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Hi,
First thing I should clarify is that I'm on the bottom rung of the stock
trading ladder.
a. Only a little experience with the stock market ( most of it bad
).
b. Not much money to work with.
But I do have Amibroker and a willingness to learn.
Ok, here's what I wanted to discuss. I've been intrigued by the VAP
histogram that Tomasz has put into AB. It looked to me like it could
be a valuable tool , but I had no idea how to use it . So I did a google search
and came up with this , so far.
1. Price Histogram <A
href="">http://www.enthios.com/trading/PriceHisto.htm
2. Trading the Price Histogram Chart
Intraday <A
href="">http://www.enthios.com/PriceHistoIntraday.htm
The definitions in 1. above are:
Point of Control: The longest line.
indicate prices where trading spent the most TIME, thus establishing VALUE for
the day (price x time = value).
Value Area (VR): The price range where
70% of the days business was conducted.
Attached gif (if it comes through) shows
these.
Item 2 above details a trading system. To be able to
describe this in AB , I would think we would need these defined points as
parameters and/or some way to address them as an AB command.
Maybe we already have this? I don't know for sure.
That's about all that I can contribute to the discussion
at this time. Anybody think this can be taken any further?
Comments?
Thanks,
Greg
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