If that's the path you choose and it works for you then that's great. I have a background in open source software and Unix/Linux operating systems and prefer to understand how the underlying code works. The beauty of Open Source software is that you're able to do that. I carry that philosophy into my trading software as well. I want to see the underlying code and why it generates signals and modify that to suit my uses.
I didn't wish to hijack this thread with a debate over the benefits of Tradeguider versus other VSA software, each to their own. If people want something that works out of the box then Tradeguider will suit them. If they enjoy having the ability to modify software to suit different markets then Karthik's or TCoates VSA provides a great starting point to do this.
I want to see the underlying code and why it generates signals and modify that to suit my uses.
Thomasz has always said that anything - absolutely anything - can be coded into AB. I'm sure the Trader Guider signals can be replicated exactly in AB, if you've got the talent.
Captain, how about it?!
People have enough trouble grasping the real stuff let alone some interpretation.
No probs, I'm happy to get back to trading and leave others to discuss Tradeguider.
Captain.
Dont get me wrong I want you to keep in the discussion ---- Im not a disciple as such of Tradeguider
The discussion is VSA.----not Tradeguider or the others (specifically).
If you have specifics with relation to Price action --Volume and range
everyone including myself would be happy to hear and discuss them.
A great deal of information is available on VSA signals which are continuation and reversal both setups and actual signals.
But not a lot on reading a chart as you go bar by bar ---which as you know is very handy in trading with VSA.
All are Algorithms and again you'd know that not all signals will conform to the written algo but still be a valid signal---and as such (I think this is your point) worthy of discussion. I too have my own additions not found in tradeguider but definately reading of Volume and spread.
But in the case of WEC we need to know why its a signal---now the suggestion WYsy put up just doesnt conform and as such I wouldnt trade it.
Maybe we dont have to re invent the wheel just put Michelins on it.
Im sure your observations will be interesting---so please share.
I'm happy to come back and post if I spot something interesting.
Even better why not post a chart with something interesting on it even if its a DAX chart (Regardless of timeframe).
There is a perfect example today in the SPI of ONLY TAKE SIGNALS WITH THE TREND. Ive been short since just after 10am (4100) Watching carefully now 4042 trailing.
Still tanking! This is my one trade for the day Captain.
The low volume bar at 10:52 following the double top at 4100 would have been my entry.
The indication was the low volume, wide ranging down bar test. Followed by an up bar closing high on above average volume suggesting supply depleting and the bulls back in control. The trade was looking good alongside the Index rising this morning but soon as the Index (over 1% down now) was obviously tanking the supply came rushing in to exit.I found this action via an AFL code that the name 'Karthik' created. He suggests this is a sign of strength. Also the volume is above the 50 day MA.
The indication was the low volume, wide ranging down bar test. Followed by an up bar closing high on above average volume suggesting supply depleting and the bulls back in control. The trade was looking good alongside the Index rising this morning but soon as the Index (over 1% down now) was obviously tanking the supply came rushing in to exit.
The WEC trade is a valid volume-spread trade and is still open as long as support holds above $1.75.
Is that bottom chart volume? does tradeguider do something else with the volume, when I looked at SPI for Futures for Sep'11 in IB's TWS volume looks different.
Okay no worries with that interpretation Tech/A. Waiting for someone, anyone to place a right hand side of the chart trade using volume/spread analysis on the ASX.
Okay no worries with that interpretation Tech/A. Waiting for someone, anyone to place a right hand side of the chart trade using volume/spread analysis on the ASX.
Yes it is Volume
Mine is a 1 min chart yours looks a different timeframe ?
Too scared now.Away you go then.
Nothing against VSA ...
** please correct me if I am wrong ***
If the book is free, then it is open to interpretation. In the book it makes statements like high volume and ultra high volume and over last few bars.
What is the (mathematical) definition of these terms? Unless proven and consistent is open to what the user thinks and your definition might be different to mine.
Is high volume 2 times timer than average volume? or 3 times higher? or 2 time higher than volume of last 2 bar?
Don't answer that... its just an example!
The program (however) would be using some algorithm to determine this and therefore would some sort of consistent way of determining this.
... back to topic
The one I posted earlier was a 2 min chart, here is a 1 minute still there is a big difference. The volume on yours is spread out evenly, on mine there are a few large spikes with little in between.
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