[VSA] Volume Spread Analysis

[TinGull]

Beautiful stuff MPTrader Thank you for sharing!

[mp_trader]

	Quote:	TinGull
	Beautiful stuff MPTrader Thank you for sharing!

No problem. I don't know this VSA stuff at all. I just went by what it may be, thought it thru a bit, and tried a few paintbar like indicators over the weekend. I am looking forward to the presentation tomorrow, and perhaps Pivot can enlighten us with a few more cases that I can code up.

[TinGull]

I'm absolutely looking forward to the show tomorrow, too! Soon enough we'll all be pros. haha

[dupaski]

	Quote:	mp_trader
	This weekend I made a couple of indicators for Ensign to flag a couple VSA type long reversal bars, and today it paid off. The market lacked outside influence/paper, and it was the props vs. the retail guys all day.

MP,

If you wouldn't mind could you post the DYO or template for the indicators you have on your charts? I'm using ensign as well and would like to play around with this.

Thanks

-DT

[notouch]

mp trader, one of those pics is of MarketDelta - a very useful tool but nothing to do with VSA.

[Soultrader]

One simple observation that really changed my approach in analyzing volume was waiting for the next price and volume bar to confirm the previous bar.

In other words, if I planned to go long at a pivot on a sell bar... the chances of the long working out would increase alot more after I observe the second bar after it. I used to not pay attention to it as much and rely more on tape. But after watching for tests/tests of supply, I am able to view price action alot more clearer. Very powerful technique in my opinion.

[mp_trader]

	Quote:	notouch
	mp trader, one of those pics is of MarketDelta - a very useful tool but nothing to do with VSA.

I included it to show the ask and bid volume within that bar that caused the close to be as high as it was. It was interesting to me because it did not seem that large negative delta would have allowed a close as high as it did. It seems the sellers just disappeared. That is my interpretation anyway. I had hoped someone familiar with MD would have a comment about that. I freely admit I know nothing of VSA and hope to learn some of it tomorrow.

[mp_trader]

	Quote:	Soultrader
	One simple observation that really changed my approach in analyzing volume was waiting for the next price and volume bar to confirm the previous bar. In other words, if I planned to go long at a pivot on a sell bar... the chances of the long working out would increase alot more after I observe the second bar after it. I used to not pay attention to it as much and rely more on tape. But after watching for tests/tests of supply, I am able to view price action alot more clearer. Very powerful technique in my opinion.

This is one of the VSA patterns that I hope to learn. I have no idea how many patterns there are, but I suspect they are all variations on a few themes or concepts. My VSA knowledge is limited to the posts in this thread and the "Balance Area" thread.

Perhaps the study I did is not even VSA. I really don't know, but hope to soon :-)

[TinGull]

	Quote:	notouch
	mp trader, one of those pics is of MarketDelta - a very useful tool but nothing to do with VSA.

notouch, how does market delta have nothing to do with volume? nothing to do with analyzing the bars for selling pressure inside the bar? It has EVERYTHING to do with it, just presents it in a more graphical manner.

[notouch]

I meant nothing to do with VSA which is an analysis technique in its own right.