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Trade Using VSA (Volume Spread Analysis)

  • #6,361
  • Apr 2, 2010 1:59am Apr 2, 2010 1:59am
Quoting mima
I am not sure that I understand this "no demand" bar as stated in this example...I might be wrong but....

The software isn't probably always right, you have to use discretion and sl's. that was bank intervention and you really can't guess right when it's going to take place just try and be prepared. There was a key statement that was made yesterday to the effect of we will not let any drastic appreciation happen. I mean very literal but it's hard to say when they are going to actually start buying the other currency in BIG lots i guess.
  • #6,362
  • Apr 2, 2010 2:05am Apr 2, 2010 2:05am
Quoting uraceulose
The software isn't probably always right, you have to use discretion and sl's. that was bank intervention and you really can't guess right when it's going to take place just try and be prepared. There was a key statement that was made yesterday to the effect of we will not let any drastic appreciation happen. I mean very literal but it's hard to say when they are going to actually start buying the other currency in BIG lots i guess.

I understand that...Software should recognize high volume and wide spread and not to clasify it as "no demand" unless there is another definition for "no demand".
The Market pays you to be disciplined
  • #6,363
  • Apr 2, 2010 2:13am Apr 2, 2010 2:13am
Quoting mima
I understand that...Software should recognize high volume and wide spread and not to clasify it as "no demand" unless there is another definition for "no demand".

Do you really need the software to see the demand on that bar? I don't think so. When that think hit, even the software goes wtf.
  • #6,364
  • Apr 2, 2010 2:22am Apr 2, 2010 2:22am
Quoting uraceulose
Do you really need the software to see the demand on that bar? I don't think so. When that think hit, even the software goes wtf.
no I dont need ....subject is software ...not us.
The Market pays you to be disciplined
  • #6,365
  • Apr 2, 2010 2:23am Apr 2, 2010 2:23am
Quoting mima
subject is software ...not us.
subject is VSA
  • #6,366
  • Apr 2, 2010 4:06am Apr 2, 2010 4:06am
Hi all and thanks for all the good info re: VSA. It was an eye opener for me as a newbie forex trader.

Can anyone tell me where I can get tick volume for my MT4 platform as I try and trade the forex.

Thanks for your help
Rob
  • #6,367
  • Apr 2, 2010 6:46am Apr 2, 2010 6:46am
Quoting rtb
Hi all and thanks for all the good info re: VSA. It was an eye opener for me as a newbie forex trader.

Can anyone tell me where I can get tick volume for my MT4 platform as I try and trade the forex.

Thanks for your help
Rob
I use mt4 from www.dukascopy.com they have tick
  • #6,368
  • Edited 10:55am Apr 2, 2010 10:51am | Edited 10:55am
Quoting polomine
Market Profile regards this price level as important because most of the time, the price stays at this level. But do you think this price level is very significant?
Thanks for your posting this indy, I will take time to study.
Yep you right, I forgot about those times price just staying in 15pip range) but if you see historical charts you find that if price stays in some place and not in another one that was a reason for this, like price tried to penetrate some level but bounce off and stays still for a while, that fact making not fallen level more significant.
So we can still pay attention to price but anyway volume MP looks more important for me.
I did a lot of back testing this week and found volume levels extremely good for TP and SL set, if you take 2 week histogram and most recent day its clear that price just jumping around the 2 week spikes, making a day spikes, but every day can add some new level but it's still easy to watch them because it's always 3-5 levels for 2 weel range and they often coincide with even numbers making them very important even for next month.
malcolmb14 wrote about it in this thread earlier that he using MP with success but i decide to make my own research))
“buy the rumor, sell the news”
  • #6,369
  • Apr 2, 2010 10:52am Apr 2, 2010 10:52am
took a short here after a test.

