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Trading VSA the way NSK does

  • #321
  • Apr 22, 2011 12:08am Apr 22, 2011 12:08am
Quoting brax64
Hi Courtney,
great job, I like your approach, measured and well balanced.
May I ask you which period of the MM lines are you using?

Karthik, may you suggest some interesting reading about volume behavior?


Thank you all guys, this thread became every day precious source of information.

Regards
Hi Brax

I use a 96 period MM line. I worked that as there are 96 x 15 min sessions in a day. Thats my logic anyway.

Thanks for the nice comment. I am trying not to add stuff to the system and KISS.
  • #322
  • Apr 22, 2011 12:19am Apr 22, 2011 12:19am
Hello Courtney,

please forgive my dumbness.... but I don't understand one details; the MM indicator that I'm using do not have a "period" (I wanna mean a "number of bars" like the averages or oscillators for example...)
I can only select the time frame of reference to calculate the octaves; so to get your values I need to use the daily time frame in my MM indicator?
Do you mind to clarify this point for me?

really appreciated your availability!

Regards

Quoting courtneywild
Hi Brax

I use a 96 period MM line. I worked that as there are 96 x 15 min sessions in a day. Thats my logic anyway.

Thanks for the nice comment. I am trying not to add stuff to the system and KISS.
brax64
  • #323
  • Apr 22, 2011 12:45am Apr 22, 2011 12:45am
Quoting brax64
Hello Courtney,

please forgive my dumbness.... but I don't understand one details; the MM indicator that I'm using do not have a "period" (I wanna mean a "number of bars" like the averages or oscillators for example...)
I can only select the time frame of reference to calculate the octaves; so to get your values I need to use the daily time frame in my MM indicator?
Do you mind to clarify this point for me?

really appreciated your availability!

Regards
Hi Brax

I use the attached MM indi. It has a "period" setting under "inputs"

I also change the show minor lines to "false"
and show upper left text to "false" as I find these extra clutter on my screen distracting.

Also this indi needs resetting so I change to chart from 15 min to 30 min and back again quickly to update them. I don't know how else to do it but if you don't they won't update. Anyone out there have a view on this!

Having said all that, this is my understanding of the indi and I could be wrong!!!
Attached File(s)
File Type: mq4 #MurreyMath-TimeFrame rev no grey.mq4   18 KB | 334 downloads
  • #324
  • Apr 22, 2011 2:15am Apr 22, 2011 2:15am
Hi Courtney,

First of all I hope that Karthik will help all of us on this aspect and secondly, but not for importance, I hope that I'm not going out of topic...

I did some research about MM lines and, if I'm not wrong, these lines are calculated from the High/Low of the period (aka numbers of bars); it seems to me that, per the Gann theory/geometry, has to be 64.
Then we can calculate these levels referring to a specified time frame (from M1 to MN1).

Assuming that I'm right , you should use "64" for period and then select which time frame you want the lines calculated from.

Have a look at the picture attached, MM lines with period 64 referred to H1 time frame, they match perfectly the lines that you are using (at least in the picture that you posted...).

I'm also posting the MM indicator shown in the picture, that has more options, and it's not affected by the refreshing issue.

Regards

P.S.
Please forgive my "broken English", it's not my native language...


Quoting courtneywild
Hi Brax

I use the attached MM indi. It has a "period" setting under "inputs"

I also change the show minor lines to "false"
and show upper left text to "false" as I find these extra clutter on my screen distracting.

Also this indi needs resetting so I change to chart from 15 min to 30 min and back again quickly to update them. I don't know how else to do it but if you don't they won't update. Anyone out there have a view on this!

Having said all that, this is my understanding of the indi and I could be wrong!!!
Attached Image (click to enlarge)
Click to Enlarge Name: mm.jpg Size: 113 KB
Attached File(s)
File Type: mq4 MML_Multi_Option_v1.24.mq4   29 KB | 272 downloads
brax64
  • #325
  • Apr 22, 2011 3:07am Apr 22, 2011 3:07am
Quoting brax64
Hi Courtney,

First of all I hope that Karthik will help all of us on this aspect and secondly, but not for importance, I hope that I'm not going out of topic...

I did some research about MM lines and, if I'm not wrong, these lines are calculated from the High/Low of the period (aka numbers of bars); it seems to me that, per the Gann theory/geometry, has to be 64.
Then we can calculate these levels referring to a specified time frame (from M1 to MN1).

Assuming that I'm right ,...

Your English is good... mine is worse and I'm from UK! HA...

OK thanks for the indi its much better ... really thanks.

I have seeting as
P 64
MMperiod 60

I find MM very accurate.... spooky accurate on times.
  • #326
  • Apr 22, 2011 3:24am Apr 22, 2011 3:24am
Brax i think NSK is offline so I'll ask you...

Better Volume indis...

I have the BV indi as per this thread. BV 1.4
But
I have another BV indi BV 1.4 TRO. So i thought i would compare them on the same charts.

They show exactly the same resuluts apart from
the BV 1.4 shows a white volume bar and for the same period the TRO version shows it as RED.
I can't see why this is happening but from what I have read they are very different meanings.

Red = Volume climax UP and possible
start of UP trend
or
top
or
DOWN trend continue.

White = Volume climax down and possible
start of DOWN trend
or
bottom
or
UP trend continue

attached example
Attached Image (click to enlarge)
Click to Enlarge Name: BV 1.4 + 1.4 tro.jpg Size: 144 KB
  • #327
  • Apr 22, 2011 3:38am Apr 22, 2011 3:38am
Courtney,

I can't answer to this question without have a look at the code, please post the TRO indi.



