ABC's of VSA

[DrTong]

Greetings all

 

I was wondering if anyone has the abc's of vsa tutorials by lauren snedecker as well as theory of VSA that used to be on the tradeguider youtube channel. i only watched them half way before they were taken down. Absolutely bleeding i didn't record them.

 

cheers

[whitebty]

vsa is very good for futures not fx

[luins38]

Can also work for fx but using tick volume instead of actual volume. There is high correlation between tick volume and actual volume especially at higher time frame based on paper research carried out by others.

 

Only problem is the tick volume data is confined to own broker data feed. Need data feed that combined many brokers like esignal or broker that provided similar data feed. Understand that IBFX is one of them based on information from other forum.

[Bill Bundle]

Only problem is the tick volume data is confined to own broker data feed.

 

If I'm not mistaken the tick volume is a calculated value based on the Open, High, Low & Close of a bar in relation to the Open, High, Low & Close of the preceeding bar and it looks like this:

 

DEF V1 = ((HIGH - CLOSE[1]) * ((CLOSE[1]) < CLOSE));
DEF V2 = ((CLOSE[1] - LOW) * ((CLOSE[1]) > CLOSE)) ;
DEF V11 = ((HIGH - CLOSE[1]) * ((OPEN) < CLOSE));
DEF V12 = ((CLOSE[1] - LOW) * ((OPEN) > CLOSE)) ;

plot Data = IF (V1 + V2) > 0 
THEN ((V1 + V2) )
ELSE IF(V11 + V12) > 0 
THEN ((V11 + V12))
ELSE IF ((HIGH - CLOSE[1]) > (CLOSE[1] - LOW))
THEN ((HIGH - CLOSE[1]) )
ELSE ((CLOSE[1] - LOW) );

Plot this indicator as a histogram to get it to look like a volume.

An alternate tick volume indicator (TVI) uses the upticks and downticks to make the Tick Volume Indicator that was invented by William Blau and has been published in his book "Momentum, Direction and Divergence" (1995, page 43).

http://codebase.mql4.com/7980.

Edited May 31, 2012 by Bill Bundle

[luins38]

Hi friends,

 

Here is one link on article on tick volume for your understanding.

Change all the 0 to o before activating the link.

 

Regards

John Lui

 

http://www.purplepatchf0rex.c0.uk/FxTraderV0lumeArticle.pdf

[Bill Bundle]

Here is one link on article on tick volume for your understanding.

 

Regards

John Lui

 

Good article, John. Apparently, there are other names and formulas for this "simulated" volume. Stock markets are the only real sources of real volume, because of regulatory requirements. There's still some stock trading volumes that are not officially recorded and not given to the public. Thanks for the article.