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vsa with Malcolm

  • #361
  • Jun 21, 2010 11:46pm Jun 21, 2010 11:46pm
Malcolm, thank for share your expertise, please take a look a this comments:

I'm reading an article about ord-volume, the concept it is very similar to VSA, but I think that this concept could be used to determinate the main trend and their turns in high time frames (Weekly, Daily and 4h), once we find a important turn point then we could use VSA to find an accurate entry in lower times frames (climatic accion, UT, ND, Selling climax, test, NS, shekout) and may be could follow the trend in highs TF to improve the Risk Rewards.

The main concept of ord-volume is determinate a simple average volumen of each swing (sum of the volumen of each swing divided by its numbers of periods),

Having said this, I enclose a chart with a Zigzag indicador and I wondering if some one could make an indicator to calculate the average volume of each swing and put that number at the end of the swing.

I am convinced that this tool could be very useful for all who like to operate by studying the behavior of volume and price.

Can someone make this indicator for all of us?
Also find attach a pdf file with Ord-volume article.
Attached Image (click to enlarge)
Click to Enlarge Name: ord volume.gif Size: 35 KB
Attached File(s)
File Type: pdf ORD VOLUME.pdf   616 KB | 2,070 downloads
  • #362
  • Jun 21, 2010 11:47pm Jun 21, 2010 11:47pm
Quoting popo
thank you for all master helps now i woder i can use only on latop for trading i need to set up 6monitors, that can help me to clear the price action trade muliti tfs not only 15 mins charts

I have 6 screen in traidng office ,1x 27 " at office. and I like the one x 27 " the best,

so for a lap top just get yourself a nice big 27 " screen.

as for time frames ... 1 hr chart is just the click of a mouse once per hr , 30 once per 30 min etc lol
Blogging daily now at www.volume.zone
  • #363
  • Jun 22, 2010 12:42am Jun 22, 2010 12:42am
Quoting 3mmm
...
I'm reading an article about ord-volume, the concept it is very similar to VSA, but I think that this concept could be used to determinate the main trend and their turns in high time frames....
Hello 3mmm,
trend can be determined by simply looking at price movement &/or using indicators like MAs (Hull MA, 200SMA/200EMA, etc)
  • #364
  • Jun 22, 2010 12:44am Jun 22, 2010 12:44am
hey Malc, do you have ftse futures? what's it sayin atm if so?
  • #365
  • Jun 22, 2010 12:47am Jun 22, 2010 12:47am
Quoting uraceulose
hey Malc, do you have ftse futures? what's it sayin atm if so?

5210 and ftse index closed 5299

gap could try and fill
Blogging daily now at www.volume.zone
  • #366
  • Jun 22, 2010 12:48am Jun 22, 2010 12:48am
Quoting malcolmb14
5210 and ftse index closed 5299

gap could try and fill
thank you sir
  • #367
  • Jun 22, 2010 1:04am Jun 22, 2010 1:04am
Sterling is very weak and keeps dropping, EU is holding. Hopefully all followed Mal's advice ... i just hope 1.4720/00 doesn't hold
  • #368
  • Jun 22, 2010 1:08am Jun 22, 2010 1:08am
Quoting Honored
Sterling is very weak and keeps dropping, EU is holding. Hopefully all followed Mal's advice ... i just hope 1.4720/00 doesn't hold

the icing on the cake was the up move in asia that got hammered .

I am not sure how low this goes . I have potential buyers at 1.4705 area. then 4618 ( high vol pivots below us )

Other than that daily range is in the 4650 area , hence that being my target .

Also we have to be aware of Frankie fake outs ... move one way reverses at London open
Blogging daily now at www.volume.zone
  • #369
  • Jun 22, 2010 1:47am Jun 22, 2010 1:47am
30 min potential stopping vol / shake out ....

watching for any further strength , like a low vol test of 4720 for long , other than that due to hulls on 15 and 30 down looking for sells

1.4720 4 hour support

Attached Image (click to enlarge)
Click to Enlarge Name: chart2408.png Size: 166 KB
Blogging daily now at www.volume.zone
  • #370
  • Jun 22, 2010 2:33am Jun 22, 2010 2:33am
Is there selling on GU 5min on that wide up bar with very high volume or is it a healthy volume?


Regards
  • #371
  • Jun 22, 2010 2:38am Jun 22, 2010 2:38am
I've posed the question to the developers' area a couple of times now with no takers. I've tried myself with no success...the closest i've seen is the attached indi, not mine, hope it's ok to post it.

Ord-volume is the total added volume of the leg, from lowest candle to high (or highest to low for a down leg), into an S/R level. if this volume <85% of that of the original leg that first hit the S/R level, then expect a bounce, not a break.

i find it works very well, especially when the volume of the swing is obviously light, there has always been a bounce, in my testing.

see my previous chart of earlier today usd/cad

cheers
mark


Quoting 3mmm
Malcolm, thank for share your expertise, please take a look a this comments:

I'm reading an article about ord-volume, the concept it is very similar to VSA, but I think that this concept could be used to determinate the main trend and their turns in high time frames (Weekly, Daily and 4h), once we find a important turn point then we could use VSA to find an accurate entry in lower times frames (climatic accion, UT, ND, Selling climax, test, NS, shekout) and may be could follow the trend in highs TF to improve the Risk Rewards.

