Hi Mark,
You will probably never get this reply, since your post is from
2005, but I want to continue this thread -- and repeat you original
post.
These seem to be the general technical rules for VSA, although there
are likely many more that I have not read about yet --
-- up bars with excessive volume = weakness
-- down bars with excessive volume = strength
-- up bar with low volume means mark-down can begin (time to short)
-- down bar with low volume means mark-up can begin (go long)
-- down bars, narrow spread (diff between H & L), low vol = bullish
-- up bars, low vol, near resistance = bearish
-- wide spread, high vol, near trend line = expect trend line break
-- small spread, small vol, near trend line = expect trend line
bounce
Here is a basic look at VSA, in Amibroker --
_SECTION_BEGIN("VSA price chart");
varSpread2 = MA(H-L,20);
Plot(varSpread2,"",colorBlue,styleThick| styleOwnScale);
varSpread = H-L;
Plot(varSpread,"",colorRed,styleThick| styleOwnScale);
//Plot(MA(C,3),"",colorBlue,styleDots | styleOwnScale);
//VarVol = MA(V,3);
//Plot(VarVol,"",colorBlack,styleThick | styleOwnScale);
Title = "VSA - red = spread, blue = MA20 of spread";
_SECTION_END();
If anyone has a VSA indicator, even in rough draft form, they would
like to post -- thank you in advance!
>From Todd Krueger, June 2006 issue of SFO magazine --
"Most traders are aware of the two widely known approaches used to
analyze a market, fundamental analysis and technical analysis.
There is, however, a third approach to analyzing a market. It
combines the best of both fundamental and technical analysis into a
singular approach that answers both questions of "why" and "when"
simultaneously; this methodology is called volume spread analysis.
Volume spread analysis (VSA) seeks to establish the cause of price
movements. The "cause" is quite simply the imbalance between supply
and demand in the market, which is created by the activity of
professional operators (smart money). The activity of these
professional operators, and more important, their true intentions,
are clearly shown on a price chart if the trader knows how to read
them."
Brian
--- In amibroker@yahoogroups.com, "clousemc" <[EMAIL PROTECTED]> wrote:
>
> I wondering if anyone else out there would share a post or two
about
> the Wyckoff method and if it might be possible to create an
indicator
> (s) like the TradeGuider VSA indicator in AB?
>
> tx
> Mark
>
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