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vsa with Malcolm

  • #1,661
  • Jul 26, 2010 9:25am Jul 26, 2010 9:25am
Quoting f451
As promised I have coded up a VSA signals indicator. It marks candles with what I believe are generally correct VSA bar definitions. (others may disagree - I'm not a VSA expert). If you hover over the symbol, it will provide a text description of the bar.

I have provided the code in the spirit of open source, and with the hope that it will be refined by better VSA traders than I. (HG, Intel et al if you want to have a go at refining this, PM me).

While I retain copyright for this indicator, I will not be selling it, now or in the future. I am...
This is a fantastic effort mate thanks.

what is the significance of the smaller and larger dots or squares?
  • #1,662
  • Jul 26, 2010 9:33am Jul 26, 2010 9:33am
Quoting f451

cheers
f451
Thanks.))))
  • #1,663
  • Jul 26, 2010 10:43am Jul 26, 2010 10:43am
yes i have questions based on very simple definitons, such as bulls and bears.

at first glance, i suppose there two types of people... one of them profit from up days, and later ones profit from down days.. but, arent these people "same" like have two faces...dont they constantly manage the market as far as they are allowed to do so ?

and i dont still understand "distribution"... in my opinion distribution has to be finished before any fall.. cause, if sm buys at lowers, then they have to sell, and therefore, somebody has to buy ... and any decrease means somebody not buy , but sell which is opposite of what sm wants.. .. and near the tops, sm start acc for sellings... they further sell to peoples near the tops, and to get profit, sm have to buy , so somebody has to sell... so, prices should be artificially seems dropping which makes people sell...

or, near the tops, if sm dumps all of their buys, they can even acc at these new highs, and play the same game again to the new highs...

and, i still dont understand what does 300-400 pips down move in 1-2 hours, and generally people cannat execute any order during these times... yes, sm in any case profit, even at these times.. but, what is the explanation of this very hars down moves... why cant we involve in trades in these times... it is a kind of micro devulation actually...

and, lastly, i believe that, forex market is an ever perfect "cenrtalized" market thanks to the internet network, even it consists of people's homes... big boys donot leave their destiny to chance... and, if every person from china gives me a penny, then i could be the richest man in the world


where and what do i fall in misunderstanding...

okay, i gonna leave all of these silly thoughts..
  • #1,664
  • Jul 26, 2010 12:32pm Jul 26, 2010 12:32pm
Quoting Sonofsin5
And it looks like thats what we will get.

I am bullish on GU

this drop on 30 min had a shake out of sorts ...I think we just need to give it time as there is major resistance just overhead as Scrat pointed out yesterday

This has to be abosorbed before we break to the upside.

Attached Image (click to enlarge)
Click to Enlarge Name: chart01 au.jpg Size: 156 KB
Blogging daily now at www.volume.zone
  • #1,665
  • Jul 26, 2010 2:21pm Jul 26, 2010 2:21pm
Quoting f451
As promised I have coded up a VSA signals indicator...
cheers
f451

Hello F451

Thanks for indicator. Great trader and programmer who invented Better volume indicator that most of us use created several more indicators...Unfortunately they are coded for trade station. he use all the time one of his indicators called Better Pro Am ( professionals and amateurs) which shows colored bars where professionals ands amateurs are active. He also use Rambo...etc.

In better Volume we use high churn bars (green for professionals) and low volume bars ( yellow for amateurs)

if you are interested to look:
"What's the Difference between Better Pro Am & Better Volume":


http://emini-watch.com/products/volume-patterns/

Maybe you can make MT4 version for us...

Regards
The Market pays you to be disciplined
  • #1,666
  • Jul 26, 2010 4:09pm Jul 26, 2010 4:09pm
Quoting mima
Hello F451

Thanks for indicator. Great trader and programmer who invented Better volume indicator that most of us use created several more indicators...Unfortunately they are coded for trade station. he use all the time one of his indicators called Better Pro Am ( professionals and amateurs) which shows colored bars where professionals ands amateurs are active. He also use Rambo...etc.

In better Volume we use high churn bars (green for professionals) and low volume bars ( yellow for amateurs)...
use thses indicators on M15 i hope it will help u more its all about VSA regarding for the VOLUME SPREAD ANALYSIS v4.mq4 indicator
H/L means buyers & H/C means sellers & as malc mentioned befor on M15
take the trade 10 to 15 pips above the breaking candle for the 50 MA
i do pologise if there any mistake in typing
Attached File(s)
File Type: mq4 BetterVolume ChartBars part1 1.4.mq4   5 KB | 1,025 downloads
File Type: mq4 BetterVolume ChartBars part2 1.4.mq4   4 KB | 1,071 downloads
File Type: mq4 BetterVolume%201.4.mq4   5 KB | 1,077 downloads
File Type: mq4 VOLUME SPREAD ANALYSIS v4.mq4   38 KB | 1,542 downloads
  • #1,667
  • Edited 7:30pm Jul 26, 2010 5:10pm | Edited 7:30pm
Quoting Intel
This is a fantastic effort mate thanks.

what is the significance of the smaller and larger dots or squares?
In general I chose the size of the symbols to reflect the significance of the VSA signal. Effort to rise/fall -> small circle. Buying/Selling climax -> large circle.
So a bigger symbol means a more important bar.
Except for no demand / no supply. These confirmation bars are still small symbols (despite their importance). Just ran out of good symbols to use!

cheers
f451
  • #1,668
  • Jul 26, 2010 7:13pm Jul 26, 2010 7:13pm
Quoting f451
As promised I have coded up a VSA signals indicator. It marks candles with what I believe are generally correct VSA bar definitions. (others may disagree - I'm not a VSA expert). If you hover over the symbol, it will provide a text description of the bar.

