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Trade Using VSA (Volume Spread Analysis)

  • #881
  • Edited 5:02pm Apr 22, 2009 4:16pm | Edited 5:02pm
Victory will be mine--this time around---

FXchi--maybe you can join --lets push this thing down--

i tell u this--the strong pivot and reverse is living up to its name--gotta put a tight SL on it
Attached Image (click to enlarge)
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  • #882
  • Apr 22, 2009 5:48pm Apr 22, 2009 5:48pm
Grath,

what do you think about putting some time lines
as an option for your awsome coding?


PRICE M ^ | 8 | .999 .999 .992 .954 .890 .816 .746 .683 | 7 | .999 .999 .980 .920 .838 .757 .683 .621 | 6 | .999 .997 .954 .866 .770 .683 .610 .547 | 5 | .999 .988 .905 .789 .683 .593 .522 .471 | 4 | .999 .954 .816 .683 .576 .497 .431 .383 | 3 | .997 .866 .683 .547 .451 .383 .332 .296 | 2 | .954 .683 .497 .383 .311 .259 .228 .197 | 1 | .683 .383 .259 .197 .159 .135 .111 .103 --------------------------------------------------------------> N 1 2 3 4 5 6 7 8 TIME TABLE 1 (A SQUARE OF 64)
[IMG]file:///I:/DOCUME%7E1/Yo/LOCALS%7E1/Temp/msohtml1/01/clip_image001.gif[/IMG]TABLE 1 may only be used in the context of the Square in Time. To use TABLE 1, set the price-time action into the appropriate Murrey Math Square in Time. Once the Square in Time has been defined, changes in price are expressed in 1/8'ths of the square's height. Changes in time are expressed in 1/8'ths of the square's time width. One can then look at the most recent price movement within the square as M/8'ths of price over N/8'ths of time (the table is the same for price increases and price decreases). The entry in the M'th row and N'th column specify the probability that the price movement will reverse itself.



I wonder if the time lines would be very useful..probably look alot better than this and it'll.help u wait for reversal's at 8/8 with vsa confirmation etc... This may help u predict and anticipate reversals and when price fades...

U may get it in here...I wonder if you've read this already.....
Great coding man, love it.


IndoFear
Attached File(s)
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  • #883
  • Apr 22, 2009 6:37pm Apr 22, 2009 6:37pm
possyble short
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The Market pays you to be disciplined
  • #884
  • Apr 22, 2009 7:06pm Apr 22, 2009 7:06pm
possible trade
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The Market pays you to be disciplined
  • #885
  • Apr 22, 2009 9:01pm Apr 22, 2009 9:01pm
Good night folks
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  • #886
  • Apr 22, 2009 11:02pm Apr 22, 2009 11:02pm
hi,

first let me thank you all who are collaborating to this thread... you guys are forming a very nice compendium of vsa!!!

as i am reading some of those posts, i saw this horizontal histogram in several charts, and i would like to know what it is... thanks again,

have a good one making a lot of pips,,,




http://www.forexfactory.com/attachme...0&d=1237987238
  • #887
  • Apr 22, 2009 11:11pm Apr 22, 2009 11:11pm
Quoting brspMA
hi,

first let me thank you all who are collaborating to this thread... you guys are forming a very nice compendium of vsa!!!

as i am reading some of those posts, i saw this horizontal histogram in several charts, and i would like to know what it is... thanks again,

have a good one making a lot of pips,,,

http://www.forexfactory.com/attachme...0&d=1237987238

It's called marketprofile. I don't use it so maybe someone else can explain why they do. I find it to be fairly useless since it appears at first glance to be a vwap type indicator. It isn't though so it just clutters up my chart.

EDIT: oops that's a Malcolm chart so likely it *is* a true vwap indicator LOL
The trend always ends.
  • #888
  • Apr 22, 2009 11:22pm Apr 22, 2009 11:22pm
Quoting LuboLabo
There was a great 1 hour stopping volume on a great support this morning. But if you look a stopping volume was formed in all TF from 4H to 5M.

Lubo.

Excellent examples Lubo.
The trend always ends.
  • #889
  • Apr 23, 2009 1:08am Apr 23, 2009 1:08am
hi Shamus!

thanks a lot... it seems very interesting... it might help to identify s/r based on volume in that specific price. i use MT4 for my charting so if someone could let me know where i can get the code of this indicator i would appreciate... thanks again,,,
  • #890
  • Edited 3:54am Apr 23, 2009 3:31am | Edited 3:54am
Hi all happy trading today-

Post 2- I am still in my Eur/usd trade from yesterday and am looking to hold this for what it is worth my observations are as follows

daily - with a short term bottom in at 20/22/22 at approx 1.2890 we had a nice push up yesterday in the 1.30 region. We should and are seeing some more accumm in this area seen on the 1hr chart from 15.00gmt till now (see the volume coming in at the top of the range 1.3027 to drive price down and then buy back up) there is very little interest at prices below 1.2980 although a word of caution i would not put it past the sm to drop a big down spike (shakeout) we will see.

