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Trade Using VSA (Volume Spread Analysis)

  • #2,681
  • Aug 11, 2009 8:57pm Aug 11, 2009 8:57pm
Here's the volumehisto that the market_statistics one is based off:

http://codebase.mql4.com/download/16423

Set Period_ind to 480 (20 days on the 1 hour chart) and open a 1 hour chart.

Largest value I have is 7 pips away from malc's cumulative volume histogram. FXCM demo mt4 feed.

Considering the differences between esignal volume and fxcm volume, I think it's pretty close to malc's.

Will have a look at the market profile version.

Also try some of these I found floating around.
Attached File(s)
File Type: mq4 level_sensor_116.mq4   4 KB | 790 downloads
File Type: mq4 PD Dynamics.mq4   6 KB | 814 downloads
  • #2,682
  • Edited 10:16pm Aug 11, 2009 9:50pm | Edited 10:16pm
i can already do this, just by typing 21 inside the indi... but what i wanted is something similar to the indicator i attached:
a "start date" and "end date" - just like in this screenshot.

the idea was to isolate a rally, from the beginning to the end, and then use market profiler rather than using fibo levels to identify possible retracements...
i don't know if i make myself clear...

pretty please ?

Quoting chalk54
It can be made for 20 or more days depending on your preference.

Cheers
Attached Image
Nihil Sine Deo.
  • #2,683
  • Aug 11, 2009 10:47pm Aug 11, 2009 10:47pm
Hello guys, here is a chart of GBPJPY 15m in Asian session. First, asian session is usually slower than others sessions but can still gives some good setups if one wait patiently for some nice VSA setups to presents themselves.

We can see on that chart that we had a congestion channel going slightly upward but the powerhouse was not following as volume was decreasing all the way as price tried to climb up during this congestion channel. This is the first indication of weakness coupled with the fact that current intraday trend is down.

A and B) We see 2 No Demand bars doji like with narrow spread closing in middle of the candle with volume less than previous 2 volume bars. This further indicate weakness as price tried to go higher.

C) Then, look at the down bar on increasing volume piercing the support line of the congestion channel. There was a good increase in volume without being ultra high volume which could have signaled potential strenght. This show a successful breakout and indicate further weakness.

D) Then, 2 bars laters, we get another No demand bar.

VSA along with some Wyckoff principles and patience and discipline can really pay off.

Of course, this is just my 2cent

Good trading to all

Shreem
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 15min.jpg Size: 163 KB
  • #2,684
  • Aug 11, 2009 11:01pm Aug 11, 2009 11:01pm
Hi Shreem,

Great looking chart example.
Did you mean to say no supply bar for D?

TJ


Quoting shreem
Hello guys, here is a chart of GBPJPY 15m in Asian session. First, asian session is usually slower than others sessions but can still gives some good setups if one wait patiently for some nice VSA setups to presents themselves.

We can see on that chart that we had a congestion channel going slightly upward but the powerhouse was not following as volume was decreasing all the way as price tried to climb up during this congestion channel. This is the first indication of weakness coupled with the fact that current intraday trend is down.

A and...
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,685
  • Aug 11, 2009 11:14pm Aug 11, 2009 11:14pm
Quoting shreem
Hello guys, here is a chart of GBPJPY 15m in Asian session. First, asian session is usually slower than others sessions but can still gives some good setups if one wait patiently for some nice VSA setups to presents themselves.

We can see on that chart that we had a congestion channel going slightly upward but the powerhouse was not following as volume was decreasing all the way as price tried to climb up during this congestion channel. This is the first indication of weakness coupled with the fact that current intraday trend is down.

