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Volume Spread Analysis
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joea View Drop Down
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Posts: 19 		Post Options Post Options   Quote joea Quote  Post ReplyReply Direct Link To This Post Topic: Volume Spread Analysis
    Posted: 22 Sep 2012 at 6:32pm
In follow up to my last post.

http://stockcharts.com/help/doku.php?id=chart_school:market_analysis:wyckoff2

The above link show an explanation for those that are interested.

joea
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joea View Drop Down
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Posts: 19 		Post Options Post Options   Quote joea Quote  Post ReplyReply Direct Link To This Post Posted: 22 Sep 2012 at 3:44pm
cmacdon

I compliment you on your ability to get your head around VSA, and your
coding ability.

In the case of this stock, you are correct in your comments.
If anyone has "Charting the stock market", they will see this explained on page
91.
It actually shows how the  climax and preliminary support takes place.
In the case of this stock there was no prompt rally, after the correction, as such.
By this I mean, there was no volume building. However in August the volume came in
and the stock made a significant rise.

joea
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jazza View Drop Down
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Posts: 33 		Post Options Post Options   Quote jazza Quote  Post ReplyReply Direct Link To This Post Posted: 19 Sep 2012 at 12:59pm
Hi Cmacdon,

Awesome. Thanks for sharing. Will give them a test drive soon.

Cheers Jazza
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Marco View Drop Down
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Posts: 6 		Post Options Post Options   Quote Marco Quote  Post ReplyReply Direct Link To This Post Posted: 19 Sep 2012 at 9:26am
That's some great work, Cmacdon. I've wanted to explore VSA in more depth for some time, and this will be very useful. 

Appreciate your hard work in getting this coded up.
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cmacdon View Drop Down
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Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 19 Sep 2012 at 9:12am
Jazza
 
One word of warning on scans of particular VSA indicators.  THe VSA approach is all about reading the charts in context.  You do not rely solely on any one indicator but look for them in the context of what other Signs of Weakness and Signs of strength have gone on in the background.
 
See the Chart below where a valid Bottom reversal on high volume is then followed by the Selling Climax on ULtrahigh Volume.  IF you traded solely on scanning a Bottom reversal indicator you would probably have lost some money when the Selling Climax hit. The Bottom reversal signal was followed by a 2 bar rally on light volume (lime green bars) before more supply or high volume entered (Dark Violet bars) the market which then led to the Climatic action red bars.  So it is all about understanding the context rather than picking a indicator for a winner.
 
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cmacdon View Drop Down
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Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 19 Sep 2012 at 8:37am
Obviously the post boxes doesn't accept two pictures posted together.  Here is the Vol scan example.
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cmacdon View Drop Down
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Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 19 Sep 2012 at 8:35am
Jazza
 
The scans are easy you then just use select Indicator signal. See two scan pictures below . If I have posted them in the right order,
 
The first is selecting a particular VSA signal from the main indicator - in t5his case Bottom reversal with Supply present.
 
 The second uses scan on the VSA coloured volume indicator to find stocks with ultrahighvol .
 
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jazza View Drop Down
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Posts: 33 		Post Options Post Options   Quote jazza Quote  Post ReplyReply Direct Link To This Post Posted: 19 Sep 2012 at 1:27am

Hi Cmacdon,

Wow, a wealth of information contained in your VSA posts.  Great info on Wyckoff and Williams and some serious coding there!

I have made a template from your formulas supplied. Great top and bottom reversal signals.

How easy/difficult would it be to construct a Bullscan of the reversal signals?

 
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cmacdon View Drop Down
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Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 17 Sep 2012 at 7:18pm
Here is a neat fusion. 
Puttimg the VSA coloure Heikin Ashi bars on first then opening the green up and red down HA solid couour  inidcator gives a chart where the Heikin Ashi trend bars are shown in the colour of the solid body of the HA bars, and the VSA relative Volume colours appear as the colour of the tails or the body outline; so, provides best of both worlds.
 
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cmacdon View Drop Down
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Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 17 Sep 2012 at 2:59pm
Sorry
 
That was SBM not BHP with coloure HA/VSA Volume bars
 
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