2009.06.07 VOLUME SPREAD ANALYSIS

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11418
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

2009.06.07 VOLUME SPREAD ANALYSIS

Postby TheRumpledOne » Sun Jun 07, 2009 4:42 pm

2009.06.07 VOLUME SPREAD ANALYSIS

Image

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.
Attachments
TRO_VSA.zip
(46.68 KiB) Downloaded 1786 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 add www.kreslik.com to your ad blocker white list.
Thank you for your support.

winny
rank: 50+ posts
rank: 50+ posts
Posts: 109
Joined: Mon Jun 02, 2008 10:34 pm
Reputation: 0
Gender: None specified

Postby winny » Sun Jun 07, 2009 10:22 pm

Very Nice, thank you.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11418
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sun Jun 07, 2009 11:33 pm

You're welcome.
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11418
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Jun 08, 2009 1:05 am

Image

Looking profitable.
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.

User avatar
Shinobi-X
rank: 50+ posts
rank: 50+ posts
Posts: 95
Joined: Mon May 18, 2009 2:38 am
Reputation: 0
Location: SOHO
Gender: Male

Postby Shinobi-X » Mon Jun 08, 2009 1:40 am

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?
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.

User avatar
Shinobi-X
rank: 50+ posts
rank: 50+ posts
Posts: 95
Joined: Mon May 18, 2009 2:38 am
Reputation: 0
Location: SOHO
Gender: Male

Re: 2009.06.07 VOLUME SPREAD ANALYSIS

Postby Shinobi-X » Mon Jun 08, 2009 1:49 am

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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11418
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Jun 08, 2009 1:54 am

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.
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.

User avatar
razorboy
rank: 500+ posts
rank: 500+ posts
Posts: 627
Joined: Tue Oct 21, 2008 2:06 am
Reputation: 0
Location: Toronto
Gender: None specified
Contact:

Postby razorboy » Mon Jun 08, 2009 5:19 pm

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


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/

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Postby PTG » Mon Jun 08, 2009 6:10 pm

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 8)

User avatar
Shinobi-X
rank: 50+ posts
rank: 50+ posts
Posts: 95
Joined: Mon May 18, 2009 2:38 am
Reputation: 0
Location: SOHO
Gender: Male

Postby Shinobi-X » Tue Jun 09, 2009 12:27 am

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 8)


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.


Return to “TheRumpledOne”