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Trade Using VSA (Volume Spread Analysis)

  • #901
  • Apr 23, 2009 11:49am Apr 23, 2009 11:49am
Quoting Islander
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

Nice trade. I just got started for today (I feel so backwards) Hope you guys had a great night last night.
The trend always ends.
  • #902
  • Apr 23, 2009 12:53pm Apr 23, 2009 12:53pm
i'm not programmer and this is not my code. the indicator call Auction Trend all credit is to Frank. period is 40 or EMA 40 would look kind of similiar. http://www.traderslaboratory.com/for...ew-3605-2.html He does talk about market profile.
Attached Image (click to enlarge)
Click to Enlarge Name: Auction Reversals April 2008.png Size: 46 KB
  • #903
  • Apr 23, 2009 1:00pm Apr 23, 2009 1:00pm
A nice trade setup on GBP/USD M5 using both VSA and MM:
Attached Image (click to enlarge)
Click to Enlarge Name: nicetrade.png Size: 29 KB
The trend always ends.
  • #904
  • Apr 23, 2009 2:22pm Apr 23, 2009 2:22pm
Quoting Islander
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
sorry i'm still learning. but i can't figure out how would the wide range candle on high volume indicate? buying climax? if that is the case, then why the subsequent PA?
  • #905
  • Apr 23, 2009 4:02pm Apr 23, 2009 4:02pm
Quoting hwsv07
sorry i'm still learning. but i can't figure out how would the wide range candle on high volume indicate? buying climax? if that is the case, then why the subsequent PA?
This was a typical push up thru the resistance around the 4/8 level at 4600, often seen and as long as the retest of the resistance holds, its confirming that a strong move is in progress.
Trading Levels with WRBs
  • #906
  • Apr 23, 2009 4:21pm Apr 23, 2009 4:21pm
Quoting ShamusFamous
A nice trade setup on GBP/USD M5 using both VSA and MM:
Sorry for my silly question but do you use IBFX platform or something else because my volume look quite different from yout and i use IBFX-demo for charting ...
  • #907
  • Apr 23, 2009 6:08pm Apr 23, 2009 6:08pm
I've got this VWAP indicator some where

Cheers,
-----------------------------

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);
Attached File(s)
File Type: mq4 VWAP_Close.mq4   2 KB | 1,416 downloads
File Type: mq4 VWAP_High.mq4   2 KB | 1,203 downloads
File Type: mq4 VWAP_Low.mq4   2 KB | 1,209 downloads
File Type: mq4 VWAP_Open.mq4   2 KB | 1,218 downloads
  • #908
  • Apr 23, 2009 7:24pm Apr 23, 2009 7:24pm
Quoting teodosy87
Sorry for my silly question but do you use IBFX platform or something else because my volume look quite different from yout and i use IBFX-demo for charting ...

I do use IBFX for vsa but the screenshot was from my live account which is not with IBFX. Sorry about that
The trend always ends.
  • #909
  • Apr 23, 2009 7:25pm Apr 23, 2009 7:25pm
Quoting ad2008
I've got this VWAP indicator some where

Cheers,
-----------------------------

Are these the line ones? They look like bollinger bands rather than a profile type indicator?
The trend always ends.
  • #910
  • Apr 23, 2009 7:43pm Apr 23, 2009 7:43pm
Quoting taomql4
Thanks obaidah--- is there a quick way to fix this?
i've tried actually, went through the code several times, tried to write it in different way but the same result was guaranteed.
I recommend you read something else as this sentence is now concluded.
  • #911
  • Apr 23, 2009 10:41pm Apr 23, 2009 10:41pm
yes i got all those vwap close, open.....but how can i put all those function together to make the equation works.
  • #912
  • Apr 23, 2009 11:18pm Apr 23, 2009 11:18pm
Quoting AlexWong76
i'm not programmer and this is not my code. the indicator call Auction Trend all credit is to Frank. period is 40 or EMA 40 would look kind of similiar. http://www.traderslaboratory.com/for...ew-3605-2.html He does talk about market profile.
Is that indicator a free one that could be posted here?

thanks
  • #913
  • Apr 24, 2009 1:39am Apr 24, 2009 1:39am
VWAP is not The Volume Profile, is another thing, it is Volume Weighted Avarage Price, is simply the Average of the Volume Distribution, VWAP is calculated by price multiplied by number of shares traded and then dividing by the total shares traded for the day.
Another definition : VWAP stands for Volume-Weighted Average Price, the ratio of the value traded to total volume traded over a particular time horizon (usually one session). It is a measure of the average price a stock traded at over the trading horizon.It's calculated by summing the price & volume of each bar or tick, over the entire session, and then dividing that by the sum of the volume for the session.
Is is usually plotted as bands.
Take a look here:
http://www.traderslaboratory.com/for...-the-1990.html, here http://www.answers.com/topic/volume-...age-price-vwap , an here http://www.linnsoft.com/tour/techind/vwap.htm .

