they are multipliers that help define if the bar will be marked a gravestone doji. gdoji is a cofactor in determining body size and wick factor in determining wick size i.e. how big a body and what size wicks will qualify as a gravestone doji... the code is:
rec isGraveDojiBar = (spread > avgSpread) && (AbsValue(open - close) < (GdojiFactor * spread)) && ((AbsValue(close - low) < (WickFactor * spread)) or (AbsValue(open - low) < (WickFactor * spread))); # less strict Gravestone Doji
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With the brief experience I've had with it, seems like the VPA indicator's best funtionality may be as a trainer to constantly remind one to take note of the volume... Seems to be more useful as a kind of occasional confirming indicator secondary to price action, and its predictive power seems to be very short-lived due to its bar by bar nature... Even after reading up on VSA literature, that's about all I can do with it so far; and I cannot make some kind of rule-based entry/exit thing out of it... VSA itself seems to be open to a lot of interpretation since you are always supposed look at it in context of bacground strength. Oh well...
a worksheet is attached just in case anyone wants to develop ideas or definitions on something already semi-organized. Has a cheat sheet with symbols, labels, some explanations and the code.
VPA_ninja2STUDY.ts is the same VPA massive posted with a minor change (included only because I noticed that the xcell sheet refers to it) If used, it should probably be renamed to its original name which was (?) with some version number... The only changes are that the above red and green nullifiers don't existЕ INSTEAD, all symbols above candles are somewhat bearish to bearish indications, all symbols below candles are bullish or "less bearish" in varying degrees. So, instead of a nullifying red square under a symbol, there is a blue square ABOVE the candle; and instead of a nullifying green square above a candle, there is a violet/purplish square UNDER the candle. (I think that's the way it is anyways)
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Ulgolog - this looks really nice. Thanks for doing this. I've been reading up on VSA and I agree that this won't make an effective automated system or give precise rules for entry and exit. I've used the ToS version and find that when volume is particularly low it generates a lot of signals (lunchtime for the ES for example) and I generally disregard entirely. Higher time frame signals get more weight from me and are also more rare.
I have just started playing around with NT. Do they allow downward facing triangles? It seems like this is a more intuitive bearish indicator.
I've been playing around with your NT version. There are some diamond indicators being generated, both on the bar and below the bar but no reference in your cheat sheet. What do these indicate? (I see both turquoise and green ones)
I've been frying other fish for a number of months and frankly don't remember the changes I had made in 1.08. To figure out what they are it will be necessary to dig through the code and compare it to 1.07a. All I remember is that I was happy with whatever changes I had made. I started frying other fish before I had a chance to post the new version and offer comments on it.
I'll be frying other fish for the rest of this year at least so I don't expect to make any more changes to 1.08. When the fish are fully cooked I'll serve them up.
The file is attached so give it a try if you'd like!
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