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Trade Using VSA (Volume Spread Analysis)

  • #621
  • Apr 9, 2009 11:37am Apr 9, 2009 11:37am
Quoting glass
Thanks Islander for your chart , very good explanation . Something I have found works with the MML settings : open the inputs box for your MML indicator , second line from top is MMPeriod , which is usually set to 15 . Change that to 60 . Because most experienced MML traders such as ns karhik on his MML thread watch the 60min for their setup then maybe enter on the 5min , this keeps the settings on different T/F charts at the same level . Someone has also posted another MML indi on that thread that does this but it has too many levels for my liking...
Thanks for the info, but if you'd like to check out my posts for today, you'll find that I have posted in nskarhik's MM thread and specifically talked about the fractal nature of the MM levels and of the indicator that I am using and why I have the MMPeriod set to 15 on my lower TF charts. I have also discussed this elsewhere in other posts. Also, FYI, if you set it to 0 it will automatically adjust to the TF that you are using http://www.forexfactory.com/images/icons/icon12.gif
Regards
Islander
Trading Levels with WRBs
  • #622
  • Apr 9, 2009 11:41am Apr 9, 2009 11:41am
Thanks Malcom, do you trade soley the gy? Most of the pairs always seem to be far too choppy to apply the vsa principles outlined here and on traderslab...
Which pair gives the best signals?
  • #623
  • Apr 9, 2009 11:45am Apr 9, 2009 11:45am
Quoting malcolmb14
no islander used to work for TVR .....lol they are the best

LOL - whilst I have owned quite a few "plastic" cars - e.g. several Lotus Elans and a couple of Scimitars - the only time I have been to Blackpool was when I was involved with racing at the old Aintree circuit.

I did test drive their first V8 engined car way back - and it scared me sh*tless as its handling was terrible and its brakes unable to cope with its upgraded performance. However, I was able to lay down the longest line of rubber that I ever managed......they hadnt heard of limited slip diffs in Blackpool http://www.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #624
  • Apr 9, 2009 11:46am Apr 9, 2009 11:46am
Quoting Islander
Thanks for the info, but if you'd like to check out my posts for today, you'll find that I have posted in nskarhik's MM thread and specifically talked about the fractal nature of the MM levels and of the indicator that I am using and why I have the MMPeriod set to 15 on my lower TF charts. I have also discussed this elsewhere in other posts. Also, FYI, if you set it to 0 it will automatically adjust to the TF that you are using http://www.forexfactory.com/images/icons/icon12.gif
Regards
Islander
I like 15 as well ..... works better
Blogging daily now at www.volume.zone
  • #625
  • Apr 9, 2009 11:47am Apr 9, 2009 11:47am
Quoting Islander
LOL - whilst I have owned quite a few "plastic" cars - e.g. several Lotus Elans and a couple of Scimitars - the only time I have been to Blackpool was when I was involved with racing at the old Aintree circuit.

I did test drive their first V8 engined car way back - and it scared me sh*tless as its handling was terrible and its brakes unable to cope with its upgraded performance. However, I was able to lay down the longest line of rubber that I ever managed......they hadnt heard of limited slip diffs in Blackpool http://www.forexfactory.com/images/icons/icon11.gif...

I love TVR ... but living in Canada had to settle for Jag xkr .... more refined
Blogging daily now at www.volume.zone
  • #626
  • Apr 9, 2009 11:51am Apr 9, 2009 11:51am
Quoting malcolmb14
I love TVR ... but living in Canada had to settle for Jag xkr .... more refined
Excellent choice, the car for a true connoisseur.....lol, not that I'm biased...http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #627
  • Apr 9, 2009 11:55am Apr 9, 2009 11:55am
Quoting Islander
Excellent choice, the car for a true connoisseur.....lol, not that I'm biased...http://www.forexfactory.com/images/icons/icon12.gif
to not be biased use a stochastic indicator mate.. then you go from OB to OS level ...

