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Trade Using VSA (Volume Spread Analysis)

  • #721
  • Edited 2:32pm Apr 14, 2009 2:11pm | Edited 2:32pm
Story of my life--so it finally happened--take some profits folks--Now--if an EA can do what i just did--live--no backtest(bullS**t)--am willing to pay $2,000,000 for it---
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  • #722
  • Apr 14, 2009 2:34pm Apr 14, 2009 2:34pm
aahh--VSA sucks------lol



Good night---traders
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  • #723
  • Apr 14, 2009 2:59pm Apr 14, 2009 2:59pm
"Bin trading MM for awhile..just starting with VSA with this thread..I've tried every MM indie..the best one is www.cjatradingtools.com.. not free but allows one to put all timeframes on one chart...just my 2 cents..I appreciate all the efforts put into this VSA thread thus far...an awesome educational experience for sure.
  • #724
  • Apr 14, 2009 5:59pm Apr 14, 2009 5:59pm
Quoting taomql4
aahh--VSA sucks------lol



Good night---traders
What are you using to get those thick wicks on MT4?
  • #725
  • Apr 14, 2009 5:59pm Apr 14, 2009 5:59pm
Nice, Delcon

I'm still learning too

1. Where we can get those Def-Indicator ? Are you using Auto pattern indicator ?

2. I am still missing "where we are now" in your*s Chart analysis, since I cannot "see" the VSA Cycles(accumulation or distribution area) to spot "the real Vsa backround) in 1h chart or Daily chart.
e.g. Bullish(Price Action but not volume action) Channel in 5m chart will not "the same" with Bullish Channel in 1H/Daily chart.

3. I am still missing "the Base/congestion zone", which is supposed can be found in Market Profile (longest)Bar or Volume Weight Average Price level as VSA Base(not neccesarily indentical with (technical Support/Resistent).

4. I think most important topic in VSA is Supply pressure and Demand pressure in trending bar formation(maybe more than 20bar ?) to "see" the Market weakness or strength as backround, before we can focus on 2-6 bars to "judge where the next bar(bar formation) will go.

Pls correct me, thank you

Regards,



Quoting Defcon
We are trying to understand what happens inside a chart, we are not just trying to have a good balance between our trades, but keep a critical eye to the eternal battle between supply and demand, so these analysis gives us the most clear vision of the moment.

What is the most difficult to do using this approach to trading?
Surely we must have excellent knowledge bases, and be very good observers, but the greater difficulty is summarize in a single image, the more clear as possible, all the pieces of the puzzle.

In this example I used...
  • #726
  • Apr 14, 2009 8:59pm Apr 14, 2009 8:59pm
Quoting gilos
yes I am...Klang, selangor...You? if near we can meet up to discuss vsa...
Nice to meet you fallow countryman! i from Sabah. Give me your skype or yahoo ID, we can discuss from there...
  • #727
  • Apr 14, 2009 10:14pm Apr 14, 2009 10:14pm
Quoting jnktrader
Nice to meet you fallow countryman! i from Sabah. Give me your skype or yahoo ID, we can discuss from there...
i have skype but i would rather not putting it here...somehow i cannot pm u, can u pm me ur skype? i will add u later...thanx


guys, seeing that malcomb hasnt replied to my question about lookback setting...i would like to ask u guys for ur setting...i put mine at 20...is that ok? tq for any reply...
  • #728
  • Apr 15, 2009 12:12am Apr 15, 2009 12:12am
Quoting ad2008
Nice, Delcon

1. Where we can get those Def-Indicator ? Are you using Auto pattern indicator ?
Hi ad2008,
I' m, Defcon, not Delcon

I coded myself the indicator, and they are bugged, but they are just volume indicator with sma and a spread indicator.,I have so much VSA indicator in my folder so need to identify mine.
I don't use auto pattern indicator.

