2009.06.07 VOLUME SPREAD ANALYSIS
VOLUME SPREAD ANALYSIS (VSA) is used successfully in the stock market. Read about VSA HERE. The article shows a forex example. There is a debate that VSA doesn't work for Forex because Forex is NOT a consolidated market and dealers would NOT give you accurate tick/volume data because you could then determine their volume flow. Finally, SMART MONEY is not trading with retail brokers.
A more in depth read on VSA can be found HERE
Others have coded indicators for VSA.
The original code for the RSX HERE.
The original code for CDRW HERE
The original code for BetterVol_CDRW_Alert HERE
Details on what the CDRW signals are can be found HERE.
I modified the originals to work with the MultiMeters.
FREE MT4 version of the TRO VSA MultiMeters including SOURCE CODE attached.
2009.06.07 VOLUME SPREAD ANALYSIS
Moderator: moderators
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15545
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
2009.06.07 VOLUME SPREAD ANALYSIS
- Attachments
-
- TRO_VSA.zip
- (46.68 KiB) Downloaded 2277 times
Last edited by TheRumpledOne on Sun Jun 07, 2009 11:36 pm, edited 2 times in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15545
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15545
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
- Shinobi-X
- rank: 50+ posts
- Posts: 95
- Joined: Mon May 18, 2009 2:38 am
- Reputation: 5
- Location: SOHO
- Gender:
TRO, you're the best.
I've been testing VSA too but this version of yours is profitable even from the first look
Btw, TRO, are you one of those who beta tested the MT4 from MBT?
I was watching the hourly chart in MBT's MT4 several weeks back and found crazy spikes, how did that affect your account in MBT?
I've been testing VSA too but this version of yours is profitable even from the first look
Btw, TRO, are you one of those who beta tested the MT4 from MBT?
I was watching the hourly chart in MBT's MT4 several weeks back and found crazy spikes, how did that affect your account in MBT?
The gap between reality and dream is called action.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- Shinobi-X
- rank: 50+ posts
- Posts: 95
- Joined: Mon May 18, 2009 2:38 am
- Reputation: 5
- Location: SOHO
- Gender:
Re: 2009.06.07 VOLUME SPREAD ANALYSIS
TheRumpledOne wrote:The article shows a forex example. There is a debate that VSA doesn't work for Forex because Forex is NOT a consolidated market and dealers would NOT give you accurate tick/volume data because you could then determine their volume flow. Finally, SMART MONEY is not trading with retail brokers.
true, volume is a huge problem in FX especially with retail brokers. the problem with moving from retail broker to ECN or CNX broker is they mostly don't have a versatile charting platform like MT4. there is one option though: NT6.5. but another obstacle with using NT6.5 is I can't take TRO's indicators with me. what a spot I'm in...
The gap between reality and dream is called action.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15545
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
It's BETA TEST! I only use MT4 for charting. I have MB Trading and Alpari.
MB Trading is aware of the spikes and I think they may have fixed the problem.
It didn't affect my account at all because I use the MBT Navigator.
MB Trading is aware of the spikes and I think they may have fixed the problem.
It didn't affect my account at all because I use the MBT Navigator.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- razorboy
- rank: 500+ posts
- Posts: 627
- Joined: Tue Oct 21, 2008 2:06 am
- Reputation: 0
- Location: Toronto
- Gender:
- Contact:
I think that you really have to extract "volume" data based on the candle formation - Open and Close Vs High and Low vs ATR of the candle
The question you need to ask yourself is when is a doji really a doji
The question you need to ask yourself is when is a doji really a doji
TheRumpledOne wrote:It's BETA TEST! I only use MT4 for charting. I have MB Trading and Alpari.
MB Trading is aware of the spikes and I think they may have fixed the problem.
It didn't affect my account at all because I use the MBT Navigator.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
Shinobi-X wrote:Btw, TRO, are you one of those who beta tested the MT4 from MBT?
I was watching the hourly chart in MBT's MT4 several weeks back and found crazy spikes, how did that affect your account in MBT?
These spikes usually appear around 5 PM EST on several pairs (check that please). According to MBT this is due to them working on (a) server(s) which they claim is part of the beta testing process. They assured me this will be gone once they go live. They gave me that reply a month and a half or so ago.
Meanwhile, trading with Navigator works for me. I use ATC MT4 data, which has a similar feed (and spreads) to MBT. No spikes though
- Shinobi-X
- rank: 50+ posts
- Posts: 95
- Joined: Mon May 18, 2009 2:38 am
- Reputation: 5
- Location: SOHO
- Gender:
razorboy wrote:I think that you really have to extract "volume" data based on the candle formation - Open and Close Vs High and Low vs ATR of the candle
The question you need to ask yourself is when is a doji really a doji
Exactly as you stated, razorboy. But it doesn't need to be a perfect doji, near doji (with emphasis put on the length of the upper and lower shadow) is enough because several bars later we can find out the importance/ the weight of that doji. I think the best available data feed to determine a candlestick should be the one from CNX IMHO.
Now, regarding volume... Is it safe to assume that MBT's volume data is quite reliable because they have DOM
PTG wrote:Meanwhile, trading with Navigator works for me. I use ATC MT4 data, which has a similar feed (and spreads) to MBT. No spikes though
Thanks for the useful info regarding spikes, PTG
I also followed MBT's MT4 and found out that the rate is also identical with alpari uk's tick (not very precise but close enough).
Great trading to all.
The gap between reality and dream is called action.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.