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Trade Using VSA (Volume Spread Analysis)

  • #1,201
  • Edited 10:46pm May 6, 2009 10:24pm | Edited 10:46pm
There's no way anybody can use these VSA indicators without knowing what they are doing..---i couldn't---except they like staring at volume indicators--annd if that's the case--that would be reallyy wiiieerrdd--lol-

I feel like am flying a Jet--really pretty-- flash--i know much work went into it--so thanks again


Good night everybody
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  • #1,202
  • May 7, 2009 3:14am May 7, 2009 3:14am
Enjoy


Cheers,
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File Type: pdf Volume reading.pdf   133 KB | 2,706 downloads
  • #1,203
  • May 7, 2009 9:36am May 7, 2009 9:36am
i took this short due to it closing at the lows as such. well, with that larger upper wick
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  • #1,204
  • May 7, 2009 9:46am May 7, 2009 9:46am
Quoting RaverStyleTim2
i took this short due to it closing at the lows as such. well, with that larger upper wick
Did you enter only because this uptrust or you saw some wekness in the background ?
  • #1,205
  • May 7, 2009 9:51am May 7, 2009 9:51am
didnt close above fxdd 12:00, also i figure that would be also boucning off resisitence. but i dont know.
  • #1,206
  • May 7, 2009 10:00am May 7, 2009 10:00am
Now shorting eurusd--------- the currency was rising on decreasing volume--obviously no interest in breaking the resistance

looked for my narrow spread up bar on low volume within a very narrow spread High volume bar(its in there..lol) and the rest is pretty much history--
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  • #1,207
  • May 7, 2009 10:26am May 7, 2009 10:26am
Quoting FOREXflash
Whats up........
I recoded my last codes, and this is what it looks like now.
This codes will work for any platform, I added a textual info
on both of them where you can see all the info in realtime based on curent bar......all the text will automaticaly change colors
regarding on live chart info and every histogram will notice you is the current spread/wick/volume above or below the average of the last 20 bars,
except the better volume wich is calculated by 100 period MA, and signals are given on last bar close.

Enjoy
Hi FOREXflash,

Thanks for your recent indy updates.
I'd like to use them but am having the same problem - almost freezes platform, slows it way, way down in any case. More so with BV&tickseperate...
Any chance you could look it over? Scalable fonts would be nice too.
Thanks for your work and interest.
Jim
  • #1,208
  • May 7, 2009 11:13am May 7, 2009 11:13am
Quoting Recycleking
Hi FOREXflash,

Thanks for your recent indy updates.
I'd like to use them but am having the same problem - almost freezes platform, slows it way, way down in any case. More so with BV&tickseperate...
Any chance you could look it over? Scalable fonts would be nice too.
Thanks for your work and interest.
Jim
Using up a lot of CPU power causing screen to freeze.
  • #1,209
  • May 7, 2009 11:53am May 7, 2009 11:53am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Hey guys,

A couple of questions:

Firstly, I'm working my way throught the thread, while trying to get my head around using volume.

I want make sure I'm starting out in the right direction - so trying to make sure I have relevant volume data.

The four shots below are from InterbankFX, InterbankFX (branded as FXPro on my computer), ODL and MIG.

All charts are GBP/USD (something familiar to most) and on 15-min TF.


- The two InterbankFX volume results are, strangely enough, fairly different (one looks good, the other, not so much).
- ODL is reasonable looking.
- MIG looks the 'cleanest'.

Am I on the right track here - do the volume representations on at least one of them look acceptable?


Once I can confirm this, I shall back away into the darkness and continue reading...


Thanks,

Magnus


EDIT: these are all demo accounts.
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  • #1,210
  • May 7, 2009 12:49pm May 7, 2009 12:49pm
Hi Ff,
There are 2 EA that collect ticks in a file, and there also the explanation to how buil a tick volume chart.
I don't know if they could be useful to made a real up down comulative tick indi.

Here the links http://articles.mql4.com/548
http://codebase.mql4.com/2346

Cheers.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #1,211
  • May 7, 2009 1:16pm May 7, 2009 1:16pm
a few posts back this was discussed a little bit. currently ibfx is having a 'feed problem'. even if i look on 1m i see the bars jumping back and forth. for now, i'd say trash ibfx feed for a few days cause its way way off.

Quoting Yuppie
Hey guys,

A couple of questions:

Firstly, I'm working my way throught the thread, while trying to get my head around using volume.

I want make sure I'm starting out in the right direction - so trying to make sure I have relevant volume data.

The four shots below are from InterbankFX, InterbankFX (branded as FXPro on my computer), ODL and MIG.

All charts are GBP/USD (something familiar to most) and on 15-min TF.


- The two InterbankFX volume results are, strangely enough, fairly different (one looks good, the other, not so much).
- ODL...
  • #1,212
  • Edited 1:41pm May 7, 2009 1:29pm | Edited 1:41pm
I dont know what is the problem, codes doesnt have any errors,
and my computer CPU and system memory is at the lowest possible level,
......Im using 12 VSA codes at my platform without any problems!!!
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forexflash
  • #1,213
  • May 7, 2009 1:47pm May 7, 2009 1:47pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting FOREXflash
I dont know what is the problem, codes doesnt have any errors,
and my computer CPU and system memory is at the lowest possible level,
......Im using 12 VSA codes at my platform without any problems!!!

