PipTick VSA MT5
- Indicators
- Michal Jurnik
- Version: 1.7
- Updated: 1 December 2021
- Activations: 50
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread Analysis is a form of technical analysis which attempts to look into price action in relation to volume. This is a proven method for analyzing a financial markets. This approach works in all markets because the VSA evaluates imbalance between supply and demand which are constantly emerging.
More information can be found at this site: http://www.volumespreadanalysis.com/
Patterns
PipTick VSA shows 28 patterns that are divided into two groups. Signs of Weakness [SOW] and Signs of Strength [SOS].
- U - Upthrust [SOW]
- RU - Reverse Upthrust [SOS]
- PU - Pseudo Upthrust [SOW]
- PRU - Pseudo Reverse Upthrust [SOS]
- ND - No Demand [SOW]
- NS - No Supply [SOS]
- PBC - Potential Buying Climax [SOW]
- PSC - Potential Selling Climax [SOS]
- CAS - Climactic Action - Professional Selling [SOW]
- CAB - Climactic Action - Professional Buying [SOS]
- RS - Reverse Shake-Out [SOW]
- S - Shake-Out [SOS]
- 2RS - 2-Bars Reverse Shake-Out [SOW]
- 2S - 2-Bars Shake-Out [SOS]
- TR - Top Reversal [SOW]
- BR - Bottom Reversal [SOS]
- RER - Reversal After Effort to Rise [SOW]
- REF - Reversal After Effort to Fall [SOS]
- SVS - Stopping Volume - Professional Selling [SOW]
- SVB - Stopping Volume - Professional Buying [SOS]
- TD - Test of Demand [SOW]
- TS - Test of Supply [SOS]
- FPB - Falling Pressure - No Buyers [SOW]
- FPS - Falling Pressure - No Sellers [SOS]
- ERM - End of a Rising Market [SOW]
- EFM - End of a Falling Market [SOS]
- HS - Hidden Selling [SOW]
- HB - Hidden Buying [SOS]
Main features
- The indicator shows 28 VSA patterns
- Really accurate signals
- Based on the original VSA
- Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN)
- The indicator is non-repainting
- Ready for backtesting
- Customizable parameters (Colors, Pattern Visibility, Text Size...)
- Very fast calculation
- Can be used for creating EA (Expert Advisor)
- Available for MT4 and MT5
Input parameters
- Volume_Method - Tick or Real volume
- MA_Period - Period of MA calculation
- ATR_Period - Period of ATR calculation
- Display_Legend - Allows to enable or disable displaying of legend
- Offset - Offset of VSA patterns labels
- Text_Size - Text size of the indicator labels
- Show_U ... Show_HB - Allows to enable or disable displaying of the individual VSA pattern
- Color_Panel_Label - Color of panel label
- Color_Panel_Bar_Up - Color of bar if price goes up
- Color_Panel_Bar_Down - Color of bar if price goes down
- Color_Panel_Low - Color of low value
- Color_Panel_Average - Color of average value
- Color_Panel_High - Color of high value
- Color_Panel_Ultra_High - Color of ultra high value
- Color_U ... Color_HB - Color of the individual VSA pattern
Outputs parameters
- VSA - Number of VSA pattern according the legend
For more information, visit PipTick VSA product page.
Hi Michal Very many thanks for developing your indicator which I am enjoying using enormously. I have only been using it for a couple of days so please take this review as an 'initial findings' rating; I'll add more detail in a couple of months. The indicator has over 20 signal types and presents them very clearly on the chart. It is, however, becoming clear that different markets respond to different types of signal. For example, Forex pairs experience the "U" - up-thrust on a regular basis and this does seem to be a very reliable pattern if the trader gives the market time to respond, however, this type of pattern is rarely seen in the Commodities market which behaves very differently. To make sense of the indicator, the trader needs a good understanding of VPA/VSA first otherwise the codes will become overwhelming or even meaningless. To date I have enacted 23 trades directed via the indicator of which 12 have resulted in profit, 1 in loss and the remainder 50/50 p/l but still open. In testing, using the demo on GBPUSD I found approx 79% successful signals on U/RU and CAB/CAS combined but much lower simply using the ND/NS flag. I guess this is the essential point: test each market individually to find out which signal provides that market's best result. The ability to easily turn on/off each element is excellent and each can be coloured to highlight although perhaps individual sizing might be useful (non-essential). My strategy at the moment is to use it to enact quite small trades (in terms of pips) on longer timeframes rather than waiting for the mega move - and this seems to be working well, largely thanks to the quality of the indicator. 5 stars for the quality of the information the indicator provides - it is obvious just how much work has gone into this and the developers need special commendation. However, for the trader using it, please test each market individually. My next stage will be to link this to the piptick volume indicator. It is a bit of a shame that these are not combined into one or, that they may be offered as a combined bundle at reduced price. If, in the future there were to be an EA which would combine the 2 and trade via combinations of signals for each market, I'd be a willing purchaser. Overall, if you trade using Volume Spread Analysis, this great indicator does much of the heavy lifting for you. So far, well worth the cost and I've already made it back from the market. Please accept that I have only used it for 2 days but I think this might become my most useful trading tool. I'm using the mt5 version. Thanks