[VSA] New Volume Indicator

[hariusa72]

I found a new volume indicator at www.tradershelpdesk.com It is really interesting. Surprisingly, I found that the color of the volume bar (buyers versus sellers) wasn’t important – it is really about the height of the volume bars, which is also what Tom Williams says in his book, Master the Markets (you can download the indicator and book free from their website). I hope this will help other volume traders.

[VSAtrader]

HI VSA,

I think that Indicator is available only for Trade Station, Unfortunately I use Ninja

[hariusa72]

I'm sorry, I forgot to mention that. I use TS.

[daedalus]

seems very similar to the Emini Day Trading | Emini Trading System volume indicator - (also free).

[VSAtrader]

Does the Easy Language script for this indicator is available?

[hariusa72]

I'm not sure the easy language is available. But I noticed that it can catch the buying climax, selling climax, low volume tests etc based on Tom's book. If you know buying climax, selling climax, tests etc,it might be helpful, otherwise it is just few colors. I like the low volume tests in that indicator, it is helpful me to catch the low risk entries. Good trading!

[VSAtrader]

Is it based on Market Profile something? Can you post a screenshot, I like to get a good volume indicator for Ninja -- Thanks guys!

[hariusa72]

Hi, It is not based on market profile. It is just Volume analysing on that particular price bar only, I use the tests for a low risk entry. That is all I'm looking. Check the snapshot attached.

[zaphod31]

Hi Hari,
Your chart looks good
What were the back test results?

[duhhhh]

this is advertise. if you google you can find exactly same sentence in many other forums.