It is a little theory

Volume spread analysis indicator

The better volume indicator.

Dec 29,  · FREE & FULL VSA indicator set for mt4 Commercial Content. The VSA Text – indicator for MetaTrader 4 is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. The VSA Text – indicator for MetaTrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

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Jun 21,  · The indicator is base on

Share your opinion, can help everyone to understand the forex strategy. Vums Monday, 05 March Hi thank you for great job I really appreciate.

But can you give me the download link for the VSA rectangle S and D trend indicator thosebred and green rectangles. Tradeking Thursday, 23 April Hi all , please can anyone who has tried this system share some of its comments here. Is it profitable or not. Joy Can you please share a swing volume indicator , where we can set the reversal value say by 5, 10, 15 pips etc?. If it can show the swing lines and also the cumilative volume amount and the number of bars in the swing it would really be awesome.

I am sorry i am not a coder , hence the request. If you see weiswave indicator you will understand what i mean Thanks for sharing and really like the passion you have for these , wish you all the success. Sebastian Tuesday, 29 April Admin Friday, 25 April Submit by Forexstrategiesresources Volume is the major indicator for the professional trader.

The red bar in its meaning is the opposite of the previous one, as it is formed on the bullish candles with large volume. According to our observations, the listed patterns are formed on the currency pairs with the same frequency both in the beginning, and at the completion of the trend.

If the VSA indicator painted a green bar, it means that the market saw a large volume during the flat, in other words — the appropriate candle had low spread. This is one of the most complex patterns in every sense of the word, since, firstly, false signals are not uncommon on the history, and secondly, a similar phenomenon may be due not to the activities of major market operators, but due to the usual "news chaos". Bars of yellow color are characteristic of the candles with a small volume and low spread, they usually appear during the "night flat" a period of low trading activity , but if a similar pattern emerged during the operation of the major sites, it could signal the end of the trend even the crowd lost interest in the movement.

The final pattern that the VSA indicator identifies is presented as a purple bar on the volume histogram. The author argues that this signal appears on a series of candles with a large volume, but experience has shown that this phenomenon is so rare that it can be ignored. Before writing this article, we had plans to also review a signal VSA indicator with arrows on the patterns , but in the process of testing several algorithms it became apparent that they are useless, and instead of helping the novice they would ultimately confuse.

This is due to the fact that the provisions of the "analysis of volumes and spreads" are not a guide to action and are not backed up by strict rules; here much depends on the overall situation observed over the last few days or even weeks. In other words — it is first necessary to understand the context, and only then to look like a single pattern fits into the overall picture. As an example of such a situation, we can point at a monthly stir in the foreign exchange market before and after the publication of Non-Farm Employment Change statistics.

Of course, the patterns formed on such news are often false — moreover, even after a few days the market can give an "echo". Therefore, we recommend to soberly assess the possibilities of such tools. Another important thing that should have been mentioned in the beginning is associated with the type of volume. The matter is that the MetaTrader4 terminal uses tick data, i. Unfortunately, this fact somewhat distorts the result of the analysis, as the boundaries fade between small transactions and operations for the millions of dollars.

This problem can be solved very simply — with importing data on the real volume from the futures market. Forex About the site. The gray diamonds above the bars indicate the neutral situation, but green and red, in contrast, show the so-called divergence: All information is provided for reference and cannot be considered as a recommendation.

Website administration is not responsible for damages resulting from the use of the information provided.

Volume indicator analysis

Represents the colour histogram in an additional window.

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The white color is assigned to the bar when a bearish candle appears on large volumes.

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