I came across a VSA code that I think is for either TradeStation or MultiCharts. See attachment. Also attached is a Better Volume indicator for TradeStation. I don't remember where I found either of them. Maybe these can help you get started with your VPA translation. I would suggest however, to search the TradeStation forums elsewhere on the internet to see if someone else has translated it into EasyLanguage. If you do sucessfully translate it, I'm sure the Big Mike forum members would appreciate you posting it in the download section.
The following user says Thank You to StockJock for this post:
If you're talking about the Fibs, they're just plain vanilla ToS Fibs. There's no code that I know of that could be posted. I have configured them in the way that David Halsey does at http://eminiaddict.com .
StockJock...It is not a code that sets up the fib study. When you pull a fib go to the edit section and just check the fib levels which you wish to hide. While there you set the line weight, style, and color also. My settings include a 50, 61.8, and 78.6 retrace levels, along with a -23.6 and -50 percent profit target levels. I would post a picture of the settings but need to post a couple of more times here to do that. For what it is worth the three best trading sites on the web are right here at Big Mikes, EMiniAddict, and Thinkscripter in my humble opinion, none of which will bury the checkbook. Just an opinion.....Good Trading. If you have any questions on the set-up post here and I will try to assist in any way I can.
In his book Master The Markets, Tom Williams provides conditions to differentiate between a retracement and a market reversal. The problem is how to program it into TOS to show up as an indicator on a chart? Does anyone have any suggestions? The VPA code helps with retracements, but not with reversals. At least I don't see that it does.
1. Increased Volatility
2. Large spreads. Especially Effort to Fall bars.
3. Increasing volume.
1. Lack of volatility
2. Small spreads
3. Decreased Volume
I have to brainstorm over it, so I don't know if it would be useful yet, but you could calculate stdev sprike values for volume bars as well. The combination could give a clear picture regarding Efforts vs. Results?
Here's another Head and Shoulders pattern on the 6e 2-minute chart in the morning. The Left Shoulder is at around 5:50 AM (all times PT). The Head, marked perfectly by a Yellow Triangle Weakness warning and a Yellow Circle Stopping Volume, is at 6:46. The low between the Head and the Right Shoulder was marked by a White Square Supply Test and Cyan Triangle Successful Test for Supply. The Right Shoulder is at 7:14 and is marked with an Orange Circle pseudoUpThrust. Over the next 45 minutes the Right Shoulder falls, rises, and then begins its fall again.
For those who follow David Halsey's Fib-based Measured Moves ( http://eminiaddict.com ) here's an observation:
The Left Shoulder and Head were created by a Measured Move from lows to the high of the shoulder, a retrace to just below the 50% line, and a move up to the -23% target. Interesting.
Also, in terms of plain old Support and Resistance notice that the high of the Head came just after briefly piercing S1 (green dotted line) and a previous S/R level (magenta line). The extension of the Right Shoulder out to 8:00 peaked right at S1 and just below the old S/R level. Again, interesting.