VSA indicator

[Alexander.Gettinger]

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:

VSA.lua

(2.15 KiB) Downloaded 1446 times

[chimpy]

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

[Jeffreyvnlk]

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

[Apprentice]

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

[angelalzate]

Good afternoon. Could anyone explain me what is the indicator , what is its function ?. Thank you very much and happy evening .

[Apprentice]

The indicator was revised and updated.