Learn to Trade using VSA (Volume Spread Analysis)

if you noticed in the quote, those are not "vsa" symbols, but vpa symbols, if you google vpa, you should find what you are looking for.

hth

Thank you. I was just wondering what each shape represents on the indicator.

try this out.....


# This is a conversion of the NinjaTrader VPA indicator. ToS does not support directional
# triangles and diamonds, so there are some differences. The triangles are left as is, just
# not pointing a specific direction. The diamonds have been replaced with circles.
# C_RP Original notes by cbritton are above. Changes made after 20100722 by Richard Paske are marked below by the C_RP comment tag. A few bugs were fixed. More significantly, the color scheme for symbols was changed radically in an attempt to map directional strength to hue based on the ROYGBIV color spectrum. In addition, a symbol's shape and its vertical position above or below a candle now imparts added meaning to it. In general, the strength of a symbol is assigned by its color and shape in that order. In certain circumstances a symbol's vertical offset from its candle's top or bottom strengthens the symbol's meaning. The symbol strength hierarchy is defined as follows:
# 1. Color: Symbols below candles are assigned strength from weakest to strongest in this order: white (or grey), cyan (blue/green), green. A red symbol under a candle indicates the failure of the symbol attached below the candle immediately preceding it.
# Symbols above candles are assigned strength from weakest to strongest in this order: yellow, orange, red. A green symbol above a candle indicates the failure of a symbol attached above the candle immediately preceding it. A magenta (pinkish purple) square above a candle is a special case indicating Distribution. Another special case for testing purposes as of 20100830 is a white triangle high above a candle indicating a Gravestone Doji.
# Symbols drawn on the middle of a candle are of two types with one variation. A green circle indicates Effort to Move Up on up bars. A magenta (pinkish purple) circle indicates Effort to Move Down on down bars except for red down bars on which magenta displays poorly. In order to be seen easily, yellow circles indicate Effort to Move Down on red down bars.
# 2. Shape: A symbol of a given color is assigned increasing strength according to this hierarchy (from low to high): circle, square, triangle, downward or upward arrow. In certain circumstances two symbols of the same shape and color will be stacked vertically, adding strength through the combined symbols. Occasionally, two different symbols will be stacked vertically because that candle satisfies the criteria for two indications.
# Listed below are the symbols and their meanings. The original symbol chart can be found at the end of this study.
# ___Symbols Below Candles___
# White Square - Test for Supply
# Cyan Circle - No Supply
# Cyan Triangle - Successful Test for Supply
# 2 Cyan Triangles - Successful Test for Supply 2
# Grey Square - Test for Supply in Uptrend
# Green Circle - Stopping Volume
# Cyan Square - Strength in Downtrend
# Green Square - Strength in Downtrend 1
# Green Triangle - Strength in Downtrend 2
# Green UpArrow - Strength Confirmation Bar
# 2 Green UpArrows - Strength Confirmation Bar with High Close
# Red Square - Failed Strength Signal
　
# ___Symbols in the Middle of Candles___
# Green Circle - Effort to Move Up
# Magenta Circle - Effort to Move Down
# Yellow Circle - Effort to Move Down on Red Down Candles
# ___Symbols Above Candles___
# White Triangle - Gravestone Doji (included as an experiment as of 20100830 to test its usability in the UpThrust category)
# Yellow Triangle - Weakness
# Orange Circle - No Demand
# Orange Square - PseudoUpThurst
# Orange Triangle - PseudoUpThurst Confirmation
# Red Square - UpThrust
# Red Triangle - Confirmed UpThrust Condition 1
# Red DownArrow - Confirmed UpThrust Condition 2 or 3
# Green Square - Failed UpThrust or PseudoUpThrust Confirmation
# Red Circle - Reversal Likely
# Magenta Square - Distribution
# Magenta Triangle - Two or Three Period UpThrust
#######################################################

Thank you ver much!! Extremely helpful!!

Dear friends, who share the MT4 HLC Bar indicator? Thank you!

Hi forexflash can you post another code for VOLUME SWINGS & SR LEVELS.mq4 not working. thanks in advance.

What do you think of this india for VSA
http://www.mql5.com/en/market/product/5406
http://www.mql5.com/en/market/product/5570

Yeah, I got a error when tried to compile too:

Anybody here has ex4 file? Please share it

"Yeah, I got a error when tried to compile too: 'long' - unexpected token ..."
The 2 variable names used in the VOLUME SWINGS & SR LEVELS.mq4 are clashing with the data type:
double long[];
double short[];
Just replace them with:
double longList[];
double shortList[];
Then replace all "long" for "longList" and "short" for "shortList".
See attached.

Part two of a series of articles on simple observation trading using Volume Spread Analysis: http://goo.gl/S6drIL

I'm back after a long hiatus trading stocks and options. Going to be moving overseas and easier to trade forex then manage my stock accounts and still following the VSA method

On the GBP/JPY pair 4 hour chart showed initial weakness in the background that was then test immediately two bars later, I'm looking for move back up to the high ovf the green bar in the background

One of the best reads for anyone looking to learn vsa is a book called Master the Markets it was written by Tom Williams a former syndicate trader in the US. This is the guide that actually dymystiefies how professionals move in all markets including crypto.

Notice a nice setup as they brought prices back into an old area of supply on the USDCHF Chart. When we talk about supply that is any area in the background of the chart that contains a wide spread either can be an up bar or a down bar. If you look at the background you can see professional selling as prices moved higher however a no demand came in and stopped the progress of prices and professionals no longer supported higher prices and price then fell much lower.

EURGBP from watching the daily chart you can see that the selling pressure has definitely decreased, now just waiting for confirmation to see if professionals are ready to move prices higher. Check the volume on those 3 down red bars and you notice the decrease in volume even though their selling bar, the volume still has decreased which is very important in our analysis.If we get a lack of selling pressure on any down bars then prices will want to rise.

This is a great analysis thank you

Look how prices responded after the no supply volume

Hello all
I'm going to put my analysis here because my membership is still new and I can not open a new topic
I will begin with the analysis of the monthly and weekly

EURUSD



Good luck everyone

GBPUSD

AUDUSD