[VSA] Volume Spread Analysis

[Tasuki]

	Quote:	RAVIN
	Agreed, infact what Taz has presented actually illustrate 2 of the 6 major supply/demand principles explain in Vadym's book, and in this respect if he has gainfully blended and employed concepts from Market Delta in his realtime trading, .

Oh heavens, not another book I have to read!!?? RAVIN, please spill the beans---who the heck is "Vadym" and what's the name of his/her book? (and, what's it about?)

OK, exactly how have I (accidentally) incorporated Market Delta concepts in realtime trading? Yipes. I just heard about Market Delta yesterday. Looks really interesting, but expensive.

[BlowFish]

http://www.realitytrader.com/

His book techniques of tape reading is quite interesting but didn't directly effect my trading.

Cheers.

[RAVIN]

Soultrader,

Great trade on the Dow, and very sound reasoning, hope you managed to hold through the lunchtime congestion, should be up over 100pts by now

Tasuki,

I have already mentioned Vadym Graifer's book "Techniques of Tape Reading", here it is not about the traditional way of tape reading, it is more in line with Linda Rashcke's definition , you can get her articles from her website. Vadym has outlined 6 principles of supply/demand and created setups and tactics to trade, although the examples focus on intraday trading on stocks, the strategies work in all markets. Some may find it useful, others not, just like MA, RSI, CCI, some swear by it, some swear at it.

Regarding Market Delta what I was referring to was your take on bid/ask vol, I presumed it was market delta, if not, fine, then you can post your readings on bid/ask vol with VSA if that provides an extra edge in realtime trades, that way you have a chance to demonstrate the tool and confront any criticisms. By engaging in who is saying what about VSA or bid/ask vol or any other indicator is not going to be productive

[BlowFish]

Don't think anyone is saying bad stuff about measuring up and down volume like that, its fascinating stuff. A few people have asked that its discussed in that thread
http://www.traderslaboratory.com/for...uote=1&p=26728 as its a pretty massive subject in its own right. Personally I have no real axe to grind but that would keep everyone happy .

The VSA purists (of which to be honest I am not) are a funny bunch. They are quite zealous sometimes. (just joking guys).

[jjthetrader]

I know this should go in the indicator section but I'm sure more people in this forum may want to take a look at it.
Blu-Ray and I worked out a volume indicator that matches TradeGuider's Relative Volume Bands for Tradestation.
Enjoy.

[BlowFish]

Nice work!!

Based on standard deviations I would guess?

Cheers.

[jjthetrader]

Based on average and then deviation from that.

[BlowFish]

Ahh OK I see you used use a fixed scaler...I am pretty sure tradeguider uses standard deviations. In fact there is a particlar type of variance and standard deviation calculation I believe they use (the name escapes me right now). Still looks nice.

[MC]

	Quote:	jjthetrader
	I know this should go in the indicator section but I'm sure more people in this forum may want to take a look at it. Blu-Ray and I worked out a volume indicator that matches TradeGuider's Relative Volume Bands for Tradestation. Enjoy.

Incredible, but damnit you're making me a reason to give Tradestation my business still. I guess I may just have to throw them the 10 rounds a month to get the free platform and use a different broker for the rest of my executions.

[jjthetrader]

They produce the same results. I have TradeGuider and it matches perfectly.