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It is not stricly 70% of the range, but one standard deviation around the
Point of Control. POC is the fairest price of the day, price at which most
volume occurred (if you are computing volume profile) or where most TPOs
accumulate (where volume is not available or you are making a TPO profile).
One SD approximates to 70%, but this 70% can be anywhere in the daily range.
There is no rule that says the time brackets have to be 30 minutes, although
this is how the CBOT market profile is structured. You can use any time
bracket to build the profile.
If TJ can provide a function to manipulate volume at price (VAP) with the
ability to draw this on an intraday basis (volume at price overlay starts
afresh each day). At least for the markets where volume is available (which
is most of them except the pit traded futures), it will be possible to
derive the profile real time and also have the profiles of prior days
available for reference. To be useful, one must be able to build multiday
profiles, i.e.gather the volume by price for any arbitrary period. Even for
EOD version, VAP for specific periods will be useful for those analyze
volume data.
Most of the functionality is already there, as VAP is built on the basis of
visible bars. It just needs user specified time period/duration, provide
some way of reading the data (price and volume) and the ability to cusomize
the display in AFL (color some bars and print values e.g).
Geo
----- Original Message -----
From: "mleonsprint" <mleonsprint@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, September 13, 2004 10:52 PM
Subject: [amibroker] Re: Value Area
> The value area is using 30 min bars, then 70% of the range is
> marked, The high of the area and the low of the area. That is
> the "value" area as far as I know..... I also don't know really of
> many platforms doing it... other than CQG... UGH...
>
> Cheers
> Mark
>
> (Give the suggestion to Tomasz to let him know you have interest in
> it)....
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Ara Kaloustian" <ara1@xxxx> wrote:
> > Seems like there should be a way of doing this ...
> >
> > is there a clear definition of "value area"?
> >
> > Ara
> >
> > ----- Original Message -----
> > From: "blackblame" <blackblame@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Monday, September 13, 2004 8:19 AM
> > Subject: [amibroker] Re: Value Area
> >
> >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "mleonsprint"
> <mleonsprint@xxxx>
> > > wrote:
> > > > I have tried but there is now way to plot the "value line"
> with it
> > > > yet. I put it in as a suggestion and you may want to do the
> > > same....
> > > >
> > > > Cheers and happy trading...
> > > >
> > > > Mark
> > > Hi Mark, thank you for your reply.I though that somebody talked
> > > about the market profile in the old threads, I hope that TJ will
> > > think about this feature,it'very interisting this type of study!
> > >
> > >
> > >
> > >
> > > Check AmiBroker web page at:
> > > http://www.amibroker.com/
> > >
> > > Check group FAQ at:
> > http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > > Yahoo! Groups Links
> > >
> > >
> > >
> > >
> > >
> > >
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> Yahoo! Groups Links
>
>
>
>
>
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