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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

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Learn to Trade using VSA (Volume Spread Analysis)

  • #1,001
  • Mar 11, 2009 8:46am Mar 11, 2009 8:46am
Quoting thatwasme
Unfortunately I do not want to commit that much time to this forum. I have probably spent too much time here already. I am very sorry, I should not have posted. I only did so that others might see my methodology.

I will step aside now. I am truly sorry for the inconvenience.

PS, look at the 4 hour EURUSD a nice Upthurst on high volume, if it holds to the end of the bar.
LOL!!! Somebody's got a nice little secret that they are not willing to share with their play mates. Sure looks like you have that one dialed in perfectly Thatwasme. Congratulations, you are the first horse to cross the finish line. I'm happy for you and sad for us that you won't share it. Can't trade VSA with an EA, huh? Nice job and kudos to you!
- Bowen (a.k.a. Wolf)
  • #1,002
  • Mar 11, 2009 8:59am Mar 11, 2009 8:59am
Quoting BlackWolf
LOL!!! Somebody's got a nice little secret that they are not willing to share with their play mates. Sure looks like you have that one dialed in perfectly Thatwasme. Congratulations, you are the first horse to cross the finish line. I'm happy for you and sad for us that you won't share it. Can't trade VSA with an EA, huh? Nice job and kudos to you!
I knew that chart looked suspicious...if it is an EA, it's a darn good one...i hope your not holding out that...b/c that would be tragic
  • #1,003
  • Mar 11, 2009 9:07am Mar 11, 2009 9:07am
Quoting nyse1982
I knew that chart looked suspicious...if it is an EA, it's a darn good one...i hope your not holding out that...b/c that would be tragic
Guys, please! It's not an EA I just use buy and sell scripts. I never place trades at the market, only with stop orders. Look at the upper right there is no ea there. I do not think I could write an EA for this. It requires too much discretion.

As for the Zig Zag, that is just a Gann Zigzag because it does not repaint and the Ord volume indi I wrote into the Gann zigzag. Ouch, what a way to go out on.

Have fun people. and the best of luck to all of you.
  • #1,004
  • Mar 11, 2009 9:12am Mar 11, 2009 9:12am
Quoting nyse1982
I knew that chart looked suspicious...if it is an EA, it's a darn good one...i hope your not holding out that...b/c that would be tragic
If it's not an EA, then the indi's alone are worth their weight in gold and could be used to build one for sure. Everything Thatwasme has on his charts (i.e., accumulated volume by swing) is straight out of the Secret Science of Price and Volume pdf book. I'm thinking Amibroker indicators converted and used in MT4 with the plugin. Am I right guys?

EDIT: np TWM, thanks for your insights here and we wish you well also. Very nice chart you have there, explains a lot.
- Bowen (a.k.a. Wolf)
  • #1,005
  • Mar 11, 2009 9:22am Mar 11, 2009 9:22am
Quoting thatwasme
Unfortunately I do not want to commit that much time to this forum. I have probably spent too much time here already. I am very sorry, I should not have posted. I only did so that others might see my methodology.

I will step aside now. I am truly sorry for the inconvenience.

PS, look at the 4 hour EURUSD a nice Upthurst on high volume, if it holds to the end of the bar.


hi, what's your understanding of upthrust ?

Shouldn't it be "into new highs BUT closing DOWN with high volume" ? on 4H eurusd it closed up..but i might be wrong..thanks for your help.
  • #1,006
  • Mar 11, 2009 10:08am Mar 11, 2009 10:08am
OK I don't have a chart showing trades as I'm not that organized lol. I did manage 194 pips overnight 0 losses and have one open trade on gu long at +53.8 right now with trailing stop.

for the most part the trades were my own system with vsa for trigger and exits or pure vsa. Probably an even mix.

with that I am going to bed. See you all in time for Tokyo open. Chat is still open and active so join in the discussion live. (link in sig)

I want to thank everyone in this thread and in the chat. I can tell it's going to be a fun ride.


PS as I was about to hit post I saw +59 on long gu. Leaving it open with wide ts so not sure how much I'll pull out.
The trend always ends.
  • #1,007
  • Mar 11, 2009 10:18am Mar 11, 2009 10:18am
PS Great post Thatwasme. I hope you do post some here and there at least. I understand if not and thank you for the time you've had with us here.
The trend always ends.
  • #1,008
  • Mar 11, 2009 10:35am Mar 11, 2009 10:35am
Here's the period converter indi that allows you to create charts of say 2/3/ etc minutes, in fact in multiples of 1 min.
Add it to any chart of 1min. In the inputs, change period multiplier to say 2 for a 2min chart, 7 for a 7min chart etc., whatever you want.
Then go to File/Open Offline. You will see a list of pairs with time. Open the one you want eg GBPUSD 2min, if that is what you created with the period converter.
Voila! Add your indis/template.
Note you must keep the 1 min chart open at all times for the 2min to run. You can minimise the 1 min chart.
You can run multiple non-standard tf's from a single chart, by adding the period converter again, with the multiplier you want.
Hope this helps.
Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 550 downloads
  • #1,009
  • Mar 11, 2009 10:38am Mar 11, 2009 10:38am
Looking for ord-volume indicator - anybody have one?

