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The code actually plots the daily volume profile along with a price plot. It
should be possible to work with the code to identify the POC and mark the VA
High and VA low.
Geo
----- Original Message -----
From: "Ara Kaloustian" <ara1@xxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Saturday, September 18, 2004 05:46 PM
Subject: Re: [amibroker] Re: Value Area
> A looked at the code that was published ... and if we are talking about
the
> same code labeled "Market Profile", the code finds simply finds the high
an
> low of the daily price range and plots that....
>
> That is not the definition of value area ... as a few members posted
> previously.
>
> My understanding is that the area that contains 70% of the day's volume is
> what we are looking for.
>
> While knowing the high and low values it may be useful, we really should
not
> mix the two concepts ... it simply becomes confusing.
>
> Ara
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