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Trade Using VSA (Volume Spread Analysis)

  • #7,681
  • Jun 11, 2010 6:04am Jun 11, 2010 6:04am
Quoting Islander
No - the low was a high volume doji and that alerted me to a potential reversal. I then need to see a higher low which came 3 candles later - that was my buy signal for a small trade - small because price was under the still falling 30 ema AND the POC.........after FO, the pull back to the then rising 30 ema allowed a full sized entry....

aha, got it. Thanks
  • #7,682
  • Jun 11, 2010 11:06am Jun 11, 2010 11:06am
Quoting RaverStyleTim2
i was wondering if someone could mark up this chart on the ej upmove. think i'm thrown off by the bar with the arrow since the next bar was closing off highs with low vol.
I'd read the higher volume var as a load of buying coming in at 109.50, which pushed the price back to take out some stops, and then more buying came in at 109.50 again on the next bar, and I suppose the lower volume would be because there are fewer sellers in the market, so fewer stops to go through, and hence lower volume. Key things to note are we seem to have a wall of buying at 109.50, and the bar after the one with the arrow had a higher close.

After seeing 3 bars all with the same low, and seeing the higher close on each successive bar, I suppose you might enter with a small long with a stop just below the low of that formation.

Glad to hear you're doing well, RST, and yep, I've been away too.
  • #7,683
  • Jun 11, 2010 9:02pm Jun 11, 2010 9:02pm
Would you be able to code up a variation of your volume analyser than predicts the volume of the current bar? I've been think it would be helpful to have an idea (maybe a gray histogram behind the actual value?) that predicts what level the volume of the current bar would be when the bar closes.

Would be very helpful when waiting for confirmations.
  • #7,684
  • Jun 12, 2010 12:28am Jun 12, 2010 12:28am
Hello, could you explain how to predict the volume? by average of the same session during the past days, or by average of previous N bars?

polomine

Quoting f451
Would you be able to code up a variation of your volume analyser than predicts the volume of the current bar? I've been think it would be helpful to have an idea (maybe a gray histogram behind the actual value?) that predicts what level the volume of the current bar would be when the bar closes.

Would be very helpful when waiting for confirmations.
  • #7,685
  • Jun 12, 2010 12:40am Jun 12, 2010 12:40am
Quoting polomine
Hello, could you explain how to predict the volume? by average of the same session during the past days, or by average of previous N bars?

polomine
I thought the easiest way would be by the time elapsed in the bar -
for example, if looking at 15m bars, check the volume every minute since the start of the latest bar, and multiply the total volume so far by the ratio of minutes per bar (i.e 15), to the minutes elapsed so far

example
15m timeframe
1minute since start of bar, 100 units of volume so far = estimate of 100*15/1
2 minutes since start of bar, 200 units of volume so far = estimate of 200*15/2
5 minutes since start of bar, 600 units of volume so far = 600 * 15/5

etc
the estimate will get closer and closer to the actual as time gets closer and closer to the end of the bar
  • #7,686
  • Edited 1:21am Jun 12, 2010 1:10am | Edited 1:21am
Quoting f451
Would you be able to code up a variation of your volume analyser than predicts the volume of the current bar? I've been think it would be helpful to have an idea (maybe a gray histogram behind the actual value?) that predicts what level the volume of the current bar would be when the bar closes.

Would be very helpful when waiting for confirmations.
There's an indicator for esignal that does this and was also translate for Ninjatrader.

This is the link for Esignal version of Volume PRV http://forum.esignal.com/showthread.php?threadid=28821

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,687
  • Jun 12, 2010 5:05am Jun 12, 2010 5:05am
Quoting LuboLabo
There's an indicator for esignal that does this and was also translate for Ninjatrader.

This is the link for Esignal version of Volume PRV http://forum.esignal.com/showthread.php?threadid=28821

Lubo.
That's exactly what I'm after for MT4. I've had a crack at coding it myself but can't get the display in the indicator sub-window right.
  • #7,688
  • Jun 13, 2010 9:08am Jun 13, 2010 9:08am
As per someone's request, I'd like to post a tool to do this, since I cannot attache that via private message.

Quoting polomine
Hi all,

I have a idea which seems promising. we can develop a custom indi to collect volume data session by session, ie. europe session, and then design an algorithm and let indi tell us which bars belong to ultra-high volume bars, ...

Have a nice weekend, everybody.

