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Thread: VSA - Volume Spread Analysis

  1. #21
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    Has anyone here had any success or insite on how to use VSA with Harmonics or Supp/Dem zones ?

  2. #22
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    Volume analysis prepared by CockyAmoeba
    VSA - Volume Spread Analysis-eurusd-h4-emerging-gartley-pattern-2012-07-05_1808.jpg
    VSA - Volume Spread Analysis-eurusdh4.png

  3. #23
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    Sorry Guys but I cannot see VSA indicator window...

  4. #24
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    I've be using Better Volume and it helps in showing the strength of a move which is very useful when looking at the last few price bars of a harmonic pattern. It's one of the few good leading indicators to use as confirmation of other methods.

    Samtastico
    Ps
    Sorry if this doesn't make sense as I'm typing on my mobile.

  5. #25
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    Quote Originally Posted by CockyAmoeba View Post
    Greetings Kor4x

    As requested... http://www.marneycapital.com/Article...0Q2%202011.pdf

    And to answer the question - YES tick volume is a sufficient proxy for traded volume

    Can someone explain to me how to upload files..... i tried and it gave me a 407 exception....
    I would just confirm what Cocky is writing here about tick volume. Yes, tick volume is absolutely sufficient, but in my opinion it should be tick volume from a broker that do not filter the feed. Meaning where you get all the ticks that comes in.

    As an example for comparison; if you take a chart based on a currency futures contract with trade volume and then compare it to the same contract with volume based on ticks you will see that the relationship between the volume bars on contract volume and tick volume is very similar. Meaning you get virtually the same relationship patterns.

    So if you get a broker with unfiltered tick volume you have a pretty good proxy. As Caspar Marney mentioned; the EURUSD is in general around 93% compared to actual transaction volume, and the GBPUSD as much as 96% compared to actual transaction volume.

    Laurus

  6. #26
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    Quote Originally Posted by Laurus12 View Post
    I would just confirm what Cocky is writing here about tick volume. Yes, tick volume is absolutely sufficient, but in my opinion it should be tick volume from a broker that do not filter the feed. Meaning where you get all the ticks that comes in.

    As an example for comparison; if you take a chart based on a currency futures contract with trade volume and then compare it to the same contract with volume based on ticks you will see that the relationship between the volume bars on contract volume and tick volume is very similar. Meaning you get virtually the same relationship patterns.

    So if you get a broker with unfiltered tick volume you have a pretty good proxy. As Caspar Marney mentioned; the EURUSD is in general around 93% compared to actual transaction volume, and the GBPUSD as much as 96% compared to actual transaction volume.

    Laurus
    Hi Laurus, thank you for your pointers. Do you know a MT4 broker which such an unfiltered feed?

  7. #27
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    Wickedwin the best brokers for representative volume are the larger ones. FxPro is good but i think FTT that ties into dukascopy would have the best....

  8. #28
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    Quote Originally Posted by wickedwin View Post
    Hi Laurus, thank you for your pointers. Do you know a MT4 broker which such an unfiltered feed?
    You are welcome Wickedwin. I have compared quite many, but not FxPro or FTT as mentioned by CockyAmoeba. My comparison has always been based on GTIS composite feed (eSignal) and the CME Currency Futures volumes through IQFeed. From all the brokers I have compared to these two, I have come up with FXCM as the best alternative. FXCM does not filter their feed. I found that GTIS and FXCM was virtually similar in volume patterns throughout the day, so I did not see the value of having GTIS. Though GTIS has a higher tick count off course. Today I use FXCM via both IQFeed and the FXCM MetaTrader platform, the latter for MT4 indicators. Plus the CME Currency Futures to get a more nuanced view regarding both peeks and diminishing volume.

    When it comes to FXCM's native Trading Station II, I would say keep off. In my opinion they manipulate the tick volume every weekend so that every next week looks like a climatic week. The patterns are the same back in history. So they just downgrade the values. Another thing is that they fill in the price gaps. When it comes to the FXCM MetaTrader the only drawback, which is serious enough, is that they get quite many glitches in the data. So this is something they still have to improve. Otherwise it is good with just a couple of ticks in difference up or down in value compared to IQFeed's FXCM data. So IQFeed's FXCM data is the best. If still going for FXCM MT4, please send them an e-mail regarding the glitches. If they could fix that it would be an excellent feed for MT4 for free.

    Thank you CockyAmoeba for mentioning FxPro and FTT. I'll check them out.

    Laurus
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  9. #29
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    FXCM MT4 vs. FTT MT4 1min

    Here is a comparison of FXCM MT4 vs. FTT MT4 on a 1 minute chart with the EURUSD.

    As you can see FXCM has about 4 times more ticks than FTT at peaks. As you can also see the price data with FXCM is also somewhat more consistent.

    Just so it is clear regarding the price data and "glitches" mentioned in my previous post. To specify, I meant actual wholes in the data which happens from time to time. Otherwise as you can see in the picture, it is very good and the same as one see with IQFeed FXCM data.
    Attached Thumbnails Attached Thumbnails VSA - Volume Spread Analysis-fxcm-mt4-vs.-ftt-mt4_1min.jpg  
    Last edited by Laurus12; 10-23-2012 at 03:45 AM.
    kor4x, wickedwin and valuer like this.

  10. #30
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    FXCM vs. FTT vs. CME EURO Futures - 60 min

    Here is mainly three charts the Euro from FXCM, FTT, and CME for comparison. The Euro Futures is with total trade volume. As you can see the activity on the Euro Futures is noticeably lower during London/Europe session than with the Spot FX.

    As an example see how similar the volume bars are in pattern with FXCM and the Euro Futures on the 16th of October. Very similar with the other peaks too.

    I have also added 15 min charts with FXCM vs. FTT for comparison.

    My most important time frame is 60 min and from what I see I would personally choose FXCM. So if someone else is thinking the same, please send them an e-mail and notify them about the glitches that you will experience after some use. Then we could have some really good and reliable data on MT4.

    Hope this helps.

    Laurus
    Attached Thumbnails Attached Thumbnails VSA - Volume Spread Analysis-fxcm-mt4-vs.-ftt-mt4_60min.jpg   VSA - Volume Spread Analysis-cme-euro-currency-futures_60min.png   VSA - Volume Spread Analysis-fxcm-mt4-vs.-ftt-mt4_15min.jpg  
    Last edited by Laurus12; 10-23-2012 at 03:40 AM.
    kor4x and wickedwin like this.

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