fxcodebase-backup
VSA indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=15508
Forum: 17 · Topic 15508 · 6 post(s)
VSA indicator
Alexander.Gettinger · Mon Apr 02, 2012 10:09 am
Indicator is a port of indicator from request viewtopic.php?f=27&t=5424
Formulas: The bar is: UP, if Close>UpPrice; DN, if Close<DnPrice; Middle, if DnPrice<Close<UpPrice.
UpPrice=MiddlePrice+D, DnPrice=MiddlePrice-D, where MiddlePrice=(High+Low)/2, D=(High-Low)/K.
Download:
Re: VSA indicator
chimpy · Mon Mar 25, 2013 8:10 am
Alexander,
Thanks so much for this. I must have missed the notification and have only just discovered it again. It seems to be popular by the look of the downloads.
I will have a good look later.
By the way, whats happened to Allpin, does he work with you guys anymore? Are you able to look at any of the coded programs (exe) I have a small problem with the CSV project viewtopic.php?f=27&t=4685 Is this your area of skill?
chimpy
Re: VSA indicator
Jeffreyvnlk · Fri Jul 05, 2013 1:40 pm
Alexander.Gettinger wrote: Indicator is a port of indicator from request viewtopic.php?f=27&t=5424
Formulas: The bar is: UP, if Close>UpPrice; DN, if Close<DnPrice; Middle, if DnPrice<Close<UpPrice.
UpPrice=MiddlePrice+D, DnPrice=MiddlePrice-D, where MiddlePrice=(High+Low)/2, D=(High-Low)/K.
VSA.PNG
Download:
VSA.lua
May I ask what is K for ? May I understand that Up bar is a bar which got the close higher than that of a previous bar. It was appreciated if you could explain why using Middle Price in this formula Thank you
Re: VSA indicator
Apprentice · Sat Jul 06, 2013 11:07 am
K is a constant set by the user.
Code: Select all `local D=(source.high[period-1]-source.low[period-1])/K; Middle=(source.high[period-1]+source.low[period-1])/2; local Up=Middle+D; local Dn=Middle-D;
or simplified
Up = source.median[period-1] + (source.high[period-1]-source.low[period-1])/K; Dn = sourcemedian[period-1] - (source.high[period-1]-source.low[period-1])/K;` If price is greater then Up then we will have Up Bar If price is less then Dn then we will have Bar otherwise we will have Middle Bar
Re: VSA indicator
angelalzate · Thu Mar 12, 2015 3:38 pm
Good afternoon. Could anyone explain me what is the indicator , what is its function ?. Thank you very much and happy evening .
Re: VSA indicator
Apprentice · Mon Oct 29, 2018 7:11 am
The indicator was revised and updated.