A and...
i was in that short 158.32 , but for reasons off 5 min and 15 ....you missed the reversal after effort to rise at 158.44 9ressitance ) then a test of that level with upthrust 5 min
Blogging daily now at www.volume.zone
  • #2,686
  • Aug 12, 2009 12:11am Aug 12, 2009 12:11am
Quoting Scrat
i can already do this, just by typing 21 inside the indi... but what i wanted is something similar to the indicator i attached:
a "start date" and "end date" - just like in this screenshot.

the idea was to isolate a rally, from the beginning to the end, and then use market profiler rather than using fibo levels to identify possible retracements...
i don't know if i make myself clear...

pretty please ?
Alrighty, is done. I have modified the marketprofile_pob and renamed to marketprofile_scrat

This profile does exactly what Scrat wants exclusively (i.e. draw the profile from StartDate to EndDate). CountProfile is no longer available for use. So only one profile at a time can be drawn.

Note it's backwards so the end date must be before the start date (it starts at StartDate and works backwards from there until it reaches EndDate). Sorry, I can change this if needed.

Any problemo's let us know.
Attached File(s)
File Type: mq4 marketprofile_scrat.mq4   8 KB | 994 downloads
  • #2,687
  • Aug 12, 2009 12:33am Aug 12, 2009 12:33am
alright! thanks!!! much appreciated.
i owe you a beer

will come back with a chart, i hope i can prove my point.

Quoting TwoBuckChuck
Alrighty, is done. I have modified the marketprofile_pob and renamed to marketprofile_scrat

This profile does exactly what Scrat wants exclusively (i.e. draw the profile from StartDate to EndDate). CountProfile is no longer available for use. So only one profile at a time can be drawn.

Note it's backwards so the end date must be before the start date (it starts at StartDate and works backwards from there until it reaches EndDate). Sorry, I can change this if needed.

Any problemo's let us know.
Nihil Sine Deo.
  • #2,688
  • Aug 12, 2009 12:44am Aug 12, 2009 12:44am
ok, so i used the new indicator to find any relevant levels for the last daily swing: 148.61 to 163.06 (you can see the dates on the vertical lines).

based on the profiler, we have support @ 155.84. surprise, surprise... let's see where g-j stops before another rally.

great. i love this toy! thanks twobuck
Attached Image (click to enlarge)
Click to Enlarge Name: gj_h1.gif Size: 28 KB
Nihil Sine Deo.
  • #2,689
  • Aug 12, 2009 12:55am Aug 12, 2009 12:55am
oh, and check THIS e-u test to the pip.
neah... probably just a coincidence
Attached Image (click to enlarge)
Click to Enlarge Name: e-u_m30.gif Size: 21 KB
Nihil Sine Deo.
  • #2,690
  • Aug 12, 2009 4:11am Aug 12, 2009 4:11am
Quote
based on the profiler, we have support @ 155.84. surprise, surprise... let's see where g-j stops before another rally.
Scrat,
i can see your point. u want it customizable. very nice..
Good job, TwoBuckChuck..

Look at gbpjpy, price currently stopped at around 155.95 (+/-1 pip on 3 brokers).
another voodoo VSA tool.
More "coincidence" charts, Sir. pretty please, lol
  • #2,691
  • Aug 12, 2009 6:25am Aug 12, 2009 6:25am
Quoting malcolmb14
i was in that short 158.32 , but for reasons off 5 min and 15 ....you missed the reversal after effort to rise at 158.44 9ressitance ) then a test of that level with upthrust 5 min

Hello Mal and thanks for your reply. much appreciated. Yep, i did miss that one. Still learning VSA setups

Your input is always much appreciated

Shreem
  • #2,692
  • Aug 12, 2009 7:31am Aug 12, 2009 7:31am
Was selling ej this morning. Asia saw market fall through y's low to S1. No demand in the push up, an upthrust closed on S1, sold below 135.00.
Attached Image
  • #2,693
  • Aug 12, 2009 9:53am Aug 12, 2009 9:53am
A classic combination of VSA, Price Action and the use of Sweet Spots......

