[TinGull]

Just curious as to if anyone has had dealings with this site? A fellow board member brought it to my attention, and thought it looked interesting from a VSA standpoint. I think eSignal has a Hawkeye indicator system, as does tradestation.

Just an interesting site.

[hawk_7_7]

I've been using some of the hawkeye indicators for a couple of years. In my opinion, they provide an excellent product & great support if needed. They're quick to respond and very personable. A trading partner of mine attended one of Nigel's training seminars and found it profitable. My nic is hawk but no connection.

[bh_trade]

The offer a free Hawkeye volume indicator which colors volume bars based on their VSA criteria.

[momentom]

Nigel had some connection with Tom Williams back in the 80s. I think I met him in London at a VSA software demo. So I guess he knows VSA.

[Anonymous]

The essence of VSA is this:

Looking at Volume, which is activity, and the resulting effects this CHANGE in volume has on spreads and closing price (high, middle, low of bar).

Since volume is activity, tick volume can be used where actual volume is not available.

But take a look at his charts, the volume is constant as he is using tick charts. If there is no change in volume because it is held constant, it can not be VSA. The concept of Relative is essential. Today's period relative to the volume 1 bar prior or two bars prior.

Simply, It may have some value, but it is not VSA.

[jjthetrader]

Thanks for the heads up. I was contemplating it but I find TradeGuider much better although I would like to have TradeGuider and tradestation fused into one.

[BlowFish]

Originally Posted by momentom »

Nigel had some connection with Tom Williams back in the 80s. I think I met him in London at a VSA software demo. So I guess he knows VSA.

Indeed. I heard (not from Tom but from someone that is quite close) that they had some sort of falling out a way back.

The old Hawkes web site made a brief mention of Charles Drummond, I got the impression at some time he had been influential. Seems latterly he has thrown up Murray Math lines too.

He has put a rigorous methodology together based round a few simple indicators. I kinda chuckle at the indicators because I think I have a good idea of exactly what they all are and where they came from! Personally I think he should sell the methodology and give away the indicators.

I'd like to meet the guy sometime seems that we share some common influences.

[Minetoo]

Originally Posted by PivotProfiler »

The essence of VSA is this:

Looking at Volume, which is activity, and the resulting effects this CHANGE in volume has on spreads and closing price (high, middle, low of bar).

Since volume is activity, tick volume can be used where actual volume is not available.

But take a look at his charts, the volume is constant as he is using tick charts. If there is no change in volume because it is held constant, it can not be VSA. The concept of Relative is essential. Today's period relative to the volume 1 bar prior or two bars prior.

Simply, It may have some value, but it is not VSA.

PP, what charts are you referring to? I downloaded and ran his free volume indicator for tradestation and it performs as advertised. It even has his voice for audio alerts.