cheers bro, and have a nice weekend!!
  • #628
  • Apr 9, 2009 12:01pm Apr 9, 2009 12:01pm
My last post before the Easter Holiday......to clarify the grey area - its the 4700 to 4725 sweet spot zone and GU traded inside this zone, using it as a distributon zone for an hour and a half before falling 115 pips into its spike low. The volumes are ODL and not as clear as IBFX - but the high vol green candle was the first warning....hope people got some pips

Happy Easter to all
Attached Image (click to enlarge)
Click to Enlarge Name: apr 9 cable 5m 1650.gif Size: 17 KB
Trading Levels with WRBs
  • #629
  • Apr 9, 2009 12:04pm Apr 9, 2009 12:04pm
Quoting Islander
My last post before the Easter Holiday......to clarify the grey area - its the 4700 to 4725 sweet spot zone and GU traded inside this zone, using it as a distributon zone for an hour and a half before falling 115 pips into its spike low. The volumes are ODL and not as clear as IBFX - but the high vol green candle was the first warning....hope people got some pips

Happy Easter to all
Islander...what signs do you look for before deciding to go long/short?
  • #630
  • Edited 9:28pm Apr 9, 2009 7:57pm | Edited 9:28pm
Quoting emios
Islander...what signs do you look for before deciding to go long/short?
Look for a no demand or a no supply bar(upbars/down bars)if you really wanna be on the safe side(and also look at their volumes it should tell you a nice little story- compare the volume to previous volume bars in that they should ideally be weaker/shorter) --In short -make sure the swamp is dry--\\
annd ooh yeah--look out for those nasty S/R levels(losers hangout..lol.actually most are clueless folks-pray for a Gap a.k.a complete ass whopping)--trust me,if they are desperate enough and some just wanna break even-Like a marine taking out a funny looking car approaching checkpoint in fallujah with a shoulder rocket launcher--they can ruin your whole agenda--you and your smart money friends--

Happy Holidays--GUYs
  • #631
  • Edited Apr 10, 2009 10:45am Apr 9, 2009 9:32pm | Edited Apr 10, 2009 10:45am
Quoting Islander
Thanks for the info, but if you'd like to check out my posts for today, you'll find that I have posted in nskarhik's MM thread and specifically talked about the fractal nature of the MM levels and of the indicator that I am using and why I have the MMPeriod set to 15 on my lower TF charts. I have also discussed this elsewhere in other posts. Also, FYI, if you set it to 0 it will automatically adjust to the TF that you are using http://www.forexfactory.com/images/icons/icon12.gif
Regards
Islander
Hardly a day goes by when I don`t learn something new from you more
experienced traders . I have read the posts you referred to . Thanks for the lesson .
I see you and malcolmb prefer 15 as the mmperiod . Is this just because it removes the extra grey levels ?
Or does it have something to do with fractals ? When I set the period to 0 it also removes the extra grey levels
and adjusts to each T/f as you say . Perhaps I am missing something but
could you explain why you use period 15 instead of 0 ? After some testing it appears that having the period set
to 15 will give you the same readings on each T/F . Is that the reason you like 15 ? Setting at 60 seems to give
the same levels at different T/F `s as well . Setting the period at 0 gives a different MML level for each T/F ?
All your explanations help to shorten the learning curve and are appreciated .
glass
  • #632
  • Apr 10, 2009 3:17am Apr 10, 2009 3:17am
Quoting Grath
Well, there's 31 pips between 2/8 and 3/8 - but it would have to be a pretty reckless person to have placed a buy order to open at 1.4587

G
Hi Grath,

Could you post the Daily spread indicator that you have in the top left of your chart please ?

Thanks

WG
  • #633
  • Apr 10, 2009 4:01am Apr 10, 2009 4:01am
Quoting Willowgal
Hi Grath,

Could you post the Daily spread indicator that you have in the top left of your chart please ?

Thanks

WG
Here 'tis.... Enjoy!
G
Attached File(s)
File Type: mq4 RangeData5.mq4   3 KB | 864 downloads
  • #634
  • Edited 6:17am Apr 10, 2009 4:58am | Edited 6:17am
Vladislav Goshkov (VG) && Alex.Piech.FinGeR originally wrote one of the MML indicators. It enables you (for example) to have the H1 MM levels repeated on the M15 and M5 charts.