1. A high vol red hammer spiking down to the 6400 level......profit taking &/or buying

2. Another high vol narrower candle....ditto.

3. An ultra high vol doji - here the buyers took on all of the sellers and managed to keep the price in the same area.

After all of this classic Accumulation price moved steadily up 170 pips

4. Another UHV candle with an upside wick - a sign of profit taking

Remember that its FOMC day today......I wonder what some of the Big Dogs know that we dont.......
Attached Image (click to enlarge)
Click to Enlarge Name: aug cable 15m 1430.gif Size: 12 KB
Trading Levels with WRBs
  • #2,694
  • Aug 12, 2009 10:46am Aug 12, 2009 10:46am
profile of the last drop (163.03 - 155.96, see vertical grey lines) shows resistance at 159.50 area.
158.21 must have turned into support; and another support is found at 157.50.
Attached Image (click to enlarge)
Click to Enlarge Name: gj_m30.gif Size: 20 KB
Nihil Sine Deo.
  • #2,695
  • Aug 12, 2009 10:57am Aug 12, 2009 10:57am
first chart shows profile of the previous e-u rally. second chart shows profile of the last drop (still ongoing?).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e-u_h1_rally.gif Size: 24 KB
Click to Enlarge Name: e-u_h1_drop.gif Size: 22 KB
Nihil Sine Deo.
  • #2,696
  • Aug 12, 2009 11:14am Aug 12, 2009 11:14am
anyway, that's not VSA so i think i'm gonna stop posting these charts. i don't want to hijack the topic of this nice thread.
Nihil Sine Deo.
  • #2,697
  • Aug 12, 2009 11:44am Aug 12, 2009 11:44am
Quoting Islander
A classic combination of VSA, Price Action and the use of Sweet Spots......

1. A high vol red hammer spiking down to the 6400 level......profit taking &/or buying

2. Another high vol narrower candle....ditto.

3. An ultra high vol doji - here the buyers took on all of the sellers and managed to keep the price in the same area.

After all of this classic Accumulation price moved steadily up 170 pips

4. Another UHV candle with an upside wick - a sign of profit taking

Remember that its FOMC day today......I wonder what some of the Big Dogs...

what i want to know is why all the volume on the ES in the 2nd up candle. Why do i smell bull trap ?

Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 18 KB
Blogging daily now at www.volume.zone
  • #2,698
  • Aug 12, 2009 1:08pm Aug 12, 2009 1:08pm
Quoting Islander
4. Another UHV candle with an upside wick - a sign of profit taking

Remember that its FOMC day today......I wonder what some of the Big Dogs know that we dont.......
Thanks for the analysis Islander. Please post here more often.

That profit taking was after about a 150 pip move up from the low which is about the average movement ,I have noticed for cable, before some sort of pullback . I often look for clues around this mark from a swing low/high to see if profit taking is coming in especially if the move was as slow and labored as it was today.
Boxing clever since 76.
  • #2,699
  • Aug 12, 2009 2:11pm Aug 12, 2009 2:11pm
Quoting copi88
Thanks for the analysis Islander. Please post here more often.

That profit taking was after about a 150 pip move up from the low which is about the average movement ,I have noticed for cable, before some sort of pullback . I often look for clues around this mark from a swing low/high to see if profit taking is coming in especially if the move was as slow and labored as it was today.
They can also take the opp. to buy more--
forget the fomc reports--they dare not torch int.rates
am more concern with them getting pass that zone--
50% retracement, no demand--i will tip my hat
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Click to Enlarge Name: gbpjpyplay.gif Size: 57 KB
  • #2,700
  • Edited 3:03pm Aug 12, 2009 2:16pm | Edited 3:03pm
Quoting Shamus
The one I am testing for the trainer is at 1.64868. That's close enough for me. LOL

It uses multiple (days) levels and there is another just below it at 1.6472 as well.
shamus --hope your trainer is just as hot
--did fantastic last week--
she's making something for me tonight
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