DislikedHi TAH,
Noticed that you are able to turn on/off the indicators like NVO and MACD which I think is very useful. Care to share how to do that?
ThanksIgnored
Attached File(s)
- #4,941
- Aug 14, 2009 1:15am Aug 14, 2009 1:15am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #4,942
- Aug 14, 2009 1:35am Aug 14, 2009 1:35am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #4,943
- Aug 14, 2009 3:41am Aug 14, 2009 3:41am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
It is accomplished by code added to the indicator.
Any way , we can customized it Sonic NOV and display in the indi??
Sonic
- #4,950
- Aug 14, 2009 6:45am Aug 14, 2009 6:45am
- Joined May 2009 | Status: step into liquid | 3,459 Posts
valid entry~ looking good
Good luck.
- #4,951
- Aug 14, 2009 6:47am Aug 14, 2009 6:47am
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #4,953
- Aug 14, 2009 6:57am Aug 14, 2009 6:57am
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #4,954
- Aug 14, 2009 7:17am Aug 14, 2009 7:17am
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #4,955
- Edited 7:33am Aug 14, 2009 7:23am | Edited 7:33am
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #4,957
- Aug 14, 2009 7:48am Aug 14, 2009 7:48am
- Joined Sep 2008 | Status: Trader | 2,298 Posts
Starting to see instead of just looking.
- #4,958
- Aug 14, 2009 8:22am Aug 14, 2009 8:22am
- Joined Sep 2008 | Status: Trader | 2,298 Posts
it's Friday so I decided to take a break and read up on volume.
And I call it a break. LoL
I found a very interesting article about the big boys and the manner in which they drive the "Herd" into holding bad positions that are about make a major direction change.
I am interested in hearing senior members opinion on this.
Original article.
http://www.sfomag.com/homefeaturedet...ne&YearID=2006
Rediscover the Lost Art of Chart Reading: Using Volume Spread Analysis
by: Todd Krueger
There are more than two approaches to analyzing the market. Go beyond fundamentals and T/A.
VSA at Work
Let’s now look at a clear example of supply entering a market as the professional operators are selling into a rising market. Please see Figure 2 as we look at the U.S. dollar/Swiss franc spot forex market on a 30-minute price chart. This market was in the mark-up phase until the bar labeled 1; notice the massive volume spike as an ultra wide spread, up bar, appears with the price closing in the middle of the bar. This is a telltale sign of professional selling entering the market; a trader must look at this bar and realize that if all the activity shown on the volume histogram represented buying, we could not possibly have the price close on the middle of the bar. Because professional operators trade with very large size, they have to sell into up bars when the herd is buying; this is how they unload their large size onto the unsuspecting public. Many times, these types of bars are created from news reports that appear very bullish to retail traders and invite their participation on the long side of the market. When this occurs, it creates the opportunity for professional operators to systematically sell their holdings and short the market, without driving the price down against their own selling.
http://www.sfomag.com/images/charts/...hart2small.jpg
click image for larger view
A properly trained trader understands instantly that when the bar closes in the middle like this, with massive volume, it signifies a transfer of ownership from the professionals to what VSA refers to as “weak holders,” traders that will soon be on the wrong side of the trade. Think of the analogy used earlier in this article; this is the professional operators “selling at retail” (distribution) when earlier they established their positions by “buying at wholesale” (accumulation). On the bar labeled 2, again we have more selling from the professionals as they complete the transfer of ownership to weak hands. The trained trader can see this as the bar labeled 3 is now closing lower, confirming that there was a large block of selling on the previous bar.
Don’t Be Part of the Herd
Let’s review what just happened on the price chart here. The professional money has sold their holdings to the mass public called the “herd” or “weak holders.” The professionals sold short and the new buyers are locked into a poor position. How can price continue higher when the professional money won’t support higher prices and there are no other buyers left to buy? With no buyers left to support the price, the price falls as the chart continues on into the mark down process (see Figure 3). To explain why prices fall in any market, let’s refer to a previous statement: “For a true downtrend to occur, there must be a lack of substantial buying (demand) to support the price. The only traders that can provide this level of buying are the professional operators, but they have sold at higher price levels earlier on the chart, during the distribution phase of the market.”