Lubo.
If I know how, I tell You!! Few but Good!!
  • #914
  • Apr 24, 2009 3:06am Apr 24, 2009 3:06am
Quoting LuboLabo
VWAP is not The Volume Profile, is another thing, it is Volume Weighted Avarage Price, is simply the Average of the Volume Distribution, VWAP is calculated by price multiplied by number of shares traded and then dividing by the total shares traded for the day.
Another definition : VWAP stands for Volume-Weighted Average Price, the ratio of the value traded to total volume traded over a particular time horizon (usually one session). It is a measure of the average price a stock traded at over the trading horizon.[font=Arial]It's...

I would prefer bars though similar to the screenshot I posted earlier in this thread.
The trend always ends.
  • #915
  • Apr 24, 2009 3:06am Apr 24, 2009 3:06am
Quoting Islander
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
Hi Islander

Yes, got in on the same trade at 1.4525. It was even more clear if you use that indicator that Flash (TicksSeperateVolume) kindly gave us where it shows Buying and Selling volumes separately.

My volume looks a bit different from yours. I am using a live IBFX account. You can see the Selling Climax in the is a high volume/low spread bar going down onto resistance at 1.4525 and then the selling drops right off compared to the bar before it.

In the high spread/high volume bar that breaks through the 1.4600 resistance you can see that there is almost no selling in it and it easily breaks through.



C
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 5m.gif Size: 38 KB
Boxing clever since 76.
  • #916
  • Apr 24, 2009 3:56am Apr 24, 2009 3:56am
Quoting gilos
thanx for the info lubo...do we have these indicators for mt4?
Sorry, I missed this post.
There is only MP for MT4.
Here is, if someone would try it.

Quoting ShamusFamous
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.
I think with forex volume, which haven't traded contracts, may MP and VP wouldn't differ so much.

Lubo.
Attached File(s)
File Type: ex4 market profiler_v2.ex4   6 KB | 1,211 downloads
File Type: mq4 Level Sensor new.mq4   5 KB | 1,280 downloads
File Type: mq4 marketprofile.mq4   5 KB | 1,123 downloads
If I know how, I tell You!! Few but Good!!
  • #917
  • Apr 24, 2009 3:57am Apr 24, 2009 3:57am
Quoting copi88
Hi Islander

Yes, got in on the same trade at 1.4525. It was even more clear if you use that indicator that Flash (TicksSeperateVolume) kindly gave us where it shows Buying and Selling volumes separately.

My volume looks a bit different from yours. I am using a live IBFX account. You can see the Selling Climax in the is a high volume/low spread bar going down onto resistance at 1.4525 and then the selling drops right off compared to the bar before it.

[color=black]In the high...
Great that you picked up that super entry and agreed that Flash's indy can help. I too have IBFX on another 'puter that I dont use for posting - either way, the volume alerted us and the Price Action confirmed the trade...
Trading Levels with WRBs
  • #918
  • Edited 5:09am Apr 24, 2009 4:50am | Edited 5:09am
Look at the picture!!
May it's only a little correction of trend.

Lubo.

P.s. Alway be aware of news,
expectations are bad news for the dollar,
These last few days, the general sentiment is to buy.
May after these little correction if bad news are confirmed, trend contiue up.
Attached Image (click to enlarge)
Click to Enlarge Name: MPeuEX.png Size: 62 KB
If I know how, I tell You!! Few but Good!!
  • #919
  • Apr 24, 2009 5:47am Apr 24, 2009 5:47am
Just wanted to leave a warning to those using period_converter in order to get smaller TF charts, that it seems to have a problem calculating volume for the new chart;

In fact, using the original script from ibfx to get a M3 chart, I noticed a strange behaviour in the volume (using CDRW volume) - sometimes the volume is increasing the same amount as in another TF chart, but suddenly comes back to zero in the same bar and start adding from there!

So this gives a very incorrect volume bar. Be aware and check your case.

I've downloaded two other period_converters found here in FF, which I will later try, to see if it's a flaw in the code.
  • #920
  • Apr 24, 2009 6:11am Apr 24, 2009 6:11am
OK, first of all the two others period_converters that I've downloaded are Indicators (not scripts), and should go into the Indicators' folder;

I've tried one of them, and everything seems fine with the volume (no resets in it in the same bar) - I'll assume both are correct, since the file version and author are the same.

Another plus is, being an Indicator and not a script, it continues working after closing and re-openning the platform (with the script, you had to reload it).

So here it is.
Sorry if it's a repost, but the main reason was to alert not to use the original script that comes with the platform.
Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 707 downloads
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