It is an RSX indicator which is a much-smoother trend guide compared to RSI. Handy to check for divergence also. I actually think Malcolm uses it on his charts also. Here it is

Learn to Trade using VSA (Volume Spread Analysis)

MM indi — Here you go

Learn to Trade using VSA (Volume Spread Analysis)

What does Malcolm get ? a bottle of beer ?

Learn to Trade using VSA (Volume Spread Analysis)

USDJPY — Similar story on the USDJPY

Learn to Trade using VSA (Volume Spread Analysis)

GBPJPY — Hi Malcolm, Looks interesting ... possible move up to the resistance around 150.00 ? Maybe a gap up to trap the retail ? This chart is 1 hour with MM - do you adjust the MMperiod when changing timeframes ... yours is 15min I think, so ...

Learn to Trade using VSA (Volume Spread Analysis)

This is certainly not what I am looking for .... I think we all quite like to have a look at the charts before placing a trade? There are plenty of intra-day VSA trading opportunities via the charts, so surely a self-updated spread-sheet is a ...

Learn to Trade using VSA (Volume Spread Analysis)

Excellent post

Trade Using VSA (Volume Spread Analysis)

I think I am confused now as this is what I have noted as a shake-out is "A shake-out is a sharp downward move but then quickly reversing to close at or near the high (i.e. about where it started) and is always on high volume. A weak holder is a ...

Trade Using VSA (Volume Spread Analysis)

Hi NYSE, Your post on the other thread interested me "I've began to take price history and compose a spread sheet which shows the average volume over a 30day period and the average spread over a 30 day period. Malcolm was exactly correct and I've ...

Learn to Trade using VSA (Volume Spread Analysis)

Nope.... definitely not high volume ! The "Test" A test is when the specialists mark the price down suddenly but the bar closes on, or near its high. Successful tests are usually on low volume and, because of this low volume, generally signal that ...

Trade Using VSA (Volume Spread Analysis)

Yes.... it looks like I timed that trade very badly - at least I know why now! Have you got the fcal indicator at hand to post ? Thanks ShamusO'ReillyMcFamous

Trade Using VSA (Volume Spread Analysis)

Failed trade — Hi all, Not sure what went on here... I went short after the close of what I thought was an Upthrust (highlighted bar0 , assuming SM sellers were in but it went up. Appreciate analysis and comments of what I missed here? Thanks ...

Trade Using VSA (Volume Spread Analysis)

thatwasme: You are one of the last people my post was directed at.... you have been a massive aid to us all on this thread. I hope you got my PM. Everyone else (regulars): Sorry if I have caused any problems, I was making a statement as I was ...

Trade Using VSA (Volume Spread Analysis)

But it has absolutely NOTHING to do with this VSA thread I am getting pissed off with this thread now. Why no charts guys ? Post and discuss, post and discuss, post and discuss.... REPEAT...... I have logged into the chat when I can but no charts ...

Trade Using VSA (Volume Spread Analysis)

Thanks very much

Trade Using VSA (Volume Spread Analysis)

Volume Oscillator — Hi thatwasme, I was looking at your latest volume indicator and don't understand what it is telling me. Could you explain this chart and why the marked section is green and also why it seems to bear to resemblance to the ...

Trade Using VSA (Volume Spread Analysis)

If you have a few minutes would you mind posting the EURGBP chart with your comments please Malcolm?

Trade Using VSA (Volume Spread Analysis)

I know you are right Thanks Malcolm

Trade Using VSA (Volume Spread Analysis)

Thanks jtrade. Now that, coded for MT4, would be really really handy as an aid to reading the market, VSA style!! Unfortunately, I am not capable ..... PS: Post #105 has jtrade's chart

Trade Using VSA (Volume Spread Analysis)

EURGBP — Massive volume increase (Sellers) came into market on highlighted bar. Good for 30 pips so far....

Trade Using VSA (Volume Spread Analysis)