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NinjaTrader
VSA Indicator - Beta
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Originally posted by PrTester View Post
There have been many requests for VPA 1.6. The truth is that there is no real version 1.6. The version number 1.6 you see in some of the charts posted here was an internal trial version. The attempt was to create a mechanical system out of VPA. However we did not really succeed and further attempts were put on the backburner. Any we are presented the next version VPA1.1. We have included facility to plot support and resistance lines which are play a good role in volume spread analysis. Also included is the strength meter scan. Hope the new version will be helpful. Here is a screen shot of VPA 1.1.
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I am not really surprised that they could not come up with an automated strategy. VPA on a single bar does not tell you anything. You have to look at the totality of the chart. Another way of saying this is that you have to look at the context in which a particular "signal" occurs on a bar.
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Originally posted by scjohn View PostI am not really surprised that they could not come up with an automated strategy. VPA on a single bar does not tell you anything. You have to look at the totality of the chart. Another way of saying this is that you have to look at the context in which a particular "signal" occurs on a bar.
The problem that I see in VSA is that many times it is ambiguous, not all the bars align with the scenario you are building so you need to learn from which bars to "ignore". When I read Tom Willimas book and walked through the examples there were many bars he ignored that could contradict the case he was building.
Another thing is the effort-result thing, you allways need to wait for confirmation, and wait, and eventually you miss the move.
Maybe you need a lot of experience and "market watching" hours in order to know how to "filter" the important bars that tell the story from the all the other noise...
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Originally posted by NinjaTrader_Josh View Postnmk85roll,
You can change it to display it wherever you want. It will not overwrite what was there already, it will just display them on top of each other unless you use the same string name then it will overwrite.
Thanks for the help!
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I'm only aware of this one, you can check the latest revision posted - http://www.ninjatrader-support2.com/...4&postcount=50BertrandNinjaTrader Customer Service
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VSA is very interesting concept.now the beta version we have for ninja does not do the job needs some refining.but the green and red diamond signals serve as a very good starting point.would be nice if some smart programer could improve it and make it similar to the one offered by trade guider.theirs is an excellent system but very expensive out of reach for most of us small accounts traders.hope somebody will take the task of improving it
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Just learn to read the market, TradeGuider is great for learning the signals, but you can certainly learn to recognize it alone.
Read Tom Williams book ("The Undeclared Secrets That Drive The Stock Market").
Join Todd Krueger video newsletters (http://traderscode.com/newsletters.html) and mail him so he will send you the first 3 videos he sent (it is a new service so you can catch up).
Watch tradeguider videos on YouTube.
Read Tom Williams book again.
Yuval.
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Vsa Beta
http://www.ninjatrader-support2.com/...2&d=1238391704here is the link still very basic needs m ore improvement to be of any use
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Agreed Yuvalw
I have to agree with Yuvalw. Although I have only read one very good synopsis explaining it and watched one Tradeguider video and one MTpredictor video (another overpriced VSA program like Tradeguider), you can get the hang of it and earn to "see" it when it occurs. It does look like it would be fun to have a program like MTpredictor to play with for a while but not for $3000 plus data feed plus class fees plus...
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