2009.06.07 VOLUME SPREAD ANALYSIS
Posted: Sun Jun 07, 2009 4:42 pm
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.
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.