-- polomine
Attached File(s)
File Type: mq4 #calc vol distribution#.mq4   3 KB | 1,376 downloads
  • #7,689
  • Jun 13, 2010 12:24pm Jun 13, 2010 12:24pm
Quoting f451
That's exactly what I'm after for MT4. I've had a crack at coding it myself but can't get the display in the indicator sub-window right.

why do you need PRV ? flip a coin it will be the same thing .... lol

once again I will say VSA IS NOT ONE CANDLE. and anyways we should always wait for current candle to end before we enter any sort of trade.

It seems a PRV is so that one can guess what is going to happen before the candle to end to enter the trade early. almost a nice easy way to lose money .
Blogging daily now at www.volume.zone
  • #7,690
  • Jun 13, 2010 12:53pm Jun 13, 2010 12:53pm
Quoting polomine
Hello, could you explain how to predict the volume? by average of the same session during the past days, or by average of previous N bars?

polomine
Double layer, feed forward neural network... but I'm only kidding.
Every time you use 'hopium' in a post, God kills a kitten.
  • #7,691
  • Jun 13, 2010 12:57pm Jun 13, 2010 12:57pm
Quoting malcolmb14
why do you need PRV ? flip a coin it will be the same thing .... lol

once again I will say VSA IS NOT ONE CANDLE. and anyways we should always wait for current candle to end before we enter any sort of trade.

It seems a PRV is so that one can guess what is going to happen before the candle to end to enter the trade early. almost a nice easy way to lose money .

You are always the usual annoying............

If one would like to do a thing why u have always break the balls?

Cheers.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,692
  • Jun 13, 2010 1:16pm Jun 13, 2010 1:16pm
Quoting LuboLabo
You are always the usual annoying............

If one would like to do a thing why u have always break the balls?

Cheers.

Lubo.
He's just trying to help the guy to not lose money..if you call that "breaking balls", then that's pretty annoying..

Hope all is well Malc
  • #7,693
  • Jun 13, 2010 1:21pm Jun 13, 2010 1:21pm
Quoting uraceulose
He's just trying to help the guy to not lose money..if you call that "breaking balls", then that's pretty annoying..

Hope all is well Malc
It's only my thought. Stop.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,694
  • Jun 13, 2010 1:27pm Jun 13, 2010 1:27pm
Quoting LuboLabo
It's only my thought. Stop.

Lubo.
Hey man,

Do you use the volume PRV? if so, how does it work?

Thanks
  • #7,695
  • Jun 13, 2010 2:18pm Jun 13, 2010 2:18pm
Quoting uraceulose
Hey man,

Do you use the volume PRV? if so, how does it work?

Thanks
how it works is it guesses the volume or where it might be before end of candle , then those that think they are using vsa make trade before candle is closed and before there is confirmation . Then they get stopped out on their early trade ... lol

Not really even sure why something like this was posted in a thread that is dedicated to vsa.
Blogging daily now at www.volume.zone
  • #7,696
  • Jun 13, 2010 2:19pm Jun 13, 2010 2:19pm
Quoting malcolmb14
how it works is it guesses the volume or where it might be before end of candle , then those that think they are using vsa make trade before candle is closed and before there is confirmation . Then they get stopped out on their early trade ... lol

Not really even sure why something like this was posted in a thread that is dedicated to vsa.
Thanks man
  • #7,697
  • Jun 13, 2010 2:56pm Jun 13, 2010 2:56pm
Quoting uraceulose
Hey man,

Do you use the volume PRV? if so, how does it work?

Thanks
No I don't use it. If u wan't to know how it works go to the link I posted.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,698
  • Jun 13, 2010 2:57pm Jun 13, 2010 2:57pm
Quoting malcolmb14
how it works is it guesses the volume or where it might be before end of candle , then those that think they are using vsa make trade before candle is closed and before there is confirmation . Then they get stopped out on their early trade ... lol

Not really even sure why something like this was posted in a thread that is dedicated to vsa.

Your view is very limited.

Lubo.

P.s. Do u use the crystal ball to know first what the others will do?
If I know how, I tell You!! Few but Good!!
  • #7,699
  • Jun 13, 2010 3:31pm Jun 13, 2010 3:31pm
I didnt trade on 8-9 June but found good entry chances with VSA method

There were 2 consecutive climatic actions right from the start of the New York market

1st is effort to move down = look for further strength

2nd is reverse up thrust = strength confirmed right after the 1st bar with huge amount of buying tick volume.

1st good entry chance was short with bull trap based on strength in US session

2nd one was short with high churn bar and frankie fake out.

Regards

URL OF A PIC http://imepita.jp/20100614/194450
  • #7,700
  • Jun 13, 2010 3:34pm Jun 13, 2010 3:34pm
Quoting profxtrader
Double layer, feed forward neural network... but I'm only kidding.
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