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VSA indicator for MT4


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VSA indicator for MT4

  #11 (permalink)
 mrmuggins 
manchester, england
 
Experience: Intermediate
Platform: ninjatrader
Broker: pfg best
Trading: oil
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Beljevina View Post
Hi Dudley, just to be upfront, I have never owned the product. I have used it, for brief time periods. I didn't find it particularly helpful. In fact, when you factor in the fact that as a charting package it is grossly lacking of most of the basic features that say a NinjaTrader or other top-tier package has, it becomes a negative and hindrance to personal trading, to maintain and run 2 or 3 software packages on your PC at one time IMHO.

But more importantly, pretty much every TG owner that I have spoken to has said that owning the software did not help them much, if any at all: it really comes down to the 'feature' of being able to click on the triangle to splash up the text on what the bar+volume might indicate is going on. (And maybe the scanner) BUT, it is still up to you to put it into the context of other chart timeframes, not to mention apply basic S&R, fibs, trendlines, or whatever other additional trading techniques one might use. Not to mention, you have to subscribe to a separate datafeed for TG, while, most futures brokers offer decent trading feeds as part of their service, but alas you cannot use it in TG.

TG does indeed offer lots of educational resources, and, the fresh & newer ones might be where value for the money can be found; I'm not sure how they charge for that currently - it seems to be changing every few weeks. But, Tom Williams is aging quickly, beyond retirement, and I sense there is a void over at TG, where decent fresh and new talent is not materializing. Of late, Gavin is parading around some new traders (female) with some fairly distasteful marketing, that I also know is turning off many existing/past customers. Running the business is not easy, since, it needs 'newbies' to keep it going, or, taking past customers to the next level, but how to do that is a bit of a holy grail of it's own.

In brief, I think the large amount of VSA educational material out there is quite usable IMO. I think their VSA club is still available (although not sure of pricing and connection to the software). Perhaps even giving their trading room a spin is worth it, for the educational content. Plus, if you look around, it's not hard to find a TG customer selling their software; mind you, TG v5 is supposed to be coming out, so any upgrade path and associated cost should be explored.

(I will also add that I think most VSA traders use a very small subset of moves or techniques as part of their day to day trading - when one can perfect those or create good risk to reward scenarios - my sense is that we as people don't often continue refining other VSA techniques. I really just focus on upthrusts, shakeouts, NS, & ND - that and the thousands of hours of screen time have led me to a morphed and learned way of trading that works for me, but probably would not work for anyone else. )

Beljevina, I agree with everything you say, so no arguments from me. I also agree with the way you trade with UT, SO, ND and NS. I also use the Selling and Buying climax, so using Better Volume shows me these, especially the Climax Churn bars. Using the TG software is not necessary for me either.

Dudley

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  #12 (permalink)
Bouaya71
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RedDee View Post
Keep

Thank you RedDee

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  #13 (permalink)
MadMenj
Madrid
 
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Old thread, but found it in search.. I found VPA and Analytical VSA analyticaltrader.com for MT4, please post here if you find anything free.. Cheers...

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