The main concept...
Attached File(s)
File Type: mq4 VelocityWaves.mq4   4 KB | 747 downloads
  • #372
  • Jun 22, 2010 2:48am Jun 22, 2010 2:48am
actually my previous chart doesn't really show the Ord volume concept. i tried looking for an example in my charts but i don't see one. i'll post one another time.

but like i said, i think the Ord-vol technique works best when the current leg's volume is OBVIOUSLY less than the previous leg going into that S/R. if it's any kind of a close call, i don't bother actually trying to add up the volume or anything..

i recommend checking it out when analyzing price channels.
  • #373
  • Jun 22, 2010 2:58am Jun 22, 2010 2:58am
just to compare data feeds, malcolm is on Esignal, right? and this is from ATC (new york server time). Avail Trading Corp is a US front end for FXCM-UK. some kind of massive aggregated 10-bank ECN feed, they tell me.


Quoting malcolmb14
30 min potential stopping vol / shake out ....

watching for any further strength , like a low vol test of 4720 for long , other than that due to hulls on 15 and 30 down looking for sells

1.4720 4 hour support

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: gu062210.PNG Size: 29 KB
  • #374
  • Jun 22, 2010 3:30am Jun 22, 2010 3:30am
good example... current GU channel

does it help to compare volume of the 3 legs (roughly, by eye) ? if so, leg 2 was obviously going to bounce, and the current leg 3 looks like it has a little better chance of breaking thru but probably wouldn't according to Ord-volume. we shall see.

anyway the concept deserves some heavy forex backtesting.
Attached Image (click to enlarge)
Click to Enlarge Name: gu062210-02.gif Size: 67 KB
  • #375
  • Jun 22, 2010 3:51am Jun 22, 2010 3:51am
Quoting djarum11
good example... current GU channel

does it help to compare volume of the 3 legs (roughly, by eye) ? if so, leg 2 was obviously going to bounce, and the current leg 3 looks like it has a little better chance of breaking thru but probably wouldn't according to Ord-volume. we shall see.

anyway the concept deserves some heavy forex backtesting.
I have read this book also and Ord volume is certainly interesting however, comparing volumes as price reaches s+r levels is standard practice in vsa. Ord simply averages out the volume instead.....nothing new.
  • #376
  • Jun 22, 2010 7:01am Jun 22, 2010 7:01am
Hi djarum11:

Thank you for your comments, I will try the indi.
The think here is to have a visual aid to see and compare the amount of swing volume when arrive into S/R areas, in order to spot the reverse or continuation of the monve more acurately and confidence, it is no the intension to use it only to determine the trend.

Thank you very much!


[quote=djarum11;3819530]I've posed the question to the developers' area a couple of times now with no takers. I've tried myself with no success...the closest i've seen is the attached indi, not mine, hope it's ok to post it.
  • #377
  • Jun 22, 2010 7:36am Jun 22, 2010 7:36am
Please could we keep this thread clear for VSA chat , other ways of trading are of interest but this thread should not be cluttered.

Think about ord vol for a min and what it means ....

peaks with less volume than the prior peak , yet they also talk about peaks with higher volume than the prior peaks being bullish , well we know pros sell into strength... so how does on know if that volume is bullish or bearish ? really unless you consider the candle and the volume together ... aka vsa then it is tough to tell


Attached Image (click to enlarge)
Click to Enlarge Name: chart2409.png Size: 224 KB
Blogging daily now at www.volume.zone
  • #378
  • Jun 22, 2010 7:42am Jun 22, 2010 7:42am
Hey Malcolm,

Any ideas what all this weirdness on GU is? Looks to me like someone aggressively buying dips into 4700, but someone else is aggressively selling anything over 4740... until maybe now - might have just broken long - I'm staying out because I can't figure it - took long for 20 pips around 4720 then watched the move get slammed so I got out and stayed out.

(that huge volume from triple witching friday is making all the volume on the chart hard to read).

f451
Attached Image (click to enlarge)
Click to Enlarge Name: GU-1HR-22-06-2010.jpg Size: 180 KB
  • #379
  • Jun 22, 2010 7:44am Jun 22, 2010 7:44am
Quoting f451
Hey Malcolm,

Any ideas what all this weirdness on GU is? Looks to me like someone aggressively buying dips into 4700, but someone else is aggressively selling anything over 4740... until maybe now - might have just broken long - I'm staying out because I can't figure it - took long for 20 pips around 4720 then watched the move get slammed so I got out and stayed out.

(that huge volume from triple witching friday is making all the volume on the chart hard to read).

f451
Not sure what this is in VSA terms but the UK emergency budget is just being released and probably accounts for the weirdness!!

Regards,

Dan
  • #380
  • Jun 22, 2010 7:46am Jun 22, 2010 7:46am
Quoting malcolmb14

well we know pros sell into strength... so how does on know if that volume is bullish or bearish ? really unless you consider the candle and the volume together ... aka vsa then it is tough to tell

Attachment
Isn't this a force index promoted by Elder where you consider both volume and candle?
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