Quoting ad2008
2. I am still missing "where we are now" in your*s Chart analysis, since I cannot "see" the VSA Cycles(accumulation or distribution area) to spot "the real Vsa backround) in 1h chart or Daily chart.
e.g. Bullish(Price Action but not volume action) Channel in 5m chart will not "the same" with Bullish Channel in 1H/Daily chart.
Are you looking for a oscillator that spot it?Bad Way, oscillator is summary, sure I'll use it later!
The charts 1H show us the big picture, and if u look better you can see the acc/dist phase where price don't run,
Quoting Defcon
After the break-up of ascending triangle, we have a little range to confirm break, and a good bull run. Maybe someone take profit on top, price go sideways and go to make a test immediately after marked a new high.
but if the chart isn't clear, of course, we should go inside 5/15 min chart, if we want trade little TimeFrame too, but charts in my last post aren't for trade :-)

Quoting ad2008
3. I am still missing "the Base/congestion zone", which is supposed can be found in Market Profile (longest)Bar or Volume Weight Average Price level as VSA Base(not neccesarily indentical with (technical Support/Resistent).
Do you mean "locked in the traders"?I think Market Profile is for master of base knowledge, so I don't use it yet.

Quoting ad2008
4. I think most important topic in VSA is Supply pressure and Demand pressure in trending bar formation(maybe more than 20bar ?) to "see" the Market weakness or strength as backround, before we can focus on 2-6 bars to "judge where the next bar(bar formation) will go.
Identify Buy/Sell pressure is the own target, but don't not stay focused on one thing
I think every setup is different from each other, every chart is different from each other, every trade is different from each other

Quoting ad2008
Pls correct me, thank you

Regards,
Thank you for reading and reply :-)
Be Right Back!
  • #729
  • Apr 15, 2009 2:36am Apr 15, 2009 2:36am
My apologize to write your wrong Name Defcon. Sorry

However, for time being I still using Trendline, S/R to identify the VSA Backround, the same Method as what you did.

In the mean time, I am looking for some Auto VSA bar pattern indicator or Market cycle indicator, which can give me quick "VSA BAR pattern"(accumulation-mark up- distribution-mark down) .

PS. May be you can modify Kase Peak Oscillator to fit VSA bar pattern ?

Thank you
--------------------------------------------------------------

Quoting Defcon
Hi ad2008,
I' m, Defcon, not Delcon

I coded myself the indicator, and they are bugged, but they are just volume indicator with sma and a spread indicator.,I have so much VSA indicator in my folder so need to identify mine.
I don't use auto pattern indicator.


Are you looking for a oscillator that spot it?Bad Way, oscillator is summary, sure I'll use it later!
The charts 1H show us the big picture, and if u look better you can see the acc/dist phase where price don't run,

but if the chart isn't clear, of course, we should go inside 5/15...
Attached File(s)
File Type: mq4 Kase Peak Oscillator.mq4   4 KB | 898 downloads
File Type: pdf Springboard.pdf   242 KB | 2,956 downloads
File Type: pdf Support.pdf   107 KB | 7,108 downloads
File Type: ex4 Kase Peak Oscillator.ex4   5 KB | 754 downloads
  • #730
  • Edited 8:29am Apr 15, 2009 2:46am | Edited 8:29am
It's ok!

I'm not a guru of coding, these indicator (Volume and Spread)are very simple, but i'm reading your suggestion codes.

Thanks

I've posted indiator http://www.forexfactory.com/showthread.php?t=163131
Be Right Back!
  • #731
  • Apr 15, 2009 6:49am Apr 15, 2009 6:49am
Quoting BashBrothers
What are you using to get those thick wicks on MT4?
-

damn--Everybody wants a fat Wick--- --Sorry its early--but i had to go there...

Just so you don't drive yourself nuts;;

Superwoodies colors-- are all black--

0,1 width is set to 3
2,3 width is set to 4
--rest are 0

MT4 chart properties
colors
barup--set to none
bardown--set to none
bull candle--limegreen
bearcandle--red

common-
mark -chart on foreground


P.S---TO Beginners---read the first post by shamus on this thread and it will explain VSA in its simplest form--don't assume its not complicated enough for you--READ,and read like 40 times if you have to and let it sink in--before moving on to some other articles---look for multiple examples on charts and please trade alittle----

or i promise you--you are gonna suffer from info OVERLOAD(not knocking other articles--its great-just advising beginners)--you really don't want to run around like a chicken with its head cut off.
Attached File(s)
File Type: ex4 superwoodiecci_candles.ex4   4 KB | 847 downloads
  • #732
  • Apr 15, 2009 8:30am Apr 15, 2009 8:30am
Just wanted to pop in and say thanks for everyone's contributions in this thread, the indicators, charts, etc. are all very helpful and accelerate the learning process immensely.