I have provided the code in the spirit of open source, and with the hope that it will be refined by better VSA traders than I. (HG, Intel et al if you want to have a go at refining this, PM me).

While I retain copyright for this indicator, I will not be selling it, now or in the future. I am...
Thanks alot f451, I'm looking now at the code, and that's a nice piece of code you get there Thanks a lot for sharing this. I coded something like this before (although much simpler) but I never put the background concept into it, and it's nice to see you did it.
  • #1,669
  • Jul 26, 2010 7:27pm Jul 26, 2010 7:27pm
Quoting Jasus
Thanks alot f451, I'm looking now at the code, and that's a nice piece of code you get there Thanks a lot for sharing this. I coded something like this before (although much simpler) but I never put the background concept into it, and it's nice to see you did it.
Thank you.

The background meter is still fairly primitive, and doesn't reflect the principle of effort vs result properly, which is why sometimes you see valid signals displayed as grayed out.

At the moment it just takes the obvious examples of hidden buying or selling and resets the background appropriately. Failed tests, downbars on solid volume after effort to rise, or up bars after effort to fall, these kinds of subtleties are basically ignored. So are broader concepts of accumulation and distribution and support and resistance (buying or selling at specific levels) which all contribute to a skilled reading of background in volume spread analysis.

Which is why I am still advocating people learn VSA by learning the bar definitions, looking at charts and trying to think through what big boys are doing, then predicting which way price will move, and comparing their prediction with actual results until they get it.

cheers
f451
  • #1,670
  • Edited 11:32pm Jul 26, 2010 11:07pm | Edited 11:32pm
Quoting amasat
use thses indicators on M15 i hope it will help u more its all about VSA regarding for the VOLUME SPREAD ANALYSIS v4.mq4 indicator
H/L means buyers & H/C means sellers & as malc mentioned befor on M15
take the trade 10 to 15 pips above the breaking candle for the 50 MA
i do pologise if there any mistake in typing

Thank you. I have them long time ago....You can read my post again and watch video if you want.
The Market pays you to be disciplined
  • #1,671
  • Jul 27, 2010 12:14am Jul 27, 2010 12:14am
Quoting f451
As promised I have coded up a VSA signals indicator. It marks candles with what I believe are generally correct VSA bar definitions. (others may disagree - I'm not a VSA expert). If you hover over the symbol, it will provide a text description of the bar.

I have provided the code in the spirit of open source, and with the hope that it will be refined by better VSA traders than I. (HG, Intel et al if you want to have a go at refining this, PM me).

While I retain copyright for this indicator, I will not be selling it, now or in the future. I am...
FYI

After applying this to my charts, all my S/R lines dissappeared! So I put them back on again. When I moved to a different TF, they were gone again!
  • #1,672
  • Jul 27, 2010 2:47am Jul 27, 2010 2:47am
Quoting Intel
FYI

After applying this to my charts, all my S/R lines dissappeared! So I put them back on again. When I moved to a different TF, they were gone again!
Oppps. I know what the problem is. I shall code a fix for it and post up soon.

cheers
f451
  • #1,673
  • Jul 27, 2010 3:04am Jul 27, 2010 3:04am
Previous version had a bug which would delete objects from your chart on switch of timeframes et al. Now fixed.

Intel,

This one won't delete any other objects you've attached to your chart. (Unless you name them something starting with "[VSA]")

regards
f451
Attached File(s)
File Type: mq4 VSA Signals v1.01.mq4   24 KB | 1,373 downloads
  • #1,674
  • Jul 27, 2010 5:31am Jul 27, 2010 5:31am
Quoting f451
Previous version had a bug which would delete objects from your chart on switch of timeframes et al. Now fixed.

Intel,

This one won't delete any other objects you've attached to your chart. (Unless you name them something starting with "[VSA]")

regards
f451
Better, thanks
  • #1,675
  • Jul 27, 2010 5:46am Jul 27, 2010 5:46am
classic low vol test in this gu 15 min , with hulls green this is what we should be looking for if we missed the original entry

Attached Image (click to enlarge)
Click to Enlarge Name: chart2546.png Size: 208 KB
Blogging daily now at www.volume.zone
  • #1,676
  • Jul 27, 2010 6:25am Jul 27, 2010 6:25am
Possible short setup with the 'possible weakness' bar in the background.

However in this case, I would not enter until the break of the support area -3 pips because we may just be testing the support ready to continue the up move.

If we get a test next, then the trade should be long.


Oh I just noticed that I have lost the relevant support line. It should be at about 1.5530.
Attached Image (click to enlarge)
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  • #1,677
  • Jul 27, 2010 6:40am Jul 27, 2010 6:40am
There's the test right on queue. Just need an up bar to confirm it now. If we dont confirm, caution is required because the down move may take over.
Attached Image (click to enlarge)
Click to Enlarge Name: 49.PNG Size: 84 KB
  • #1,678
  • Jul 27, 2010 6:53am Jul 27, 2010 6:53am
Test failed with a down bar making a lower high and a lower low closing near the low on increased volume.

An up bar next might do as confirmation. Wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: 50.PNG Size: 83 KB
  • #1,679
  • Jul 27, 2010 7:07am Jul 27, 2010 7:07am
Quoting Intel
Test failed with a down bar making a lower high and a lower low closing near the low on increased volume.

An up bar next might do as confirmation. Wait and see.
Theres our up bar but, look at the volume.....less than prev 2 bars.

It's starting to look like the weakness is winning.
  • #1,680
  • Jul 27, 2010 7:08am Jul 27, 2010 7:08am
Sorry if no chart, but it's the current market of Gold. I notice a spike in volume for the past hour with a big bear candle. does that indicate weakness to bear signal?
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