Trading with Volume Spread Analysis (VSA)

[nimish_rulz]

I believe Jindal Cotex is gonna go up in the coming days. A successful test of supply followed by VSA BUY signal. I have just created this system so wouldn't recommend buying the script this is for paper trading once I evaluate the results properly I ll post regular triggers.

PS:
The "BUY" Means the moving average or Wilders cross over hybrid from Ananat Sir's AFL on Ambibroker. As he mentioned the BUY signal is only considered if 70% of the candle is above the moving average or wilders average. Whereas "VSA BUY" is my own creation and I would be giving the signals for them same. However the chart might show both the signals but I recommend only VSA BUY that too for paper trading for the first few weeks once we feel the system is reliable will post more.

Second buy for J&K bank

 

[bunny]

Nimish, can you please use a better charting application such as Amibroker or web-based ones like icharts.in?

 

[nimish_rulz]

Nimish, can you please use a better charting application such as Amibroker or web-based ones like icharts.in?

I ll try to post better charts if you can pls tell me what is the problem with the current one as I use Metastock as my charting software and not Ambibroker. However I can try and post for ambibroker for the ones I have the data for.
Many thanks

 

[nehasharma]

I believe Jindal Cotex is gonna go up in the coming days. A successful test of supply followed by VSA BUY signal. I have just created this system so wouldn't recommend buying the script this is for paper trading once I evaluate the results properly I ll post regular triggers.

PS:
The "BUY" Means the moving average or Wilders cross over hybrid from Ananat Sir's AFL on Ambibroker. As he mentioned the BUY signal is only considered if 70% of the candle is above the moving average or wilders average. Whereas "VSA BUY" is my own creation and I would be giving the signals for them same. However the chart might show both the signals but I recommend only VSA BUY that too for paper trading for the first few weeks once we feel the system is reliable will post more.

Second buy for J&K bank

hi nimish, can u give me the link for upper pane of the above chart?
thanx

 

[bunny]

I ll try to post better charts if you can pls tell me what is the problem with the current one as I use Metastock as my charting software and not Ambibroker. However I can try and post for ambibroker for the ones I have the data for.
Many thanks

It does not set the scale appropriately for some charts. As a result, bars appears very compresses disallowing the entire bar to be seen accurately.

 

[bunny]

It was a down-day. The volumes in the cash market were lower than yesterday, while those is F&O market were higher than yesterday. Eeven today, many stock have broken their trading ranges - either recent ones or those created months ago. Outlook is bullish, with a big move on cards.

 

[bunny]

New stocks on the watchlist

Few stocks that look good for short term trading(long positions):

1. ERACONS
2. FCSSOFT
3. GEOMETRIC
4. GICHSGFIN
5. KGL
6. PRITHVI
7. RUCHISOYA

 

[AW10]

It does not set the scale appropriately for some charts. As a result, bars appears very compresses disallowing the entire bar to be seen accurately.

Nimish, the chart sizing issue might be due to the Monthly high/low that u are plotting on chart.
Charting software will adjust their Y axis based on indicator or other value that you are asking them to show.. Maybe you can put a filter to show monthly L/H when it is about 5 to 10% near today's close else don't show them.

happy trading

 

[anoopkumar]

Re: Current strategy for selecting

During the last few days, many stocks across all levels of market cap are breaking above their trading range resistances. The professional money is absorbing all the supply. Following down-bars have confirmed absence of selling pressure. Given this situations, most stock will be northbound. The stock selection strategy to trade the current situation is to select stocks that have a trading range to its left - one which has not been broken through. If you are tracking charts with daily price limits/bands, the you should look for batteries of lower circuits instead of a trading range.

In case you missed the opportunity to board before the breakout, enter on the 2nd down-day after breakout when the volumes are low. This will give you the bottom-most entry of the next leg of up-move.

Nice post. Gives good insight.

 

[bunny]

I hope somebody was able to enjoy the big move(10%) given today by SUNFLAG