am i entering this right?
Attached Image (click to enlarge)
Click to Enlarge Name: gj m5 entry.gif Size: 22 KB
  • #6,370
  • Edited 11:48am Apr 2, 2010 11:01am | Edited 11:48am
//+----------------------------------------------------------------------+
//| iPolo - Market Profile.mq4 |
//| original authors: Viatcheslav Suvorov, TwoBuckChuck |
//| last updated by: polomine (2010.04.02.23:55 GMT+8 |
//+----------------------------------------------------------------------+

bug fixed plus new parameters:
1. Daily_Start_Hour // default is the same as EU_Start_Hour 3:00, my mt server timezone is GMT-4
2. SerialNumberofEndSession // default is zero, that is to say, ie. show today profile, 1 for yesterday, 2 for the last two days ...
Attached File(s)
File Type: mq4 iPolo - Market Profile.mq4   10 KB | 771 downloads
  • #6,371
  • Apr 2, 2010 11:03am Apr 2, 2010 11:03am
Quoting hwsv07
took a short here after a test.

am i entering this right?
At least after this price will return to range before BANKFIGHT bar
because it's clear that up move is not supported by volume at all.
I'm short too but for small profit, because there can be more surprises since today is FRIDAY
“buy the rumor, sell the news”
  • #6,372
  • Apr 2, 2010 11:04am Apr 2, 2010 11:04am
Quoting polomine
//+----------------------------------------------------------------------+
//| iPolo - Market Profile.mq4 |
//| original authors: Viatcheslav Suvorov, TwoBuckChuck |
//| last updated by: polomine (2010.04.02.23:55 GMT+8 |
//+----------------------------------------------------------------------+
You did it??!!
“buy the rumor, sell the news”
  • #6,373
  • Apr 2, 2010 11:12am Apr 2, 2010 11:12am
Quoting ShowT
You did it??!!
Sure, please see the updated thread.
  • #6,374
  • Apr 2, 2010 11:14am Apr 2, 2010 11:14am
Ok Great!
I'll test it today and tell what I found later
“buy the rumor, sell the news”
  • #6,375
  • Apr 2, 2010 11:35am Apr 2, 2010 11:35am
It's a bit difficult for me to understand your back testing results. My native language is Chinese. Anyway, thanks.

Quoting ShowT
Yep you right, I forgot about those times price just staying in 15pip range) but if you see historical charts you find that if price stays in some place and not in another one that was a reason for this, like price tried to penetrate some level but bounce off and stays still for a while, that fact making not fallen level more significant.
So we can still pay attention to price but anyway volume MP looks more important for me.
I did a lot of back testing this week and found volume levels extremely good for TP and SL set, if you take 2 week histogram...
  • #6,376
  • Apr 2, 2010 12:23pm Apr 2, 2010 12:23pm
Quoting polomine
Ok its almost perfect
Just one thing that can be added is VWAP line like on mine indi.
This line is VERY important with VSA. You can live it same way as histogram: session by session or total for some period.

That indi gave me an idea of trend watch technique...but it's still raw thoughts) The main idea is if spikes and VWAP lines are higher time by or lower this is realy strong trend indicaror. But i'm not sure about TF yet should it be 1h, dayly or any other.
You can do the same with trend lines but this method gives you more clue about s/r areas and trend breakouts.
If any body considered this earlier please post!
“buy the rumor, sell the news”
  • #6,377
  • Apr 2, 2010 12:38pm Apr 2, 2010 12:38pm
Quoting polomine
//+----------------------------------------------------------------------+
//| iPolo - Market Profile.mq4 |
//| original authors: Viatcheslav Suvorov, TwoBuckChuck |
//| last updated by: polomine (2010.04.02.23:55 GMT+8 |
//+----------------------------------------------------------------------+

bug fixed plus new parameters:
1. Daily_Start_Hour // default is the same as EU_Start_Hour 3:00, my mt server timezone is GMT-4
2. SerialNumberofEndSession // default is zero, that is to say, ie. show today profile, 1 for yesterday, 2 for the last two...
Hello Polomine