I especially like the combination of VSA and MM, combining timeframes for longterm targets and shortterm entry is a pretty lethal combination especially in addition to S/R and price action. I hope to post some charts soon in the future.
  • #733
  • Edited 9:15am Apr 15, 2009 9:11am | Edited 9:15am
Quoting taomql4
-

damn--Everybody wants a fat Wick--- --Sorry its early--but i had to go there...

Just so you don't drive yourself nuts;;

Superwoodies colors-- are all black--

0,1 width is set to 3
2,3 width is set to 4
--rest are 0

MT4 chart properties
colors
barup--set to none
bardown--set to none
bull candle--limegreen
bearcandle--red

common-
mark -chart on foreground

Don`t you know a fat wick gives you more confidence , of course then you
become a better trader .

P.S---TO Beginners---read the first post by shamus...
Very good advice BTW love your profile pic
  • #734
  • Edited 10:10am Apr 15, 2009 9:49am | Edited 10:10am
GJ is ranging for some time around 149 level....droping volume....high wicks....no demand here!(this is from 1hr TF analisys!!!)
I think it will retrace to at least 148 level, if not to around 146 again!

EDIT: just got a macd divergence signal also....LOL
forexflash
  • #735
  • Apr 15, 2009 10:00am Apr 15, 2009 10:00am
will see if the resistance holds---
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  • #736
  • Apr 15, 2009 10:02am Apr 15, 2009 10:02am
i have a channel that says it would--but boy its going to be tough---
  • #737
  • Apr 15, 2009 10:14am Apr 15, 2009 10:14am
Actually--it was relatively easy to hold--lol--great call--forexflash----i have my own system--but booy --do i wanna get a hold of your trading platform--:nerd:and charts---

And yes for those wondering--i got out of my trades on FXCM---like flash said---you don't wanna F** with divergencies

HEY--GLASS---thats my little sis
  • #738
  • Edited 10:54am Apr 15, 2009 10:28am | Edited 10:54am
Hey taomql .....I think you are trading my way....the wrong way
Who needs a stoploss! If price is going up you are constant seller, and
vice versa.....am I right...LOL.....JUST DONT OVERTRADE YOUR ACCOUNT!!!

Price stoped at 148.50...... could break that level and go to 148......or retrace back to 149 again.....HMMM......PATIENCE IS GOLD
forexflash
  • #739
  • Apr 15, 2009 11:49am Apr 15, 2009 11:49am
Shamus, I’ve added in the bits you asked for… but let me know if they don’t behave exactly as you would like. This indicator that I am posting here has user-variable controls for:

  1. P (Leave it at 64 unless you know what you are doing.***)
  2. MMPeriod (The number in minutes. Set it to zero to have the MM lines generated according to the timeframe of the chart you have active. Set it to 1440 for D1, 240 for H4, 60 for H1, etc. The MM lines will be the same on all the active chart's timeframes.)
  3. StepBack (The number of bars back that the MM calculations start from. For example, set it to 24 to see yesterday's lines on an H1 chart. When you set this to a non-zero number, an arrowhead appears under the bar where the MM calculations end.)
  4. text_shift (This allows you to change where the MM line annotations appear on the chart.)
  5. verbose (If true, then the more verbose descriptions appear on the MM lines. If false, only the level numbers like [2/8] appear.)
  6. ShowMinorLines (Set to true if you want to see the minor lines.)
  7. color.frame (Set it to true for your favourite background colours.)
  8. ShowTF (Set it to true if you want to see the chart’s timeframe writ large.)
  9. TFCorner (2 is bottom left corner, 1 is top right, 0 is top left.)
  10. mml_clr_etc (They all let you change the MM line colours)
  11. mml_wdth_etc (They let you have thicker/thinner lines.)
  12. MarkColor (Colour of the arrow that marks the last calculated bar when you have StepBack turned on.)
  13. MarkNumber (217 is the arrow head. Play. Have fun.)

*** If you DO know, please PM me - I would like to know how to use the P variable too.


G

Attached File(s)
File Type: mq4 MML_Multi_Option_v1.mq4.mq4   2 KB | 582 downloads
  • #740
  • Apr 15, 2009 12:30pm Apr 15, 2009 12:30pm
Quoting Grath
... This indicator that I am posting....
Hmmm... all i got is some HTML stuff. Seems rather small compared to the other MML indicators. You may need to upload it again.
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