Quoting thatwasme
My trades for this morning. Done for the day
  • #1,010
  • Mar 11, 2009 12:19pm Mar 11, 2009 12:19pm
Quoting malcolmb14
look at that pin bar on high vol GU .... 1.4120 break could give a few geeen ones


Attachment
the indi on the right lines-colors, brown,aoua, pink,green brown can you post it for meta trader thx
  • #1,011
  • Mar 11, 2009 1:59pm Mar 11, 2009 1:59pm
Quoting avi
the indi on the right lines-colors, brown,aoua, pink,green brown can you post it for meta trader thx
If you have a proper look at that chart you will see that is not a Metatrader chart ... so why do you ask for it ????

so before asking for a favour off someone, why not at least think about it ?

.... this thread (as many before) is now going downhill as a direct result of its popularity.

Wait for loads more to turn up and ask all the 'basic questions' again without reading anything apart from the 1st post and those posted within the last 2 hours.

  • #1,012
  • Mar 11, 2009 2:32pm Mar 11, 2009 2:32pm
Quoting Willowgal
If you have a proper look at that chart you will see that is not a Metatrader chart ... so why do you ask for it ????

so before asking for a favour off someone, why not at least think about it ?

.... this thread (as many before) is now going downhill as a direct result of its popularity.

Wait for loads more to turn up and ask all the 'basic questions' again without reading anything apart from the 1st post and those posted within the last 2 hours.

With the greatest respect, I do not think this thread is going downhill. It is only natural that some will need more help than others - thats what we're all here for - to help each other, learn from each other, and most certainly not to tease people with setups and indicators that we are unwilling to share or to say what they are so as to give people the opportunity to assess whether its worth buying them if they're commercial.
as regards the colored lines Avi was asking about, I believe that is probably the indicator that shows maximum volume at a price point. If so, there is an indicator for that called market profile which I think has been posted here, which is for mt4 charts. Check the attachments. I believe that Lubo has also posted it for NT.
This is a great thread with great potential. I have learnt much from this thread, and haven't found similar learning in any other thread on this subject. Many contributors have already given generously and selflessly - may they be blessed with ever more pips. Lets keep it in the same vein, and friendly. Co-operation surely gives better results than competition.
Kindest regards
Pardy
  • #1,013
  • Mar 11, 2009 2:45pm Mar 11, 2009 2:45pm
Quoting eagle4x
Looking for ord-volume indicator - anybody have one?
Eagle, I spent the better part of the day searching the net for it and can't find much other than it being available for other non-MT4 platforms. I've pinged several genius coders on this forum and others and nobody seems to have it. The only one that I think does is Thatwasme but it doesn't appear he wants to share it. Maybe Shamous and his crew of programmers can whip one up for us? It's definitely an important one.
- Bowen (a.k.a. Wolf)
  • #1,014
  • Mar 11, 2009 3:30pm Mar 11, 2009 3:30pm
Quoting BlackWolf
Eagle, I spent the better part of the day searching the net for it and can't find much other than it being available for other non-MT4 platforms. I've pinged several genius coders on this forum and others and nobody seems to have it. The only one that I think does is Thatwasme but it doesn't appear he wants to share it. Maybe Shamous and his crew of programmers can whip one up for us? It's definitely an important one.
hope so, i remember elsewhere in the thread a request for an indi with cumulative volume for each leg, which is what the ord indi seems to be doing, if I'm not mistaken. Thatwasme's post shows how useful this can be, so thanks thatwasme.
Perhaps shamus or forex-flash or anyone else could help, can't be that difficult, wish I was a programmer!! Seems to be commercially available, as you say, if u look on google. Lubo, would you have something like that for NT??
Pardy
  • #1,015
  • Mar 11, 2009 4:35pm Mar 11, 2009 4:35pm
Quoting Pardy
hope so, i remember elsewhere in the thread a request for an indi with cumulative volume for each leg, which is what the ord indi seems to be doing, if I'm not mistaken. Thatwasme's post shows how useful this can be, so thanks thatwasme.
Perhaps shamus or forex-flash or anyone else could help, can't be that difficult, wish I was a programmer!! Seems to be commercially available, as you say, if u look on google. Lubo, would you have something like that for NT??
Pardy
The reason I am reluctant to share the Ord volume indi I wrote is two fold.
Timothy Ord holds a copyright on his intellectual property. He has never made that copy right available for free use. I Know he is very active in protecting his intellectual property and I am not interested in challanging his rights to it. I prefer the path of least resistance.