http://www.sfomag.com/images/charts/...hart3small.jpg
click image for larger view
When the price falls far enough, the professional operator will now enter the market and buy (at wholesale levels) from the “weak holders,” who are forced to sell at a substantial loss, and the cycle will repeat itself over and over again. This is the way all markets work! Because professional operators specialize in many different markets and many different time frames, this same sequence of events unfold on price charts of all durations. We reviewed a 30-minute chart in this article, but it could just as easily have been a weekly chart. The market we looked at was forex, but volume spread analysis works just as well in stocks, futures and commodities. VSA is a market analysis methodology that alerts the trader to the two most important questions that they must know the answers to in order to trade successfully — why and when. Why markets move is based on the supply and demand from professional operators, and when they move can be expanded upon once the trader has a more thorough understanding of volume spread analysis.
And I call it a break. LoL
I found a very interesting article about the big boys and the manner in which they drive the "Herd" into holding bad positions that are about make a major direction change.
I am interested in hearing senior members opinion on this.
Original article.
http://www.sfomag.com/homefeaturedet...ne&YearID=2006
Rediscover the Lost Art of Chart Reading: Using Volume Spread Analysis
by: Todd Krueger
There are more than two approaches to analyzing the market. Go beyond fundamentals and T/A.
VSA at Work
Let’s now look at a clear example of supply entering a market as the professional operators are selling into a rising market. Please see Figure 2 as we look at the U.S. dollar/Swiss franc spot forex market on a 30-minute price chart. This market was in the mark-up phase until the bar labeled 1; notice the massive volume spike as an ultra wide spread, up bar, appears with the price closing in the middle of the bar. This is a telltale sign of professional selling entering the market; a trader must look at this bar and realize that if all the activity shown on the volume histogram represented buying, we could not possibly have the price close on the middle of the bar. Because professional operators trade with very large size, they have to sell into up bars when the herd is buying; this is how they unload their large size onto the unsuspecting public. Many times, these types of bars are created from news reports that appear very bullish to retail traders and invite their participation on the long side of the market. When this occurs, it creates the opportunity for professional operators to systematically sell their holdings and short the market, without driving the price down against their own selling.
http://www.sfomag.com/images/charts/...hart2small.jpg
click image for larger view
A properly trained trader understands instantly that when the bar closes in the middle like this, with massive volume, it signifies a transfer of ownership from the professionals to what VSA refers to as “weak holders,” traders that will soon be on the wrong side of the trade. Think of the analogy used earlier in this article; this is the professional operators “selling at retail” (distribution) when earlier they established their positions by “buying at wholesale” (accumulation). On the bar labeled 2, again we have more selling from the professionals as they complete the transfer of ownership to weak hands. The trained trader can see this as the bar labeled 3 is now closing lower, confirming that there was a large block of selling on the previous bar.
Don’t Be Part of the Herd
Let’s review what just happened on the price chart here. The professional money has sold their holdings to the mass public called the “herd” or “weak holders.” The professionals sold short and the new buyers are locked into a poor position. How can price continue higher when the professional money won’t support higher prices and there are no other buyers left to buy? With no buyers left to support the price, the price falls as the chart continues on into the mark down process (see Figure 3). To explain why prices fall in any market, let’s refer to a previous statement: “For a true downtrend to occur, there must be a lack of substantial buying (demand) to support the price. The only traders that can provide this level of buying are the professional operators, but they have sold at higher price levels earlier on the chart, during the distribution phase of the market.”
http://www.sfomag.com/images/charts/...hart3small.jpg
click image for larger view
When the price falls far enough, the professional operator will now enter the market and buy (at wholesale levels) from the “weak holders,” who are forced to sell at a substantial loss, and the cycle will repeat itself over and over again. This is the way all markets work! Because professional operators specialize in many different markets and many different time frames, this same sequence of events unfold on price charts of all durations. We reviewed a 30-minute chart in this article, but it could just as easily have been a weekly chart. The market we looked at was forex, but volume spread analysis works just as well in stocks, futures and commodities. VSA is a market analysis methodology that alerts the trader to the two most important questions that they must know the answers to in order to trade successfully — why and when. Why markets move is based on the supply and demand from professional operators, and when they move can be expanded upon once the trader has a more thorough understanding of volume spread analysis.
Starting to see instead of just looking.
- #4,960
- Aug 14, 2009 9:34am Aug 14, 2009 9:34am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Thx for the ever useful support.. TAH..
Any way , we can customized it Sonic NOV and display in the indi??
Sonic