Description
VSA indicator gives you the opportunity to trade alongwith the Smart Money.
Combining this indicator with Price action will give you an edge in the market.
In Forex, as we have only tick volume available but already the studies revealed that correlation cofficient between trading volume and tick volume is around 0.98, hence good enough to use it in the anlaysis.
There are 5 parameters that can be adjusted based on your strategy.
UltraHigh Vol -- Highest Volume for a defined period (Orange Vol Bars).
High Vol -- Highest Vol for a defined period, should be lesses that the UltraHigh Vol (Blue Vol Bars)
Low Vol -- Lowest Vol for a defined period (Magenta Vol Bars)
Climate Change Vol -- Low Vol for a defined short period, I keep it 2 (Gray Vol Bars).
MA Period -- Simple Moving Average period drawn over the volume histogram.
Follow me on Telegram Channel for trading ideas & updates - https://t.me/for3xscalperchannel
Telegram Group (Unofficial) for discussing about ctrader Bots/Indicators - https://t.me/cTradertools
Also, I am a strategy provider. You can check the details & copy the strategy for stable profits after DYOR.
Strategy Name - Desire
Link: https://ct.spotware.com/copy/strategy/20224
Myfxbook link: http://www.myfxbook.com/members/for3xscalper/desire-ctrader-strategy/7620833
NOTE:- I have just modified the available code/indicator on internet based on my trading style.
The author decided to hide the source code.
For3xScalper'
Joined on 15.05.2020
- Distribution: Paid
- Language: C#
- Trading platform: cTrader Automate
- File name: VSA-For3xScalper.algo
- Rating: 2.5
- Installs: 2069
- Modified: 13/10/2021 09:54
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