Quoting courtneywild
Brax i think NSK is offline so I'll ask you...

Better Volume indis...

I have the BV indi as per this thread. BV 1.4
But
I have another BV indi BV 1.4 TRO. So i thought i would compare them on the same charts.

They show exactly th........
brax64
  • #328
  • Apr 22, 2011 3:57am Apr 22, 2011 3:57am
Quoting brax64
Courtney,

I can't answer to this question without have a look at the code, please post the TRO indi.

Please find TRO indi attached. Thank you.
Attached File(s)
File Type: mq4 BetterVolume 1.4_TRO.mq4   19 KB | 354 downloads
  • #329
  • Apr 22, 2011 5:58am Apr 22, 2011 5:58am
Quoting courtneywild
Brax i think NSK is offline so I'll ask you...

Better Volume indis...

I have the BV indi as per this thread. BV 1.4
But
I have another BV indi BV 1.4 TRO. So i thought i would compare them on the same charts.

They show exactly the same resuluts apart from
the BV 1.4 shows a white volume bar and for the same period the TRO version shows it as RED.
I can't see why this is happening but from what I have read they are very different meanings.

Red = Volume climax UP and possible
start of UP trend
or
top
or
DOWN trend continue.

White = Volume...
The TRO indi if you go into the settings has the same color scheme, red for climax high and white for climax low but for some reason it seems to print them all as climax high bars even when better volume 1.4 prints them as a white climax low bar. Personally I will not use the TRO one for this reason.

There are probably 10+ different versions of the BV indi.
Today's zone = Tomorrow's opportunity!
  • #330
  • Apr 22, 2011 6:05am Apr 22, 2011 6:05am
Quoting pres78
The TRO indi if you go into the settings has the same color scheme, red for climax high and white for climax low but for some reason it seems to print them all as climax high bars even when better volume 1.4 prints them as a white climax low bar. Personally I will not use the TRO one for this reason.

There are probably 10+ different versions of the BV indi.

Hey pres78 thats really kind thank you - I use the BV 1.4
  • #331
  • Apr 22, 2011 6:28am Apr 22, 2011 6:28am
guys.....working hard on a holiday!!! very very bad....take a break guys...:-))..
Attached Image (click to enlarge)
Click to Enlarge Name: 76260878280836389107.jpg Size: 89 KB
  • #332
  • Apr 22, 2011 6:31am Apr 22, 2011 6:31am
Quoting brax64
Hello Courtney,

please forgive my dumbness.... but I don't understand one details; the MM indicator that I'm using do not have a "period" (I wanna mean a "number of bars" like the averages or oscillators for example...)
I can only select the time frame of reference to calculate the octaves; so to get your values I need to use the daily time frame in my MM indicator?
Do you mind to clarify this point for me?

really appreciated your availability!

Regards
brax, you are right....the MM lines are usually used to dive price into 64...but there is no rule that it should always be 64....it could vary according to the TF and the pair that is being traded...so if u feel that 96 works for u, then that fine as well...its just like the various parameters on various indicators....for eg...some feel comfortable with 200 MA and some with 100 MA...its like that...
  • #333
  • Apr 22, 2011 6:32am Apr 22, 2011 6:32am
Quoting brax64
Hi Courtney,

First of all I hope that Karthik will help all of us on this aspect and secondly, but not for importance, I hope that I'm not going out of topic...

I did some research about MM lines and, if I'm not wrong, these lines are calculated from the High/Low of the period (aka numbers of bars); it seems to me that, per the Gann theory/geometry, has to be 64.
Then we can calculate these levels referring to a specified time frame (from M1 to MN1).

Assuming that I'm right ,...
again it all depends on the TF and the pair...just try changing the parameters and see what works best !!
  • #334
  • Apr 22, 2011 6:34am Apr 22, 2011 6:34am
Quoting courtneywild
Brax i think NSK is offline so I'll ask you...

Better Volume indis...

I have the BV indi as per this thread....
the colors depend on the way it has been coded....in version 1.4, the only difference between the red and white bars is the close....if the close is on the high of the bar, its red, if its on the low, its white...simple...
  • #335
  • Apr 22, 2011 6:35am Apr 22, 2011 6:35am
some more relaxation...i relax by watching these....:-)..
Attached Image (click to enlarge)
Click to Enlarge Name: 14132323116029587765.jpg Size: 291 KB
  • #336
  • Apr 22, 2011 8:10am Apr 22, 2011 8:10am
Quoting ns_karthik
guys.....working hard on a holiday!!! very very bad....take a break guys...:-))..
Stunning ... truly.
  • #337
  • Apr 22, 2011 8:12am Apr 22, 2011 8:12am
Quoting courtneywild
Stunning ... truly.
wow.

Stunning

Now off for RnR as instucted...

Enjoy the break and thank you
  • #338
  • Apr 25, 2011 2:27am Apr 25, 2011 2:27am
hello guys....another slow london session in the offing....maybe we will see some action when the US markets open....till then, lets relax...:-)...
  • #339
  • Apr 25, 2011 2:38am Apr 25, 2011 2:38am
for this week, looking at long GJ over 136....short eurgbp at the current market price....long EJ closer to 119....

for now, am short eurgbp....this will last for days...this is not a day trade...
  • #340
  • Edited 3:09am Apr 25, 2011 2:38am | Edited 3:09am
Hi Karthik,

hope you enjoyed the weekend!

in my hard VSA learning journey, I did took this trade on GU short; volume is going down after a weird push up (effort to raise), price went up and now we got an upthrust; SL above the last high...make sense?


ooppsss typo.... short at 6526...

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: volumetrade.jpg Size: 108 KB
brax64
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