DislikedHey taomql4.....does this looks familiar!??
It is nice to be wrong, and then pick money on a way back...LOL...Ignored
THE Author of trading the Wrong Way--
He made me--FATHER OF VSA--ladies and gentlemen--
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Volume Spread Analysis (VSA) and background 5 replies
Trading With VSA - Volatile Volume and Spread Analysis 9 replies
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DislikedHey taomql4.....does this looks familiar!??
It is nice to be wrong, and then pick money on a way back...LOL...Ignored
Dislikedthis is what you get if you try to trade vsa without considering background . I was trying to warn our friend this morning ,.. but could not post in his forum
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DislikedMalcolmb---Does your Red/blue painted bar ever lag behinde the MA_of_ RSX lines? i tried using it yesterday and i noticed that the lines sometimes move ahead of the painted bars(they lag by a candle)--Is this the NORM?
thanksIgnored
Dislikedthis is the stupid object creation abilities metatrader provides, so that if you zoom in the chart it will be so obvious.Ignored
DislikedShamus, I took on board your comment about showing the MMPeriod (what you called timeframe in your comment, I think) on the screen....Ignored
DislikedThanks for starting this thread Shamus. VSA seems like a very useful tool.
I was in a trade today, up a few pips, but momentum was slow. The Better Volume indicator was showing a telltale yellow low volume bar and that gave me all the reason I needed to get out of the trade with a small profit just before it reversed.Ignored
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DislikedShamus, I looked at #00TimeFrame and saw what was done there. A bit of a change and now the coloured background covers the bars from which the MM lines are created.
- if you set MMPeriod to zero, then P bars (default 64) are used on all TFs
- if you set MMPeriod to (say) 60, then P bars are used on the H1 chart and 4P bars on the M15 and 12P bars on the M5 - which shows how we get the H1 lines on the M5 chart.
- Right at the bottom of the user controls, you'll find the 3 colours for the 5 rectangles
G
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DislikedWow that was fast.
I appreciate your help on this and I know it's purely cosmetic but the reason I like it is because I prefer white charts but some indicators I use need a black bg. This option allows for my chart/bar area to be white and still let other indi's such as ffcal and some custom informational display indicators to remain on black.
If it is too hard to modify it don't worry about it.
Cheers.Ignored
DislikedNo problem. I did not understand how you were using it and mistakenly had the background show the bars involved in the MM calculations.
This version gives you P bars width on every TF.
Enjoy!
GIgnored
Dislikedguys, what is the diefinition of upthrust actually?
is it
a. go up suddenly, then close near the low with LOW VOLUME (as stated in page 79 master the market) or
b. go up suddenly, then close near the low with HIGH VOLUME ( as stated here by many distiguished traders)
i'm confused...pliz help me...Ignored
DislikedAn upthrust on high volume into a new high (average of bars not necessarily a new high for the day) is strongest.
I think a lower volume UT not into a high is what would be considered a pseudo upthrust.
Perhaps someone a bit more versed in VSA could clarify.Ignored
DislikedThank you Grath. Is this ready to be linked now? If so can you make a post like you did earlier with the details for each of the options and the latest version.Ignored
I have no doubt that there are options other people might want, but that’s all I have at the moment.
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DislikedThe indicator that I am posting here has user-variable controls for:[list][*]P (Leave it at 64 unless you know what you are doing.***)[*]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. If it's non-zero, the MM lines will be the same on all timeframes. The default is set to 60.)[*]StepBack (The number of bars back that the MM calculations start from. For example, set it to 24 to see yesterday's...Ignored