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Trade Using VSA (Volume Spread Analysis)

  • #281
  • Mar 25, 2009 12:06am Mar 25, 2009 12:06am
I don't think the official Better Volume Indicator Documentation was posted here. So here I go.
The copyright is of course on emini-watch.com.

cheers
robBroker
Attached File(s)
File Type: pdf The Better Volume Indicator.pdf   384 KB | 8,269 downloads
  • #282
  • Mar 25, 2009 12:29am Mar 25, 2009 12:29am
Quoting robBroker
I don't think the official Better Volume Indicator Documentation was posted here. So here I go.
The copyright is of course on emini-watch.com.

cheers
robBroker
Excellent post. Thanks Rob.
The trend always ends.
  • #283
  • Edited 5:41am Mar 25, 2009 5:30am | Edited 5:41am
I have updated first post with Volume Histogram by Forex Flash. Another excellent volume indicator.

Some people may prefer it over other MT4 Standard Volume Indicators (I do) as it shows 3 states within each volume bar (buying, selling, and matched) If you watch the bars as they build you can see in realtime to which side the activity is strongest.

Enjoy.
The trend always ends.
  • #284
  • Mar 25, 2009 7:38am Mar 25, 2009 7:38am
Quoting ShamusFamous
I have updated first post with Volume Histogram by Forex Flash. Another excellent volume indicator.

Some people may prefer it over other MT4 Standard Volume Indicators (I do) as it shows 3 states within each volume bar (buying, selling, and matched) If you watch the bars as they build you can see in realtime to which side the activity is strongest.

Enjoy.
so anywhere we can read where it explains how to decipher this indicator?

isn't matching = selling or buying (whichever is higher)?

thank you.
  • #285
  • Mar 25, 2009 8:03am Mar 25, 2009 8:03am
hi all..

check out the gbp / jpy on 30m

looks like an exhaustion down then two high volume churns.. which means..?

Let's see

I went long.. but I'm often wrong and new to looking at volume.. i was looking for a long anyway though..

John

  • #286
  • Mar 25, 2009 8:11am Mar 25, 2009 8:11am
Quoting hwsv07
so anywhere we can read where it explains how to decipher this indicator?

isn't matching = selling or buying (whichever is higher)?

thank you.
Attached File(s)
File Type: pdf Better_Volume_Indicator.pdf   384 KB | 4,459 downloads
Blogging daily now at www.volume.zone
  • #287
  • Mar 25, 2009 8:21am Mar 25, 2009 8:21am
Quoting mjolimer
hi all..

check out the gbp / jpy on 30m

looks like an exhaustion down then two high volume churns.. which means..?

Let's see

I went long.. but I'm often wrong and new to looking at volume.. i was looking for a long anyway though..

John

the long was right ... but not sure on this churn thingy

Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-466.png Size: 165 KB
Blogging daily now at www.volume.zone
  • #288
  • Mar 25, 2009 8:28am Mar 25, 2009 8:28am
Quoting hwsv07
so anywhere we can read where it explains how to decipher this indicator?

isn't matching = selling or buying (whichever is higher)?

thank you.
I ask the same question;

But anyway, I noticed it repaints... when the current volume and bar are changing, all the volumes behind keep changing size and colours... so I wonder what would be the appropriate way to read it, if it still can be used.

Another thing would be to limit the bars it calculates (like 300 in a previous volume indi), to avoid memory issues.

Edit:
I saw Mal's answer... but that pdf refers to another volumes indi, which paints bars/volumes to identify patterns;
This one we're talking about colours volume to show buying/selling/neutral changes in volume... but since it repaints, I'm guessing it hasn't much interest?
  • #289
  • Mar 25, 2009 8:30am Mar 25, 2009 8:30am
Quoting tonirai
I ask the same question;

But anyway, I noticed it repaints... when the current volume and bar are changing, all the volumes behind keep changing size and colours... so I wonder what would be the appropriate way to read it, if it still can be used.

Another thing would be to limit the bars it calculates (like 300 in a previous volume indi), to avoid memory issues.

Edit:
I saw Mal's answer... but that pdf refers to another volumes indi, which paints bars/volumes to identify patterns;
This one we're talking about colours volume to show buying/selling/neutral...
you are talking about the better volume indie .. that pdf was for that

the reaosn you are getting confused about the repainting thing on the current candle is that YOU ALWAYS have to wait for the candle to end to see what the volume did. I never place trade in the middle of a candle on the time frame I am trading on
Blogging daily now at www.volume.zone
  • #290
  • Mar 25, 2009 8:43am Mar 25, 2009 8:43am
Here's the latest VSA volume histogram indy as per Shamus's first post together with the other volume that I use.

Note also how the 25 and 75 levels have been useful today...
Attached Image (click to enlarge)
Click to Enlarge Name: mar 25 eur 5m 1340.gif Size: 25 KB
Trading Levels with WRBs
  • #291
  • Mar 25, 2009 8:45am Mar 25, 2009 8:45am
Hi Mal,

The questions weren't about the better volume indi;
It's about the "volume histogram" indi, by Forex Flash, which ShamusFamous added now to the first page.

