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Trade Using VSA (Volume Spread Analysis)

  • #581
  • Apr 7, 2009 4:49am Apr 7, 2009 4:49am
Quoting Grath
Regarding the bottom indicator on the chart.... help!

I thought I had understood from The Book that "spread" is the difference between H and L. Is it that you define it differently or did I mis-read The Book?

G
You are right. Spread is the High minus Low. NYSE uses his own definition.

cheers
robBroker
  • #582
  • Apr 7, 2009 5:29am Apr 7, 2009 5:29am
Quoting nyse1982
I've composed a spreadsheet which analyzes the volume and spread for EUR/USD on a daily chart.

The volume % change is based on a 30 day volume average and I divide the 30 day average volume with the current volume. The spread % change is based on a 30 day average also and I utilize the same formula. What you look for is particular patterns which occur within the spreadsheet. For example 3/25-3/26 the volume % change went from (+ 9.68) to (-10.97) and the spread % change went from (+9.70) to (-14.02) and it closed down on the 3/27. I noticed that...
Hey guys just an update I'm up 275 pips so far! If anyone has any questions let me know!
Attached Image (click to enlarge)
Click to Enlarge Name: chart 50.gif Size: 71 KB
  • #583
  • Apr 7, 2009 5:45am Apr 7, 2009 5:45am
Quoting robBroker
You are right. Spread is the High minus Low. NYSE uses his own definition.

cheers
robBroker
hey follow the spreadsheet, thats where I get my info to determine trends!
  • #584
  • Apr 7, 2009 5:58am Apr 7, 2009 5:58am
Quoting nyse1982
hey follow the spreadsheet, thats where I get my info to determine trends!
Closed out with 298 pips! I'm going to update the spreadsheet after the close of the current daily bar!
Attached Image (click to enlarge)
Click to Enlarge Name: chart 50.gif Size: 73 KB
  • #585
  • Apr 7, 2009 6:23am Apr 7, 2009 6:23am
Hello people,
I'm back again (after my little vacation)!

Hi nyse, if u'd like may u can post here your spreadsheet formula and how to use it.

thanks.

P.s. I got the esignal GTIS forex one month trial to look the volume difference.... but....i don't find so different from my broker(Alpary Uk) and not so useful. if someone would try it just pm me, it's 50$ for GTIS exchange fee...
If I know how, I tell You!! Few but Good!!
  • #586
  • Apr 7, 2009 6:32am Apr 7, 2009 6:32am
Quoting LuboLabo
Hello people,
I'm back again (after my little vacation)!

Hi nyse, if u'd like may u can post here your spreadsheet formula and how to use it.

thanks.

P.s. I got the esignal GTIS forex one month trial to look the volume difference.... but....i don't find so different from my broker(Alpary Uk) and not so useful. if someone would try it just pm me, it's 50$ for GTIS exchange fee...
Thanks!! I'll post an update asap!
  • #587
  • Apr 7, 2009 6:41am Apr 7, 2009 6:41am
However i found a useful indicator for esignal platform is called Volume PRV (Pro Rata Volume) is an estimate of what the Bar's final Volume will be (black volume bar on chart).

May someone is able to convert to MT4....

txt esignal formula attacched.

Lubo.
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-3.png Size: 82 KB
Attached File(s)
File Type: txt VolumePRV.txt   5 KB | 733 downloads
If I know how, I tell You!! Few but Good!!
  • #588
  • Apr 7, 2009 7:36am Apr 7, 2009 7:36am
here the picture of previus 60 min candle colsed. compared predicted vol and colsed vol.
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-4.png Size: 84 KB
If I know how, I tell You!! Few but Good!!
  • #589
  • Apr 7, 2009 8:54am Apr 7, 2009 8:54am
hi, i look at this. but can't figure it out but looks like it was a poor effort to rise?

below is the M15 and M5 TF for confirmation. x is where the trade was done.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m5 gj.gif Size: 34 KB
Click to Enlarge Name: m15 gj.gif Size: 37 KB
  • #590
  • Apr 7, 2009 9:15am Apr 7, 2009 9:15am
Quoting hwsv07
..

