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When price action is tilted, the volume will reflect that.
When you get 0% on other side, there is a problem with program structure.
Computations are within price range that contains volume, so 15% of volume
can never be zero. If volume is tilted to higher prices, then it will take
mire price ranges to accumulate the 15% on the low price side than on the
high price side.
Alternately, Tomasz is planning on providing volume based MP on version
5.0. I assume it is still in the plans.
----- Original Message -----
From: "eric tao" <erichtao@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, July 06, 2007 2:24 PM
Subject: [amibroker] Re: volume based MP
> 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
>
> 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:
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For other support material please check also:
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