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Trade Using VSA (Volume Spread Analysis)

  • #821
  • Apr 20, 2009 4:00am Apr 20, 2009 4:00am
Quoting FOREXflash
Here is another toy I coded......we know the volume in forex is based on ticks, either bid or ask....this indicator will show you both of them,
buy and sell pressure volume.

Enjoy

Flash

Thanks for the indicator.

Its interesting to watch buyers in a down move fight the move and then capitulate. You can see them waiting for a area of support to come piling back into the market and the selling completely disappears. Could be usefull on the lower timeframes for scalping.

Supa
Boxing clever since 76.
  • #822
  • Apr 20, 2009 4:12am Apr 20, 2009 4:12am
Quoting Willowgal
Looks to be a lot of distribution going on up here on the Swissy

Any comments guys ?

WG
Hi Willow

At the moment there is alot of buying of the Swissy across all its pairs, but also buying of the USD across the pairs, so in effect there is a stalemate of the USDCHF and its going no where. Looking at the 1.1770 area to go short.
I think there will be one last push up to this area before the buyers exit and reverse.
Boxing clever since 76.
  • #823
  • Apr 20, 2009 4:26am Apr 20, 2009 4:26am
Quoting censura
Hi Guys hope you are all well,

If you have read the article at emini-watch.com you will see that the better volume indicator has been updated as there were some errors in the code. see snippet of the artilcle below. Hopefully Thatwasme or someone else can update the MT4 version to ensure we do not have any false readings

Kind Regard
There were some errors in the code from emini-watch.com (they say), but not in the better-volume code, as far as I know. The definitions of the coloured candles are still the same, I didn't see a error there. So no need for any update, i guess.
If you find some some big changes or errors plz tell us (attached with a pic). But again, I am happy with better volume and never change a winning horse.

cheers robBroker
  • #824
  • Apr 20, 2009 4:56am Apr 20, 2009 4:56am
Hi Rob i am not a coder so i appologise as i did not analys the two codes so could not say obviously he has seen it sufficient to rewrite part of it one thing that does stand out though is the change in the bar colouring

My understanding is that in V1 - white was as high spread low volume bar , but in the new version it a climax down bar ie the opposite of the red bar up climax bar. In this version you have

Red- Climax up bar - High Volume up bar large spred
White - Climax down bar - High volume down bar large spread
Yellow - Low volume bar
Green - churn High Volume low spread
Magenta -volume climax with volume churn

Thank you
Kind regards
  • #825
  • Apr 20, 2009 5:51am Apr 20, 2009 5:51am
Quoting censura
Hi Rob i am not a coder so i appologise as i did not analys the two codes so could not say obviously he has seen it sufficient to rewrite part of it one thing that does stand out though is the change in the bar colouring
No reason to apologies. Also because you were right because of the colours.

But for me personal the "old" colors are enough. There is really no need for different colors for climax bars. I can see myself if that's an up or downbar.
Here again the explanations for them (better volume indicator 1.3):

Red bar - wide range, high volume (climax bar). Can be seen at beginning of uptrend, end of uptrend., and in continuation of downtrends.
Green bar - low range, high volume (high churn bar). Can be seen at beginning of uptrend, end of uptrend, and continuation of downtrend.
White bar - low volume, high range (low churn bar). Can be seen at bottoms, tops, and continuation of uptrend.
Yellow bar - low volume, low range. Seen at similar places to the low churn bar(white bars).
Magenta bar - Climax volume plus High volume churn - both the conditions are rare.
  • #826
  • Edited 6:47am Apr 20, 2009 6:31am | Edited 6:47am
Quoting robBroker
There were some errors in the code from emini-watch.com (they say), but not in the better-volume code, as far as I know. The definitions of the coloured candles are still the same, I didn't see a error there. So no need for any update, i guess.
If you find some some big changes or errors plz tell us (attached with a pic). But again, I am happy with better volume and never change a winning horse.

cheers robBroker
There is one difference in the newer version of better volume at e=mini site. The White bars has been changed to a climax down bar and the red bar is exclusively a climax up bar. All others are the same. I have made those changes in this version of better volume 1.4

I need to fix a small calc. be back in afew

Ok here it is corrected.
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 11,202 downloads
File Type: mq4 BetterVolume ChartBars part1 1.4.mq4   5 KB | 8,035 downloads
File Type: mq4 BetterVolume ChartBars part2 1.4.mq4   4 KB | 8,109 downloads
  • #827
  • Edited 7:24am Apr 20, 2009 6:39am | Edited 7:24am
Hi thatwasme thanks for your work.
I PM'd you some days ago about this indicator http://www.forexfactory.com/showthre...17#post2655717, post 587-588.
It's possibible to add this function to your better indi and/or to your volume based on open and close?

Thanks,
Lubo.
If I know how, I tell You!! Few but Good!!
  • #828
  • Apr 20, 2009 9:22am Apr 20, 2009 9:22am
Quoting thatwasme
There is one difference in the newer version of better volume at e=mini site. The White bars has been changed to a climax down bar and the red bar is exclusively a climax up bar. All others are the same. I have made those changes in this version of better volume 1.4

I need to fix a small calc. be back in afew

Ok here it is corrected.
Glad to see you haven't given up on people thatwasme--thats great--considering some of the insults thrown at you in the other VSA room--i think someone almost did the same thing to flash over the weekend--

Learn to respect people's hard work folks and know when to back off--


Besides that---WOW--the candie just keeps coming--i think am gonna have to visit my dentist pretty soon--thanks for the thingy's
Attached Image (click to enlarge)
Click to Enlarge Name: forexflashvolume3.gif Size: 68 KB
  • #829
  • Edited 10:48am Apr 20, 2009 10:29am | Edited 10:48am
Guys, watch out the GJ.......todays range was way above normal(4500pips)...
Im waiting the bounce off "143" level to 146.
Volume is geting weaker at this support level(supply getting week),clear bottom.
Sellers are still stronger, but is is just a matter of time!
forexflash
  • #830
  • Apr 20, 2009 11:57am Apr 20, 2009 11:57am
Quoting ad2008
Nice robBroker,

It will be nice if someone can convert Hilbert_Sine_Wave into MT4 indicator.

