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Ara, I'm afraid it's not right approach. we use volume based MP to
find trading range and the price action bias. there are times when the
weight is tilted to lower or upper side of the price action and cause
other side to be 0%. I remember it's called a buyer/seller market.
Is there anyone actually wrote mp indicator?
--- In amibroker@xxxxxxxxxxxxxxx, "Ara Kaloustian" <ara1@xxx> wrote:
>
> My understanding is that you take the day's (week, month or whatever
time
> frame you want) entire volume, then do 2 calculations:
>
> 1. start adding the volume at each price (starting from highest
price) until
> the volume equals 15% of your total volume. That's your upper VA
> 2. Repeat for volumes starting at the lowest price.
>
> The value area will contain 70% of the days total volume.
>
> ----- Original Message -----
> From: "eric tao" <erichtao@xxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Friday, July 06, 2007 11:37 AM
> Subject: [amibroker] Re: volume based MP
>
>
> > "cumulative volume"
> > could you elaborate on that?
> > did you mean adding up all volume for specific price point?
> >
> > Eric
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Ara Kaloustian" <ara1@> wrote:
> >>
> >> for value area you need to look at cumulative volume - not just
> > volume bars.
> >>
> >> 30% and 70% of total volume are the value area points
> >>
> >> ----- Original Message -----
> >> From: "eric tao" <erichtao@>
> >> To: <amibroker@xxxxxxxxxxxxxxx>
> >> Sent: Thursday, July 05, 2007 11:00 AM
> >> Subject: [amibroker] volume based MP
> >>
> >>
> >> > Hi Guys,
> >> >
> >> > I'm trying to calculate volume based daily Market Profile. Is
this the
> >> > right way to calculate Value area for volume base MP?
> >> >
> >> > CP is the highest volume price point.
> >> > for VA, I compare the volume of each price around CP, pick the
higher
> >> > volume from each pair until the accumulated volume is greater for
> >> > equal to 70 percent of the day's total volume.
> >> >
> >> > Thank you.
> >> >
> >> >
> >> >
> >> >
> >> >
> >> > Please note that this group is for discussion between users only.
> >> >
> >> > To get support from AmiBroker please send an e-mail directly to
> >> > SUPPORT {at} amibroker.com
> >> >
> >> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> >> > http://www.amibroker.com/devlog/
> >> >
> >> > For other support material please check also:
> >> > http://www.amibroker.com/support.html
> >> >
> >> > Yahoo! Groups Links
> >> >
> >> >
> >> >
> >>
> >
> >
> >
> >
> > Please note that this group is for discussion between users only.
> >
> > To get support from AmiBroker please send an e-mail directly to
> > SUPPORT {at} amibroker.com
> >
> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> > http://www.amibroker.com/devlog/
> >
> > For other support material please check also:
> > http://www.amibroker.com/support.html
> >
> > Yahoo! Groups Links
> >
> >
> >
>
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
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