[vsa] New Volume Indicator

[hariusa72 10]

I found a new volume indicator at http://www.tradershelpdesk.com It is really interesting. Surprisingly, I found that the color of the volume bar (buyers versus sellers) wasn’t important – it is really about the height of the volume bars, which is also what Tom Williams says in his book, Master the Markets (you can download the indicator and book free from their website). I hope this will help other volume traders.

[VSAtrader 10]

HI VSA,

 

I think that Indicator is available only for Trade Station, Unfortunately I use Ninja

 

:doh:

[hariusa72 10]

I'm sorry, I forgot to mention that. I use TS.

[daedalus 10]

seems very similar to the Emini Day Trading | Emini Trading System volume indicator - (also free).

[VSAtrader 10]

Does the Easy Language script for this indicator is available?

[hariusa72 10]

I'm not sure the easy language is available. But I noticed that it can catch the buying climax, selling climax, low volume tests etc based on Tom's book. If you know buying climax, selling climax, tests etc,it might be helpful, otherwise it is just few colors. I like the low volume tests in that indicator, it is helpful me to catch the low risk entries. Good trading!

[VSAtrader 10]

Is it based on Market Profile something? Can you post a screenshot, I like to get a good volume indicator for Ninja -- Thanks guys!

[hariusa72 10]

Hi, It is not based on market profile. It is just Volume analysing on that particular price bar only, I use the tests for a low risk entry. That is all I'm looking. Check the snapshot attached.

[zaphod31 10]

Hi Hari,

Your chart looks good

What were the back test results?

[duhhhh 10]

this is advertise. if you google you can find exactly same sentence in many other forums.

[Stock.Jock 10]

If you're looking for some free indicators codes, you might like to take look at the collection on this website - click here

[Tams 20]

If you're looking for some free indicators codes, you might like to take look at the collection on this website - click here

 

most of their EasyLanguage codes are copied from this site.