05am
Quoting FOREXflash
and ...............
exactly what I'm speaking of can someone please code some indicators similar to those posted above..I'm sure we have plenty brainpower in this forum to get this done
  • #762
  • Mar 8, 2009 10:07am Mar 8, 2009 10:07am
Hi nyse1982,

I´m quite new on this thread and reading, this looks very interesting. I only knew about VSA from Futures, and as far as I know MarketDelta with their Footprint charts shows the inside volume and spreads ( inside the bar ). I`ll follow the thread up to it`s beginnings and try to grasp the essentials before asking stupid questions....
M.
Be like water.
  • #763
  • Mar 8, 2009 10:17am Mar 8, 2009 10:17am
Quoting JimmyB
The book on secret science of price and volume
is very interesting it was to large to attached , but I attached the cover
and you can down load it from xxx4sharedxxx
you can also get the program traderguide just search for them both


In the secret science book he adds up total volume for Zigzag lag,
volume for each leg is higher or lower

Attached is a zigzag indicator that count the pips between each lag
maybe someone could add volume to it
hey thanks...Can someone add volume to this indicator??
  • #764
  • Mar 8, 2009 10:19am Mar 8, 2009 10:19am
Quoting msmarple
Hi nyse1982,

I´m quite new on this thread and reading, this looks very interesting. I only knew about VSA from Futures, and as far as I know MarketDelta with their Footprint charts shows the inside volume and spreads ( inside the bar ). I`ll follow the thread up to it`s beginnings and try to grasp the essentials before asking stupid questions....
M.
yeh start from page 11
  • #765
  • Mar 8, 2009 10:23am Mar 8, 2009 10:23am
The truth is were getting really close to perfecting this VSA Method and streamline it into a condensed set of indicators including indicators for entry and exit points..I'm really excited of the possibilities..and were really gaining momentum. Thanks everyone Once this is completed I'm going to print everyone of our members ATM cards so you can literally withdrawl money from forex..Imagine having your own trillion dollor bank account!! Get's me excited just thinking about it
  • #766
  • Mar 8, 2009 10:48am Mar 8, 2009 10:48am
Do you have an EA written yet ..............


Quoting nyse1982
The truth is were getting really close to perfecting this VSA Method and streamline it into a condensed set of indicators including indicators for entry and exit points..I'm really excited of the possibilities..and were really gaining momentum. Thanks everyone Once this is completed I'm going to print everyone of our members ATM cards so you can literally withdrawl money from forex..Imagine having your own trillion dollor bank account!! Get's me excited just thinking about it
In trading, there is no bullshit. You either make money or you don't.
  • #767
  • Mar 8, 2009 10:48am Mar 8, 2009 10:48am
Quoting nyse1982
To help our members realize when a bullish rally has reached exhaustion, I've included an...
my 2 cents



when you see exhaustion like this look for a double top with a no demand bar ... here is my chart


Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #768
  • Mar 8, 2009 10:50am Mar 8, 2009 10:50am
Well I've been analyzing the 4HR and 15m charts and we have confirming signals. On the 4hr we have Candle 0 which closed down on low volume and the spread narrowed compared to previous bars. Which signifies a possible revesal on the next bar. From viewing the 15m chart we have a green bar which is candle 1 bounce of 23.6 fibo line. Also notice how candle 0 closes on lower volume and a narrowing spread, which signifies we have a reversal to the upside. So the 4hr says reversal to upside and confirmed with the 15m.


The following points represent the path of least resistance:

•

If selling has decreased on any down-move, the market will then want to go up (no selling pressure).


•

If buying has decreased on any up-move, the market will want to fall (no demand),


Both these points represent the path of least resistance.

•

It takes an increase of buying, on up-days (or bars), to force the market up.


•

It takes an increase of selling, on down-days (or bars), to force the market down.


•

No selling pressure (no supply) indicates that there is not an increase in selling on any down-move.


• No demand (no buying), shows that there is little buying on any up-move.


Tom Williams
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  • #769
  • Mar 8, 2009 11:01am Mar 8, 2009 11:01am
Quoting nyse1982
Well I've been analyzing the 4HR and 15m charts and we have confirming signals. On the 4hr we have Candle...
background says there is pro selling in this upper area ... we have seen end of a rising market followed by reversal after effort to rise. I would be very hesitant to buy any breakouts of this area to upside with those signs in the background on a 15 min chart

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  • #770
  • Mar 8, 2009 11:14am Mar 8, 2009 11:14am
Quoting malcolmb14
background says there is pro selling in this upper area ... we have seen end of a rising market followed by reversal after effort to rise. I would be very hesitant to buy any breakouts of this area to upside with those signs in the background on a 15 min chart

Attachment
whats the spread on that long red bar and the following green bars??
  • #771
  • Mar 8, 2009 11:22am Mar 8, 2009 11:22am
malc,

As you're using FXCM, do you use their market depth feature at all in your trading?
yyssw
  • #772
  • Mar 8, 2009 11:56am Mar 8, 2009 11:56am
Quoting nyse1982
whats the spread on that long red bar and the following green bars??

sorry not sure on question ?

