The vsa text indicator is based upon what is known as the volume spread analysis indicator. Volume spread analysis is basically a tool to discover the correlation of price in relation to volume in order to determine the short term outcome of price action in other words where the market might be moving next. The vsa text indicator for metatrader 4 is a metatrader 4 mt4 indicator and the essence of the forex indicator is to transform the accumulated history data.
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The vsa text indicator for metatrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Vsa for mt4. This is definitely my best code ever and it kicks ass. There are a few vsa labelled mt4 indies over at ff and there s one expired one that can be worked around but frankly they are not very good. Don t take this as a promo but the smart pip package at 349 uses mt4 strikes me as a better deal.
Im coding this a few time now and it is finaly finished. Moving average ma 100 100 by default all of the vsa histogram bars which are over the ma 100 that is the signal to active trading. I also recoded vpa afl code to mt4.
Vsa histogram bar shall mean the element of the vsa indicator which shows volume spread and color that explains the particular market situation. The color of vsa histogram bar is white. This is a try to conver tradeguider to mt4.