Cheers


---------------------------------------------
Here you go--
Attached File(s)
File Type: mq4 SineWaveIndv0.1.mq4   5 KB | 2,393 downloads
  • #831
  • Apr 20, 2009 12:12pm Apr 20, 2009 12:12pm
Quoting taomql4
Here you go--
O man you are dropping indicators just like that...Who is your supplier? How many sisters you have?
The Market pays you to be disciplined
  • #832
  • Apr 20, 2009 12:27pm Apr 20, 2009 12:27pm
Hey taomql4.....does this looks familiar!??
It is nice to be wrong, and then pick money on a way back...LOL...
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 17 KB
forexflash
  • #833
  • Apr 20, 2009 12:43pm Apr 20, 2009 12:43pm
Quoting FOREXflash
Hey taomql4.....does this looks familiar!??
It is nice to be wrong, and then pick money on a way back...LOL...
omg that's hell lot of orders there. u sure it wun hit the LTL first before heading back up?
  • #834
  • Edited 12:59pm Apr 20, 2009 12:48pm | Edited 12:59pm
Quoting FOREXflash
Hey taomql4.....does this looks familiar!??
It is nice to be wrong, and then pick money on a way back...LOL...
Is one week that I use a similar stategy, but in shorter TF and shorter swing.... I start buy or sell when i think Folk can cover their position....
It' seems that is fairly good.... I have called it ACCUMULATION PLAN, cause i took idea from funds investors, and also cause i watch for accumulation position....

Lubo.

Ps. Ff, i think in your tikcs indi there something strange, i see that when tick change it subtracts from buy volume and adds to sell volume or viceversa...
I have an indi for NinjaTrader that use this formula to calcutes tikcs:

Inserted Code
  

.........                  
            int delta=0; int direction=0;
            
            if (calcMode==GomCDCalculationModeType.BidAsk)
            {    
                if ((tickType==TickTypeEnum.BelowBid)||(tickType==TickTypeEnum.AtBid))
                    delta =-volume;
                else if ((tickType==TickTypeEnum.AboveAsk)||(tickType==TickTypeEnum.AtAsk))
                    delta=volume;
            }
            else if (calcMode==GomCDCalculationModeType.UpDownTick)
            {
                if (lastPrice != 0)
                {
                    if (price>lastPrice) delta=volume;
                    if (price<lastPrice) delta=-volume;
                }
            }
            else if (calcMode==GomCDCalculationModeType.UpDownTickWithContinuation)
            {    
                if (lastPrice != 0)
                {
                    direction=Math.Sign(price-lastPrice);
                    
                    if (direction != 0)
                        {
                            delta=direction*volume;
                            lastDirection=direction;
                        }
                    else 
                        delta=lastDirection*volume;
                }
            }
            
            lastPrice=price;           ...
..................
I don't know if it possible to made in mql language.
If u are interested u can find it here http://www.ninjatrader-support2.com/...t=4231&page=14
If I know how, I tell You!! Few but Good!!
  • #835
  • Apr 20, 2009 1:04pm Apr 20, 2009 1:04pm
Try this one......I found this at mql4 site!
Attached File(s)
File Type: mq4 Waddah_Attar_BUY_SELL_Vol.mq4   3 KB | 2,250 downloads
forexflash
  • #836
  • Apr 20, 2009 1:07pm Apr 20, 2009 1:07pm
Quoting FOREXflash
Hey taomql4.....does this looks familiar!??
It is nice to be wrong, and then pick money on a way back...LOL...

Is that no demand indi that evryone talks about?
The Market pays you to be disciplined
  • #837
  • Apr 20, 2009 1:11pm Apr 20, 2009 1:11pm
Quoting FOREXflash
Try this one......I found this at mql4 site!
I know that indi, i think it isn't what i mean......
But no worry, it's not for me, i don't need it.....
It was only an observation....


Lubo.

P.s. what i'm looking for it this one but seems no one is interested http://www.forexfactory.com/showpost...&postcount=587
If I know how, I tell You!! Few but Good!!
  • #838
  • Apr 20, 2009 4:16pm Apr 20, 2009 4:16pm
Quoting thatwasme
There is one difference in the newer version of better volume at e=mini site. The White bars has been changed to a climax down bar and the red bar is exclusively a climax up bar. All others are the same. I have made those changes in this version of better volume 1.4

I need to fix a small calc. be back in afew

Ok here it is corrected.
Thank you Thatwasme for your continued support on this indicator...much appreciated!
  • #839
  • Apr 20, 2009 4:29pm Apr 20, 2009 4:29pm
Thanks and much appreciated ThatWasMe.
  • #840
  • Apr 20, 2009 5:35pm Apr 20, 2009 5:35pm
Yes, thank you, thatwasme!

Appreciated; good of you once more!

Ron
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