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[amibroker] Re: ^N225 timing (DT)



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Tomasz,

One of the things that I like to do is calculate various common 
levels for indicators. The volume by price indicator is a convenient 
way of showing how often an "indicator" shows up in a certain "zone" 
of the chart.

For instance one could observe how often a ROC has hung out in a 
certain value if the VxP indicator were modified into a set of bins 
for whatever indicator we are searching over. Since ROC will tend to 
hang out and pause in the extreme areas of the chart and rapidly 
move through others the PxV study might be an interesting way to 
represent the areas where the indicator spends most of its time.

Another application could be a routine that counts the number of 
bars between peaks and troughs. Setting this up into bins should 
point out potential cycle lengths.

Here's a possible call out for the function:

IndBins(Indicator,NumBins,Min,Max);

Min and Max could default to visible Min and Max over the chart and 
the horizontal histogram location choices could remain similar.

What do you think?

-ace



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