Their editable parameters are P, MMPeriod and Stepback. I have added mml_shft to enable me to put the text for the levels where I want it. Now I need help to understand what else we can do.

1. Does anyone know how to use "Stepback" ?

2. From the code:

If you set MMPeriod to 0, then the indicator behaves like the original and the routine uses the value of P (default 64) for the period on every chart. So we get the "my 1.4868 is 4/8 but your 1.4868 is 2/8" discussion in the chat room where people are using different versions of the indicator.

However, if you set MMperiod to 60, then the routine uses the value of P (default 64) on the H1 chart, 4P on the M15 chart and 12P on the M5 chart. This is in line with the way ns_karthik on the other forum trades MML. Trade the H1 but use the M5 chart.

Malcolm works (I think) with M15 and M5. For this, setting the MMPeriod to 15 will use P (default 64) on the M15 chart and 3P (default 192) on the M5 chart.

Understanding the code at that sort of level is the easy bit. I just don't have a grasp of the maths side of the Murrey Maths to know the effect that changing the value of P might have. Gut feeling says it must be a multiple of 8, but how scientific is that?

Summary: Is there anyone out there who knows how to use Stepback and anyone who can advise how to use alternative values of P?

Finally: Should I post the question on the other forum?

G
Attached Image
  • #635
  • Apr 10, 2009 8:03am Apr 10, 2009 8:03am
Quoting Grath
Vladislav Goshkov (VG) && Alex.Piech.FinGeR originally wrote one of the MML indicators. It enables you (for example) to have the H1 MM levels repeated on the M15 and M5 charts.

Their editable parameters are P, MMPeriod and Stepback. I have added mml_shft to enable me to put the text for the levels where I want it. Now I need help to understand what else we can do.

1. Does anyone know how to use "Stepback" ?

2. From the code:

If you set MMPeriod to 0, then the indicator behaves like the original and the routine uses the value of P (default...
Step Back allows you to (backtest) ie assign levels from previous periods.

It has no use other than that.

I think it's used like this: if you want to check levels from 3 days ago you would set 3 in the step back setting.

Take a look at the MM thread on FTSD and specifically the xard007 indicator comments re "stepback" to be sure.
The trend always ends.
  • #636
  • Apr 10, 2009 9:47am Apr 10, 2009 9:47am
Guys, i just bought a book called "The Three Skills of Top Trading" by Hank Pruden...nice book, a lot on volume and price..check it out might very useful book next to "master the market".

Jacky
  • #637
  • Apr 10, 2009 11:00am Apr 10, 2009 11:00am
Quoting Grath
Vladislav Goshkov (VG) && Alex.Piech.FinGeR originally wrote one of the MML indicators....

Thank you for articulating the questions I keep trying to ask . I wish I could
help with the math . It just makes sense that having different MML levels
changes your trade each time , each chart . I have asked this on the other
thread but still not sure ? Maybe its possible to find MML experts elsewhere on the net . Good luck , will follow your findings.
  • #638
  • Apr 10, 2009 1:53pm Apr 10, 2009 1:53pm
hi there guys, just finished reading this thread and hopefully can finished + understand the ebooks posted in the 1st post...overall, i give this thread a 10 over 10 for usefullness...been trading using OBV and volume but now this vsa is way better...

I'm going to start a thread in some other forum bcoz where i'm from, although english is second language, still many can't read and understand it fast enuf, so going to translate all these to my native language, that is Malay...

anyhow thanx again and hopefully i can post some charts here so that we can discuss...
  • #639
  • Apr 11, 2009 3:27am Apr 11, 2009 3:27am
Quoting ShamusFamous
Take a look at the MM thread on FTSD and specifically the xard007 indicator comments re "stepback" to be sure.
I have to ask... what is FTSD?

Oh, cringe.
G
  • #640
  • Apr 11, 2009 4:47am Apr 11, 2009 4:47am
Quoting Grath
I have to ask... what is FTSD?

Oh, cringe.
G
May Forex TDS... here the last page of that thread http://www.forex-tsd.com/indicators-...ystem-135.html.

Good week end to all.

Lubo.
If I know how, I tell You!! Few but Good!!
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