I know that I can use his concept for my own personal use without violation as I purchased a copy of his book from Amazon.Com. It cost me about $50.00. I find it reprehensible that it is posted here and violating his copyright.

This is not that difficult to write if you understand what he is saying about the accumulated volume from each leg and then taking an average of that.

I am posting the Gann Zigzag indicator I found from the MLQ4 forum and all I did was write my own volume calculations based on using iCustom for Index0 of the Gann Zigzag, and then just placed object texts and Comment fields. I am sure anyone who is proficient in Mt4 programming can do this also, with ease.

The other reason to a much lesser degree is how I was jumped on for not making everything I have done public, wthout even giving me a chance to offer my sideof the story. That hurt a bit as I have already written and posted 4 indicators for this thread. It is not like I have not been helping or sharing.

Here is the Gann zigzag if you want to work with it. I do not wish to take the risk of a law suit.
Attached File(s)
File Type: mq4 GannZigZag.mq4   14 KB | 701 downloads
  • #1,016
  • Mar 11, 2009 4:40pm Mar 11, 2009 4:40pm
Quoting taomql4
either am dead in the water or we are in for a major raLLY--LONG eurusd

i still haven't given up on the way you trade VSA--NYSE1982---haven't seen you in the forum today


hAVE SOME QUESTIONS FOR YOU--
Here I copied this info from Tom Williams, why don't you look for specific pattern. Look for trend notice how all the long aqua blue bars, are then followed by a bar of the opposite color. This means that a climax has occured, more like an imbalance.The pair will always pullback.


The Buying Climax

Brief Definition

: An imbalance of supply and demand causing a bull market to transform into a bear
market.



Explanation

: If the volume is seen to be exceptionally high, accompanied by narrow spreads into new high ground, you can be assured that this is a ‘buying climax’.It is called a buying climax because to create this phenomenon there has to be a huge demand for buying from the public, fund managers, banks and so on. It is into this buying frenzy, that syndicate traders and market-makers will dump their holdings, to such an extent that higher prices are now impossible. In the last phase of the buying climax, the market will be seen to close in the middle or high of the bar.




The Selling Climax

Brief Definition

: An imbalance of supply and demand causing a bear market to transform into a bull
market.



Explanation

: This is the exact opposite of a buying climax. The volume will be extremely high on down-moves, accompanied by narrow spreads, with the price entering fresh low ground.The only difference is that on the lows, just before the market begins to turn, the price will be seen to close in the middle or low of the bar. To create this phenomenon requires a huge amount of selling.
  • #1,017
  • Mar 11, 2009 4:48pm Mar 11, 2009 4:48pm
Hello,

I appreciate the posts you have made and I hope you continue to post when you get time.

Regards,
Jeff

Quoting thatwasme
The reason I am reluctant to share the Ord volume indi I wrote is two fold.
Timothy Ord holds a copyright on his intellectual property....
  • #1,018
  • Mar 11, 2009 5:03pm Mar 11, 2009 5:03pm
Quoting thatwasme
The reason I am reluctant to share the Ord volume indi I wrote is two fold.
Timothy Ord holds a copyright on his intellectual property. He has never made that copy right available for free use. I Know he is very active in protecting his intellectual property and I am not interested in challanging his rights to it. I prefer the path of least resistance.

I know that I can use his concept for my own personal use without violation as I purchased a copy of his book from Amazon.Com. It cost me about $50.00. I find it reprehensible that it is posted...
THAT we all have shown gratitude for your contributions and personally, we do like to have some fun and tease in the room..So don't feel hurt,we just want everyone to be able to profit from new info,thats the reason I've started this thread in the first place..I think that we all should understand that the more we help each other the stronger the group as a whole will become. I didn't know that starting this thread would bring so many people together..I ask that we continue that..b/c the more successful we become as a group the more people will hop onto the bandwagon and that means success for us all...besides as Blackwolf would say you teach a man to fish, he will be feed for a lifetime!
  • #1,019
  • Mar 11, 2009 5:10pm Mar 11, 2009 5:10pm
Any questions newbies, the markets quite a good time to ask..
  • #1,020
  • Mar 11, 2009 5:36pm Mar 11, 2009 5:36pm
Thanks for the gann. Appreciate your comments, and would welcome your continuing participation and insights here.
My sincerest apologies if I said anything that could have offended - I guess I'm excited by the possibilities here!!
I'm not sure that writing an indicator based upon published material infringes any intellectual property, tho' - after all many indis are written/modified based upon ideas propounded by somebody somewhere.
eg vsa stuff is available on amibroker and ninja platforms. Now if somebody was to copy those indis or their code would be wrong and probably illegal if protected, but somebody writing the code based upon underlying principles surely can't be. Otherwise, there would only be one company in the world making light bulbs!!
Many thanks again tho' for showing the way.
Regards
Pardy
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