Can ask where you found the RSX indi for mt4 and if you wouldn't mind posting it? I was going to have it coded but yours looks to be exactly what I was looking for.
The trend always ends.
  • #591
  • Apr 7, 2009 11:38am Apr 7, 2009 11:38am
Quoting ShamusFamous
Can ask where you found the RSX indi for mt4 and if you wouldn't mind posting it? I was going to have it coded but yours looks to be exactly what I was looking for.
sure. anyway, would shamus kind enough to comment on the chart reading?
Attached File(s)
File Type: mq4 MA_of_RSX.mq4   4 KB | 983 downloads
  • #592
  • Apr 7, 2009 2:20pm Apr 7, 2009 2:20pm
Quoting hwsv07
hi, i look at this. but can't figure it out but looks like it was a poor effort to rise?

below is the M15 and M5 TF for confirmation. x is where the trade was done.
I would have waited for confirmation(lower volume) because the volume is high on both charts.
  • #593
  • Apr 7, 2009 2:25pm Apr 7, 2009 2:25pm
Thanks for the file. I actually already had it, I just never put it on anything to know.

In any case re your question. Both moves were following or on a highish volume doji like candle signaling indecision on direction and at highs are typically the reversal points.
The trend always ends.
  • #594
  • Apr 7, 2009 2:32pm Apr 7, 2009 2:32pm
Quoting hwsv07
sure. anyway, would shamus kind enough to comment on the chart reading?
Thank you for the file. For some reason indicator window is empty...How can I make indicator visible....?
The Market pays you to be disciplined
  • #595
  • Apr 7, 2009 3:50pm Apr 7, 2009 3:50pm
Quoting ShamusFamous
Thanks for the file. I actually already had it, I just never put it on anything to know...
Thank you Shamus...
The Market pays you to be disciplined
  • #596
  • Apr 7, 2009 7:18pm Apr 7, 2009 7:18pm
Hey I'm back again, for the people who were following my monster 297 pips gain from yesterday, I'm posting an updated chart, and from reading the chart.

4/07- Vol % change (-12.06) and spread % change (+11.22) this was an increase from the previous day which proves two things that the down move has gained momentum based on the increase in volume and increase in spread.

Also in relation to the 30 day average for Volume % change which is (10.19) and the vol % change for 4/07 is moving within 1.87 % to the average and the spread % change for the 30 day average is (11.61). The spread % change for 4/07 is 0.39 within the 30 day spread % average. This means that the move has close to average strength for the spread.

So look for this bar to close down.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 50.gif Size: 73 KB
Attached File(s)
File Type: pdf eurusd1440[1].pdf   389 KB | 865 downloads
  • #597
  • Apr 7, 2009 8:22pm Apr 7, 2009 8:22pm
Quoting mima
Thank you for the file. For some reason indicator window is empty...How can I make indicator visible....?
May I please have instruction to have it work properly ,,,,thanks in advance
  • #598
  • Apr 7, 2009 9:36pm Apr 7, 2009 9:36pm
Quoting mima
Thank you for the file. For some reason indicator window is empty...How can I make indicator visible....?
probably you dont have the original RSX in your indicator folder, copy the following file to your indicators folder and then it will be visible
Attached File(s)
File Type: mq4 RSX.mq4   2 KB | 894 downloads
I recommend you read something else as this sentence is now concluded.
  • #599
  • Edited 11:37pm Apr 7, 2009 9:50pm | Edited 11:37pm
Quoting nyse1982

4/07- Vol % change (-12.06) and spread % change (+11.22) this was an increase from the previous day which proves two things that the down move has gained momentum based on the increase in volume and increase in spread.

Also in relation to the 30 day average for Volume % change which is (10.19) and the vol % change for 4/07 is moving within 1.87 % to the average and the spread % change for the...
\
Attached Image (click to enlarge)
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  • #600
  • Apr 8, 2009 7:05am Apr 8, 2009 7:05am
Quoting thatwasme
As you wish, I will comply, however, I see no value in it. give me 5 minutes

EDIT.... Here it is.

Hello Thatwasme and other programmers,
i need some help on your indi vol.based on open/close.
Can you make pop up allert maibe whit some arrow when the indi make 3 or more decrease vol.bar?
here are some trades of to day for show you what i mean.
Thank you in advance....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: vol.jpg Size: 129 KB
Click to Enlarge Name: vol 2.jpg Size: 157 KB
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