5min at 8-45 gmt we had a nice stopping volume bar which would have been another opp to buy

im in and for the long drive up lets hope im still smiling at the end of the day
good luck
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  • #891
  • Apr 23, 2009 5:37am Apr 23, 2009 5:37am
Was playing with some colour schemes to make my charts a bit more pleasing on the eye and eaiser to read and spotted this missed opp this morning
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  • #892
  • Apr 23, 2009 5:43am Apr 23, 2009 5:43am
Quoting censura
Was playing with some colour schemes to make my charts a bit more pleasing on the eye and eaiser to read and spotted this missed opp this morning
haha dude... u can;t possibly get all the currencies, just focus on a few will do.
  • #893
  • Apr 23, 2009 5:51am Apr 23, 2009 5:51am
I'm pretty much vsa challenged but thought this was the screaming buy of the day (I watch gu, ej and eu). In an uptrend, support shown at 127.50, a high vol hammer that closed above todays open.

Excuse the other indi's I still love divergence when it shows up with vsa.
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  • #894
  • Apr 23, 2009 8:12am Apr 23, 2009 8:12am
Quoting ShamusFamous
Excellent examples Lubo.
Thanks SF, but i think i have showed those pictures in a opposite way... stopping volume was formed from 5M to 4H, and not vicerversa.....
Lol....

Lubo.
If I know how, I tell You!! Few but Good!!
  • #895
  • Apr 23, 2009 8:25am Apr 23, 2009 8:25am
Quoting ShamusFamous
It's called marketprofile. I don't use it so maybe someone else can explain why they do. I find it to be fairly useless since it appears at first glance to be a vwap type indicator. It isn't though so it just clutters up my chart.

EDIT: oops that's a Malcolm chart so likely it *is* a true vwap indicator LOL

There are 2 versions of that indicator, Market Profile(MP) and Volume Profile(VP).The differencies are the first works on price and time and it plots histogram on how much time the price spends on same price, and the second one plots histogram based on how much volume is on the same price.
I prefer the VP, especially if it is used on instruments where there is a true volume (traded contracts), cause it show u where there is more volume accumulation.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #896
  • Apr 23, 2009 8:42am Apr 23, 2009 8:42am
Quoting LuboLabo
There are 2 versions of that indicator, Market Profile(MP) and Volume Profile(VP)

Lubo.
thanx for the info lubo...do we have these indicators for mt4?
  • #897
  • Apr 23, 2009 10:25am Apr 23, 2009 10:25am
this is the vwap indicator but i can't code into MT4 maybe someone can.

value1=(vwap_h+c)/2;

value2=value1-average(c,40)[1];

plot1(value2,"value2");
plot2(5,"5");
plot3(-5,"-5");


if value2>=0 then
setplotcolor(1,green)
else
setplotcolor(1,red);
  • #898
  • Apr 23, 2009 11:33am Apr 23, 2009 11:33am
Quoting LuboLabo
There are 2 versions of that indicator, Market Profile(MP) and Volume Profile(VP).The differencies are the first works on price and time and it plots histogram on how much time the price spends on same price, and the second one plots histogram based on how much volume is on the same price.
I prefer the VP, especially if it is used on instruments where there is a true volume (traded contracts), cause it show u where there is more volume accumulation.

Lubo.

Yes I've seen Marketprofile. That's the one I find useless lol. The other doesn't exist for mt4 at least that I can find.
The trend always ends.
  • #899
  • Edited 11:37am Apr 23, 2009 11:36am | Edited 11:37am
I hope that others noticed this fakeout after the poor Existing Homes data at 10am EDT.

The high volume long wicked candle was a clear buy signal worth 125 pips http://www.forexfactory.com/images/icons/icon6.gif

Also notice the wide range candle on high vol that broke up through the 4600 level.....http://www.forexfactory.com/images/icons/icon12.gif
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Trading Levels with WRBs
  • #900
  • Apr 23, 2009 11:43am Apr 23, 2009 11:43am
Quoting AlexWong76
this is the vwap indicator but i can't code into MT4 maybe someone can.

value1=(vwap_h+c)/2;

value2=value1-average(c,40)[1];

plot1(value2,"value2");
plot2(5,"5");
plot3(-5,"-5");


if value2>=0 then
setplotcolor(1,green)
else
setplotcolor(1,red);

This code doesn't look correct It should plot the highest and lowest volume points horizontally on the chart and the prices (this part in your code looks correct) at which they occur and possibly have a setting for how many bars or days to calc.

I'm still not really sure why something like this exists for seemingly every trading platform known to man but not mt4. I'm guessing there is a limitation in mt4 that would prevent this indi from being possible.

ps I'm not a coder either but deal with it quite a bit in my business.
The trend always ends.
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