that last red bar down is wide spread high vol ..... met with buyers ...but note how the buyers are running out and the last 1.5 hours of the market the rise was due to the odd 20 point rise in the ES . Not sure what is going on there ... could be they are trying to shake out the weak shorts ...
Blogging daily now at www.volume.zone
  • #773
  • Mar 8, 2009 11:58am Mar 8, 2009 11:58am
Quoting bagpuss
malc,

As you're using FXCM, do you use their market depth feature at all in your trading?

no i do not .... I have used total view in nasdaq before .... and man do the market makers play that , one mninute looks like there is massive buy orders ... then as you go long they evaporate
Blogging daily now at www.volume.zone
  • #774
  • Mar 8, 2009 12:10pm Mar 8, 2009 12:10pm
Quoting malcolmb14
sorry not sure on question ?

that last red bar down is wide spread high vol ..... met with buyers ...but note how the buyers are running out and the last 1.5 hours of the market the rise was due to the odd 20 point rise in the ES . Not sure what is going on there ... could be they are trying to shake out the weak shorts ...
You can tell selling is occuring on those bars b/c the volume is trending down on those past bars..that last bar is probably weak holders getting in on the top...So mostly certainly you'll get a pull back, however it looks as though it's going to be short lived b/c there wasn't much strength on those green bars on the up move...
  • #775
  • Mar 8, 2009 12:12pm Mar 8, 2009 12:12pm
Quoting JimmyB
The book on secret science of price and volume
is very interesting it was to large to attached , but I attached the cover
and you can down load it from xxx4sharedxxx
you can also get the program traderguide just search for them both


In the secret science book he adds up total volume for Zigzag lag,
volume for each leg is higher or lower

Attached is a zigzag indicator that count the pips between each lag
maybe someone could add volume to it
I tried to download that PDF and I'm getting an error that the file is corrupted..Can you post a link to where I can get it??
  • #776
  • Mar 8, 2009 12:19pm Mar 8, 2009 12:19pm
Quoting nyse1982
You can tell selling is occuring on those bars b/c the volume is trending down on those past bars..that last bar is probably weak holders getting in on the top...So mostly certainly you'll get a pull back, however it looks as though it's going to be short lived b/c there wasn't much strength on those green bars on the up move...

i was looking at past background and what happened at the very top ... when we tried to break old highs ... and how this was on a wide spread high vol candle .. but no follow and reversal after effort to rise. This tells me that to be on safe side , when i see a nice set up on a rally i should be selling 15 min eurusd as that is what the smart money seems to be doing for now. This is how to make the trades of 100 - 200 pips intraday. Going longo n a 5 min would work BUT right now pros are selling it seems not buying ... so going long one is trading with the herd not the pros , when pros are not in the market the market should go sideways in a range.
Blogging daily now at www.volume.zone
  • #777
  • Mar 8, 2009 12:25pm Mar 8, 2009 12:25pm
Quoting malcolmb14
i was looking at past background and what happened at the very top ... when we tried to break old highs ... and how this was on a wide spread high vol candle .. but no follow and reversal after effort to rise. This tells me that to be on safe side , when i see a nice set up on a rally i should be selling 15 min eurusd as that is what the smart money seems to be doing for now. This is how to make the trades of 100 - 200 pips intraday. Going longo n a 5 min would work BUT right now pros are selling it seems not buying ... so going long one is trading...
good point...
  • #778
  • Mar 8, 2009 12:28pm Mar 8, 2009 12:28pm
Quoting nyse1982
good point...

60 min high vol up bar hit with pro selling ..... i posted in mt4 as I know most use this ...

the nifty daily fib pivots is an indie I posted last week .. they are like magical things


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  • #779
  • Mar 8, 2009 12:42pm Mar 8, 2009 12:42pm
I just posted the first page it is to large to upload
just search here xxx.4shared.xxx

( the secret science of price and volume )
by timothy ord



Quoting nyse1982
I tried to download that PDF and I'm getting an error that the file is corrupted..Can you post a link to where I can get it??
Attached File(s)
File Type: pdf The Secret Science of Price and Volume.pdf   207 KB | 1,517 downloads
  • #780
  • Mar 8, 2009 1:32pm Mar 8, 2009 1:32pm
Many arguments arose on the application of vsa to forex trading.To a great extent,the opposition group established their reasons on the basis of decentralized nature of the forex market.They therefore claim that vsa cannot work in forex since each broker presents market volumes at any one time relative to the transactions on their own platform.To an appreciable degree, this is true.However,vsa relies on variations within market volumes and within price spreads.Even though there is inconsistency in the market volume from one broker to another at any one time,yet from time to time there is similar change in volume at a given interval from one broker to the other.That is,similar slope will be obtained if volume is ploted against spread at any given time even when different brokers are considered.For instance,if volume changes from 30 to 60 while spread changes from 1 to 3 on ibfx at a particular time and volume changes from 60 to 120 while spread changes from 2 to 6 on alpari at the same time.ploting volume against spread in either cases we have slopes of 15 and 15 on ibfx and alpari respectively.Although the slopes may not always be identical,however,they should be similar,That is either positive slope in both cases or negative slope in both cases or zero or infinity.Therefore,the variations in the market volumes across various forex broker is corrected by considering the relative gradient or slope at any one time.I think I am close to the point.Thanks for your time
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