FOREXflash, thank you for this indicator, you truly are good at this programming lark...

I have now got it working - here is what I did:

1) Closed down MT4
2) Deleted BetterVolume 1.3, VSA Better&TickSeparatVolumeHistogram.ex4 and VSA Spread&WickHistogram.ex4 indicators.
3) Started MT4 then shut it down again.
4) Placed Better&TickSeparatVolumeHistogram.ex4 and VSA Spread&WickHistogram.ex4 indicators back in indicator directory again.
5) Started MT4 again.
6) New indicators working fine!

7) Shutdown MT4 and put original BetterVolume 1.3 indicator back inindicator folder again.
8) Started MT4 again and all indicators still working fine!!


Now, I'm still unclear why this was the case, but they're working now, that's the main thing...


Magnus
  • #1,214
  • May 7, 2009 1:55pm May 7, 2009 1:55pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting RaverStyleTim2
a few posts back this was discussed a little bit. currently ibfx is having a 'feed problem'. even if i look on 1m i see the bars jumping back and forth. for now, i'd say trash ibfx feed for a few days cause its way way off.

Okay, cool, thank you RaverStyle.


Magnus
  • #1,215
  • May 7, 2009 3:08pm May 7, 2009 3:08pm
who says flying is boring----
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  • #1,216
  • May 7, 2009 3:17pm May 7, 2009 3:17pm
Lol.....here is a new version with bar timer and magnifed price so you
can fly even more comfortably!
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Attached File(s)
File Type: ex4 VSA© Spread&WickHistogram.ex4   14 KB | 1,211 downloads
File Type: ex4 VSA© Better&TickSeparatVolumeHistogram.ex4   16 KB | 1,192 downloads
forexflash
  • #1,217
  • May 7, 2009 3:53pm May 7, 2009 3:53pm
Holy crap, I got to the end. Once I put Tao on ignore, it went by much faster ( This message is hidden because taomql4 is on your Ignore List). No offense to anyone, but out of 82 pages, there's a max of 10 pages of info here, but that's par for the course on forums.

One thing I didn't see, or catch, was the how people use the MM lines. I've never used them and I've done a bit of reading on them, but I agree with Islander on using Pivots and round numbers.

Anyway, I read the MTM book a few days ago. It's fascinating because I really didn't think volume could be used in FX. It's now worth exploring (duh, I wouldn't have read all of this already if I didn't think so) but I think Malcolm outlined it best. I'm going to have to read that book a few more times and practice. I understand the appeal of indicators, but if one believes in the relationship between volume and price as outlined in VSA, then I think the indicators are a waste of time at best, and dangerous at worst.

Thanks to all for the headache, lol. Thanks to Shamus, Malcolm and Islander the most.
  • #1,218
  • Edited 5:23pm May 7, 2009 4:11pm | Edited 5:23pm
Hold up -Dopey--before you ignore me--this could be very devastating--how much exactly will i loose in my account over this action---

LOL--like i care---you are a complete stranger--dude--i think a little humility on your self importance and worth is in order here--

Well--i guess some pick up things faster than others--if questions are asked or directed to me--i can answer---and there's plenty of info here to read---VOLUME and SPREAD---i don't think we need to write a thesis on it---done that enough in engineering school-

PS--Flash --i will be looking out -if you ever create a new thread on VSA indicators--hopefully) ---looks like people are just complaining way too much about it--i really don't know how much i can talk about high volume and looking for low volume-Now this is a kicker--

-After reading MTM and people still think volume doesn't really apply to FX--Good luck Malcolmb-(i think am ready to move on)

Shamus---its being a Pleasure --Sir----i think i wanna go play your Picture tennis now(lol) or am gonna drive folks here crazy--

From NYSE1982 to here====WOW-----its being a great Journey.

Big Thanks
  • #1,219
  • May 7, 2009 6:42pm May 7, 2009 6:42pm
Quoting taomql4
Hold up -Dopey--before you ignore me--this could be very devastating--how much exactly will i loose in my account over this action---

LOL--like i care---you are a complete stranger--dude--i think a little humility on your self importance and worth is in order here--

Well--i guess some pick up things faster than others--if questions are asked or directed to me--i can answer---and there's plenty of info here to read---VOLUME and SPREAD---i don't think we need to write a thesis on it---done that enough in engineering school-

PS--Flash --i will...

oh well their loss ...

those that do not think volume works. ... here for my 120 pip trade in gj this afternoon . The problem is not that volume does not work in forex .. it is operator error ... they just do not understand what it means , kind of like a 2 year trying to read a novel

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Blogging daily now at www.volume.zone
  • #1,220
  • May 7, 2009 6:42pm May 7, 2009 6:42pm
Quoting taomql4
Hold up -Dopey--before you ignore me--this could be very devastating--how much exactly will i loose in my account over this action---

LOL--like i care---you are a complete stranger--dude--i think a little humility on your self importance and worth is in order here--

Well--i guess some pick up things faster than others--if questions are asked or directed to me--i can answer---and there's plenty of info here to read---VOLUME and SPREAD---i don't think we need to write a thesis on it---done that enough in engineering school-

PS--Flash --i will...
Hey taomql4, are you leaving this thread? Serious? Why? Because of this Dopey? Comon! Your posts are funny and I like them very much...Indicators are useful if properly used...To be trader means much more then indicators....looking forward to read your posts soon...
The Market pays you to be disciplined
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