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Trade Using VSA (Volume Spread Analysis)

  • #841
  • Edited Apr 21, 2009 1:05am Apr 20, 2009 8:57pm | Edited Apr 21, 2009 1:05am
Quoting FOREXflash
Hey taomql4.....does this looks familiar!??
It is nice to be wrong, and then pick money on a way back...LOL...
damn----FLASH..Nice call on the retracement--LOL--





THE Author of trading the Wrong Way--
He made me--FATHER OF VSA--ladies and gentlemen--
Attached Image
  • #842
  • Apr 21, 2009 12:36am Apr 21, 2009 12:36am
Thanks 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.
  • #843
  • Apr 21, 2009 2:16am Apr 21, 2009 2:16am
MALCOLMB14
thank you for your nice job here , I very attentively study your posts.
please if you want can you explain in detail why did you expect short in this post http://www.forexfactory.com/showthre...154339&page=61 number 912.,can you explain what tell you other bars ,that didnt annotate in picture ??
With whitch bar did you compare volume on bar "after small dip we have test of top with low spread high volume candle. ????
What about "low spread candle with high volume at top=sellers " , would be better if this bar was close lower than close of previous wide spread bar ??? , or volume would be more than previous bar ??? . I t was not a little risky ??
Thank you for your time and helpfulness.
  • #844
  • Edited 7:38am Apr 21, 2009 7:25am | Edited 7:38am
Quoting malcolmb14
this 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

Attachment

Malcolmb---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?

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: rsx.gif Size: 50 KB
  • #845
  • Apr 21, 2009 7:28am Apr 21, 2009 7:28am
Quoting taomql4
Malcolmb---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?

thanks
this is the stupid object creation abilities metatrader provides, so that if you zoom in the chart it will be so obvious.
I recommend you read something else as this sentence is now concluded.
  • #846
  • Apr 21, 2009 7:52am Apr 21, 2009 7:52am
Quoting Obaidah
this is the stupid object creation abilities metatrader provides, so that if you zoom in the chart it will be so obvious.
Thanks obaidah--- is there a quick way to fix this?
  • #847
  • Apr 21, 2009 8:28am Apr 21, 2009 8:28am
Quoting Grath
Shamus, I took on board your comment about showing the MMPeriod (what you called timeframe in your comment, I think) on the screen....
Yet another fix - this time to keep the background colours moving.

G
Attached File(s)
File Type: mq4 MML_Multi_Option_v1.21.mq4   28 KB | 723 downloads
  • #848
  • Apr 21, 2009 8:52am Apr 21, 2009 8:52am
I haven't posted in a few days. I just wanted to say a big thanks for Thatwasme for doing the update to the BV indicator. (I'll edit the links today) and also a huge thanks to Grath for his work on the MM Indicator.

I really appreciate all you guys have done.
The trend always ends.
  • #849
  • Apr 21, 2009 8:54am Apr 21, 2009 8:54am
Quoting GoldStandard
Thanks 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.

Great use of VSA concepts to stay green. I hope you'll continue letting us know how you're doing and join us in the live chat as well.

Good luck to you.
The trend always ends.
  • #850
  • Apr 21, 2009 10:54am Apr 21, 2009 10:54am
Quoting Grath
Yet another fix - this time to keep the background colours moving.

G
Shamus, 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.

  1. if you set MMPeriod to zero, then P bars (default 64) are used on all TFs
  2. 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.
  3. Right at the bottom of the user controls, you'll find the 3 colours for the 5 rectangles

G

Attached File(s)
File Type: mq4 MML_Multi_Option_v1.22.mq4   27 KB | 634 downloads
  • #851
  • Apr 21, 2009 11:35am Apr 21, 2009 11:35am
Quoting Grath
Shamus, 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.

  1. if you set MMPeriod to zero, then P bars (default 64) are used on all TFs
  2. 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.
  3. Right at the bottom of the user controls, you'll find the 3 colours for the 5 rectangles

G

Wow that was fast.

One question though.

It still seems to be displaying much more background color size in every time frame then the original does can you compare the two on two different charts?

Maybe you could put in a bg limit size to x amount of candles?

On the original it only has a period of 64 as an option which may be the reason it always shows the same amount of bg regardless of TF? Take a look at the original on a chart and switch the timeframes around to see what I mean.

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.
The trend always ends.
  • #852
  • Apr 21, 2009 12:36pm Apr 21, 2009 12:36pm
Quoting ShamusFamous
Wow 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.
No 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!

G
Attached File(s)
File Type: mq4 MML_Multi_Option_v1.23.mq4   27 KB | 769 downloads
  • #853
  • Apr 21, 2009 12:44pm Apr 21, 2009 12:44pm
Quoting Grath
No 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!

G

Thank 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.
The trend always ends.
  • #854
  • Apr 21, 2009 1:00pm Apr 21, 2009 1:00pm
guys, 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...
  • #855
  • Apr 21, 2009 1:38pm Apr 21, 2009 1:38pm
Quoting gilos
guys, 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...
An 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.
The trend always ends.
  • #856
  • Apr 21, 2009 2:23pm Apr 21, 2009 2:23pm
Quoting ShamusFamous
An 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.
An Uptrust and a Stopping Volume can occur at any level, but we must identify where it can be a valid signal.
A practical view can help to understand.

Lubo.
Attached Image (click to enlarge)
Click to Enlarge Name: upthr-stopvol.gif Size: 50 KB
If I know how, I tell You!! Few but Good!!
  • #857
  • Apr 21, 2009 2:43pm Apr 21, 2009 2:43pm
Quoting malcolmb14
vsa does not work all the time

but this is a sign of a weakening market

Attachment
The thumbnail / inline image is gone, but clicking it brings up the expanded chart.
  • #858
  • Apr 21, 2009 4:00pm Apr 21, 2009 4:00pm
Quoting ShamusFamous
Thank 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.
The 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. If it's non-zero, the MM lines will be the same on all timeframes. The default is set to 60.)
  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 MMPeriod setting writ large.)
  9. TFCorner (2 is bottom left corner, 1 is top right, 0 is top left.)
  10. TFColour (So you can see the TF setting on white or black backgrounds.)
  11. mml_clr_etc (They all let you change the MM line colours)
  12. mml_wdth_etc (They let you have thicker/thinner lines.)
  13. MarkColor (Colour of the arrow that marks the last calculated bar when you have StepBack turned on.)
  14. MarkNumber (217 is the arrow head.)
  15. MM1Color (Controls the colour of the centre band, MML5 to MML7)
  16. MM2Color (Controls the colour of the outer bands, MML0 to MML2 and MML10 to MML12)
  17. MM3Color (Controls the colour of the intermediate bands, MML2 to MML5 and MML7 to MML10)

I have no doubt that there are options other people might want, but that’s all I have at the moment.
G

Attached File(s)
File Type: mq4 MML_Multi_Option_v1.23.mq4   27 KB | 4,483 downloads
  • #859
  • Apr 21, 2009 4:08pm Apr 21, 2009 4:08pm
Quoting Grath
The 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...
Linked and thanks again! It works great.
The trend always ends.
  • #860
  • Apr 21, 2009 4:53pm Apr 21, 2009 4:53pm
Changing the MM line text can be fun if you're bored.

http://content.screencast.com/users/...04-21_1750.png
The trend always ends.
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