Login to traderslaboratory.com and go to:

http://www.traderslaboratory.com/for...html#post74344

there is MP indicator written by mario.andrea

Please look at it and see if there is something usefull for your indicator. I think this indi draws support and resistance ...
The Market pays you to be disciplined
  • #6,378
  • Apr 2, 2010 3:31pm Apr 2, 2010 3:31pm
unfortunately, I couldnt catch any clue of vsa in this week, and I only did scalp with stress.
I want to involve in marp-up/down-distributon, all phases

and, today's range is very low against nfp.

only today there is a bit if it can be called, distribution ? or retrace ?
really, is there any difference between ditr. & retracement ?

I have a question, lets assume we wil have all bullish two weeks more, like this week, nearly full of rises, than, can we call mark-up these 4 weeks?

i have to confess that i am more confused than ever, because i have seen several one hour bars closed on its high which is almost widespread bars in last minutes,even 10-15 seconds, from middle or its lows, and I thought that, SM was trying to mark up price and to get people involve in fake increase, however, during all week,days, it has rised without nearly no decrease.

now, i am going to study for 4 hour macd divergences, i hope to catch some reliable and consistent something, (i know, i wont, but i dont have no other idea)
  • #6,379
  • Apr 2, 2010 10:07pm Apr 2, 2010 10:07pm
Quoting bruceli
unfortunately, I couldnt catch any clue of vsa in this week, and I only did scalp with stress.
I want to involve in marp-up/down-distributon, all phases

and, today's range is very low against nfp.

only today there is a bit if it can be called, distribution ? or retrace ?
really, is there any difference between ditr. & retracement ?

I have a question, lets assume we wil have all bullish two weeks more, like this week, nearly full of rises, than, can we call mark-up these 4 weeks?

i have to confess that i am more confused than ever,...
Bruceli,

Don't feel that you need to know what is going on in the market at all times. This will drive you crazy and lead to overthinking the market. It is OK to have no clue what the market is doing at times. When I accepted this, I started passing on trading during times when the market was undecided, choppy or sideways, or the ugly chart times. I see a lot of ppl here in this forum trying to decide at all times if the market is accumulation, distribution, mark up, mark down and so on. I really think all this conjecture can lead to frustration. I found that most of the time when I stare and analyze a chart to death, there is nothing there to analyze in the first place....so move on to another chart that makes more sense. The concept for VSA is pretty simple, and we have a tendancy to make things a lot harder than they are.

What helped me was to simplify my thinking and not get tied up with trying to "know" what the market is doing or trying to do. IMHO the primary objective with VSA is to see when the Smart Money that moves the market is active or inactive. Most of my trades will come from some after seeing some climatic high volume or smart money telling me that market is strong or weak. Then I look for a low risk confirmation entry which is a test or no supply/demand. Look at the market in terms of strength and weakness, and let the charts tip you off.

You mentioned hourly charts. I have futures volume and at least for me, it is very difficult to properly analyze volume effectively on an hourly chart since the same hours of the day are naturally higher in volume, not sure about your feed. But looking at a 30 min, 15 min or 10 min gives me much better granularity or snapshot of when smart money is active. Dr. G mentioned this I believe in one of his posts as well.

I use hourly charts to mark all Support and Resistance levels, price pivot areas (support becomes resistance or resistance becomes support) and to set-up and plan my day.
  • #6,380
  • Apr 2, 2010 10:53pm Apr 2, 2010 10:53pm
Yes, that indy is an impressive one. Unfortunately, the source codes of the most important part (mpxlib.ex4) are not available. And I have no idea what those lines and their background logic are.

Quoting mima
Hello Polomine

Login to traderslaboratory.com and go to:

http://www.traderslaboratory.com/for...html#post74344

there is MP indicator written by mario.andrea

Please look at it and see if there is something usefull for your indicator. I think this indi draws support and resistance ...
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