Thread: Confirmation Techniques for the Butterfly pattern: VSA (Volume Spread Analysis)

This is how I have been using better volume to confirm entry on the butterfly pattern. I hope to get better examples in the future but this gives you a good idea.




You will see here as price approaches point D of the pattern that we have Red Volume Climax bars ( High Range and Volume ) is it then followed by a Yellow Low Volume Bar confirming that the market is running out of steam.

I use the break of TMG Bands, the low volume bar (Yellow) after the high climax bar (Red) along with the trix cycle indicator to confirm the move.

IMPORTANT!!!!!! - The Red high climax bars can also mean and uptrend continuation so please always wait for the yellow bar / or push down to confirm that the market it running out of steam along with your other confirmation methods

Samtastico.

Here are the MT4 indicators and instructions ....

BetterVolume 1.4 - With Email.mq4
BetterVolume ChartBars part1 1.4.mq4
BetterVolume ChartBars part2 1.4.mq4
Better_Volume_Indicator.pdf

Here is a Youtube Video for those who don't fancy reading.

hey Sam! I use a chart a little bit less "complicated", but your chart is interesting.. I was reading a manual about vsa, and.. yes, I thought to use it as harmonic confirmation method and.. bam, I read you here

if you have a couple of chart screenshot about your trades using vsa with harmonic, I will be happy to talk about it here



but above all, in your experience, does it repaint?