The twist and turns of life had forced me to put my passion, Trading and Technical Analysis on the back-burner. Slowly I am getting back to my passion. Also I am back to to my Blog and I do sincerely hope I can put lot more time aside for this.
One f the first thing I did was to review my old Indicators and the possibility of improving them. Definitely a refurbishment of my VSA indicator has been long overdue. I was also looking at my Buy and Selling Pressure Indicator (BSP Indicator). My old BSP indicator was based on the spread of the current bar. It reflected how the Buying and Selling move the move within the current time frame. However it does not really reflect the real effort of buying and selling to move the price from the previous close. It did not take into account the Gaps. For this we may have to consider the "True" Low and High values. This could be expressed in simple terms as follows
True High = Max(High, Ref(C,-1))
True Low = Min(Low, Ref(C,-1))
Where Ref(C,-1) represents the close of the previous Bar.
So I added an option to select the normal High and low or the True values of High and Low.
Below is the BSP Raw indicator comparison
The smoothed Indicator has also been upgraded.
Those interested to try out these indicators can be downloaded from the below link
Please feel free to share your feedback
Very nice and useful for us ! We are grateful to you.
ReplyDeleteYour contribution in TA world is really amazing !!!
ReplyDeleteThanks....
ReplyDeleteComo consigo abrir o arquivo afl ?
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ReplyDeletehttp://i62.tinypic.com/2hyjdir.jpg
ReplyDeleteThank you
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ReplyDeleteThanks lot sir, ever grateful to you... for paving the way for us to wonderful world of VSA..
ReplyDeleteThis is practically useless indicator for a day trader. :(
ReplyDeleteI wish Karthik to give up the over obsession on VSA, code something substantially significant like kbrain, NMA etc
Thanks a lots, sir you are doing great job on VSA for bigger time-frame for amibroker. we can go for smaller time frame. Sir kindly go through wenlink for smallertimeframe Vsa .kindly make afl for that if possible
ReplyDeletehttps://thekickasstrader.wordpress.com/2015/05/11/vsa-basics/
Dear sir,
ReplyDeleteYou afl has been very useful to me for couple of years. I can use it for confirmation only as otherwise it can lead me to losses. I have been searching for scanner or exploration but without success. Can you or someone help me get the afl for the same...
Dear sir,
ReplyDeleteYou afl has been very useful to me for couple of years. I can use it for confirmation only as otherwise it can lead me to losses. I have been searching for scanner or exploration but without success. Can you or someone help me get the afl for the same...
plz send me indicator friends...i need it ...thanks in advance
ReplyDeleteruchi.unicon@gmail.com
I've used BSP v1 before and I think the BSP v2 is a refinement over v1. The new version looks to be more volume sensitive.
ReplyDeletesir i am not in able to download the AFL please guide how to Get theis AFL Code file ??
ReplyDeletemy id is sureshmailbox2@gmail.com
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