Wanted to start a thread about coding some VSA indicators in hopes we might find some nice signals that might put our minds at east a bit.
In the webinar they stated that there are 1, 2 and 3 bar signals. We've got trend indicators and such...so no worries there. What I've been noticing is this.
When the spread of the bar is more than the average of the 2 prior, this is something to note. In addition, for climactic conditions we'd want to see the volume also being larger than the average of the previous 2 bars. This kind of information is a joy to have and see as its happening, so then we can concentrate on the close of the bar.
For narrow range stuff, I've been noticing that the "narrow range" can be thought of as less than the average of the previous 2 bars. Now, when we have a narrow range bar with little volume...thats almost always showing a good reversal. The same goes for one with excess volume.
If there was a signal to show when the range of a bar is less than the average of the 2 prior and the volume is either less or greater than the average of the 2 prior...does this show us anything?
It doesn't seem like too tough a thing to code, but since I'm a total tool with coding, I thought I'd leave it to the pros.