It's an indi which colours the volume in 3 different colours, to show buying/selling/neutral changes in it.
  • #292
  • Mar 25, 2009 8:50am Mar 25, 2009 8:50am
Quoting tonirai
Hi Mal,

The questions weren't about the better volume indi;
It's about the "volume histogram" indi, by Forex Flash, which ShamusFamous added now to the first page.

It's an indi which colours the volume in 3 different colours, to show buying/selling/neutral changes in it.
do not like that ...... used it once ... just got me confused I like to keep it simple
Blogging daily now at www.volume.zone
  • #293
  • Mar 25, 2009 8:52am Mar 25, 2009 8:52am
By the way, Mal, Islander, Shamus and others:

I've been lurking in the chatroom several times, as a guest (vsa_something), learning a lot from all of you

Starting next week, and during at least 2 weeks, I will be trading fulltime during European and early USA sessions, so I will also try to participate actively in the chat.

See you all soon,
Toni.
  • #294
  • Edited 9:09am Mar 25, 2009 8:59am | Edited 9:09am
Quoting malcolmb14
do not like that ...... used it once ... just got me confused I like to keep it simple
That's what I think...

If I may add, I don't even use the better volume indi, at least for now;
I feel a lot more confident using CDRW Volume (which colours the volume according to if it's bigger/smaller/between last 2 volume bars).

The point with CDRW (or other simpler volume) is we must interiorize the concepts behind different combinations of size of volume and spread... which takes time, but I believe is worth it.
  • #295
  • Mar 25, 2009 9:21am Mar 25, 2009 9:21am
sorry malcolmb, i wasn't lazy.

i was actually referring to the new indicator by Shamus on the indicator Volume Histogram.

but thanks anyway.

Quoting ShamusFamous
I have updated first post with Volume Histogram by Forex Flash. Another excellent volume indicator.

Some people may prefer it over other MT4 Standard Volume Indicators (I do) as it shows 3 states within each volume bar (buying, selling, and matched) If you watch the bars as they build you can see in realtime to which side the activity is strongest.

Enjoy.
  • #296
  • Mar 25, 2009 9:28am Mar 25, 2009 9:28am
FYI so that you all know what's just happened - Euro + 163 in 4 mins, Gu the same and swiss -140....here's why:

2009.03.25 13:57:16 *Dollar Drops After Geithner Says Open To SDR Currency

2009.03.25 13:58:45 *Dollar Weakens On Prospect Of New Global Reserve Currency

all before the housing data

This will take a little time to settle down.....hope some of you were quick on the trigger.....I was....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #297
  • Mar 25, 2009 9:50am Mar 25, 2009 9:50am
Quoting Islander
FYI so that you all know what's just happened - Euro + 163 in 4 mins, Gu the same and swiss -140....here's why:

2009.03.25 13:57:16 *Dollar Drops After Geithner Says Open To SDR Currency

2009.03.25 13:58:45 *Dollar Weakens On Prospect Of New Global Reserve Currency

all before the housing data

This will take a little time to settle down.....hope some of you were quick on the trigger.....I was....http://www.forexfactory.com/images/icons/icon12.gif
new global currency ... mmm ....SURPRISE !!!!

then north america will become one currency ... amero
Blogging daily now at www.volume.zone
  • #298
  • Mar 25, 2009 10:06am Mar 25, 2009 10:06am
Quoting malcolmb14
new global currency ... mmm ....SURPRISE !!!!

then north america will become one currency ... amero
lol, not realy new global currency, but a reserve one; to keep USA away and under control with FEDS printing PRESSES

Chineese only are trying to protect the capital.. but that is not a world currency, can be a conversion in gold, silver or so.. but not USD .. not anymore.. too much printing press INK smell

They should know when to stop!...
  • #299
  • Mar 25, 2009 10:47am Mar 25, 2009 10:47am
Quoting malcolmb14
do not like that ...... used it once ... just got me confused I like to keep it simple

How's this for simple?

http://s5.tinypic.com/30nhpbk.jpg


I chose the two-highest (before the big run just now) CDRW Spread (at 1000) waves, connected the high and low of each candle (ignoring the second of the double high wave, in this case), and found they intersected the high of the big run just now.
Yeah, I know, probably a lucky coincidence. The idea works dependably, though, and I'm trying to combine it with other volume and price indicators so trendlines work more systematically into the next move.
  • #300
  • Mar 25, 2009 10:58am Mar 25, 2009 10:58am
Quoting Piters
lol, not realy new global currency, but a reserve one; to keep USA away and under control with FEDS printing PRESSES

Chineese only are trying to protect the capital.. but that is not a world currency, can be a conversion in gold, silver or so.. but not USD .. not anymore.. too much printing press INK smell

They should know when to stop!...

sorry meant international base currency
Blogging daily now at www.volume.zone
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