[VSA] Volume Spread Analysis

[jjthetrader]

	Quote:	volume
	Sebastian can you educate me please, i run VSA real time with an esignal feed, is metastock another feed?

Metastock is software that uses a few differend data feeds, the main one being Reuters.

[volume]

thanks JJ any ideas where i can find out more please?

[jjthetrader]

	Quote:	volume
	thanks JJ any ideas where i can find out more please?

//http://www.metastock.com

[mister ed]

	Quote:	monad
	Thanks mister ed for info. on POC etc I was referring to the post 1342 by Pivotprofiler who mentioned Mark Fisher's pivot method which reflects to a large degree the POC, VAH and VAL provided by the traditional MP i.e counting TPOs. It is a poor man's tool so to speak and I believe it is calculated from previous day's high, low, close,open values, although I am not 100% but checking into it. PivotProfiler has obviously mentioned that and see them plotted on his charts posted here, hence the question. Anyway appreciate your kind response

Ahhh...sorry Monad, my mistake.
Can I ask what instruments you are trading? If US index futures there is a website that provides the figures (VAH POS VAL) each day before the RTH open,

[monad]

	Quote:	PivotProfiler
	Just an updates shot with the POC on the 5 min. Again it was touched. In fact we are trading just below it as of this screen shot. Green lines are stop placements levels. I have no idea what the market will do, I let it take me where its going. Having said that, the Deviation Range Low (Value Area Low) is 1.4504. That would be the next price target based on the 80% rule trade.

Many thanks, PP, info on Market Profile greatly appreciated. From the study of the formulae, it looks like you have tweaked the traditional Pivot calc. (H+L+C)/3 , then taken the midpoint of the Range i.e (H-L)/2 , subtracted this value from the Pivot to obtain the differential and then added them on to the Pivot to get Deviation Range H/L , RR, and Extended Range H/L.

1. What does RR stand for
2. Interesting one of the values inevitably ends up as the midpoint range ie. (H-L)/2

As for the VSA question in respect of Wide Range Bars, I meant an upbar:

Under what circumstances would one regard a Wide Range Up Bar (close higher than previous close and higher than open on the same bar) either on low volume or on above average high vol as bullish????

[volume]

	Quote:	jjthetrader
	//http://www.metastock.com

thanking you jj

[JDNeeman]

Hello, Hope you all be ok, i just wanted to ask Sebastian if he can explain the different meanings of the bars a long with the volume for example: low bar closing on the lows with high volume will mean: streght or weakness no supply or no demmand??....

Thank you Sebastian...

[JDNeeman]

Here is an example....a graphic

[Seb Manby]

	Quote:	JDNeeman
	Hello, Hope you all be ok, i just wanted to ask Sebastian if he can explain the different meanings of the bars along with the volume for example: low bar closing on the lows with high volume will mean: strength or weakness no supply or no demand??.... Thank you Sebastian...

low bar closing on the lows with high volume will mean:
I assume you mean a down bar, if it is a down bar with a wide spread closing on the lows on high volume, then this is weakness unless the next bar is up, if it has a narrow spread and very low volume, then yes strength has appeared, but it should be in a rising market with a shakeout in the background, or some sort of strength.
Regards S



Regards

[Seb Manby]

Please forgive me everyone if I fail to reply to your questions quickly, I have so little time spare, I try to answer when I have time. If others can help out if they know the answer, then I would be grateful.

Regards S