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Re: [amibroker] Market profile, Value Area, POC etc
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Keith,
pretty simple. The value area is the price range
where in 70% of the volume is traded and the point of control the price
interval / step at which the most volume is traded that day.
it are areas where traders look for support and
resistance and this stuff is very popular at the moment with traders so there is
where you need to be. It is with all these levels, classic pivots, Camarilla etc
they work because lots of traders use them. This subject on the market
profile I believe is first described by: http://www.profiletrading.com/book.htm
To find the VA (value area) you need to step
through the entire price range of the day and find how much volume is
traded within a certain price interval / step. This is a very time
consuming process and to my knowledge Amibroker's AFL language is not
very suitable for these type of calculation. Because in Amibroker arrays by
default span the entire data range and for these type of calculations you need
to be able to define smaller arrays and be able to do array based operations on
them.
regards, Ed
----- Original Message -----
Sent: Monday, October 12, 2009 11:38
PM
Subject: Re: [amibroker] Market profile,
Value Area, POC etc
Ed --
I'm just returning
from, Investopedia.com, EliteTrader.com, or AmiBroker Help.
So, I give up. What are Value Area and POC?
Thanks,
--
Keith
Edward Pottasch wrote:
Keith, no started this today. Wanted to know if
somebody programmed the market profile (POC and VA) in Amibroker
Formula Language (AFL). I found some code and done some myself but this is
real slow. Link to existing code on inditrader.com board I posted in a later
post.
regards, Ed
-----
Original Message -----
Sent:
Monday, October 12, 2009 7:55 PM
Subject:
Re: [amibroker] Market profile, Value Area, POC etc
Ed --
It looks to me as
if you are continuing a discussion regarding some AFL. But you
changed the Subject name, and deleted any previous posting from your
posting.
So, in light of the above, when you ask, "anyone managed to program this in AFL or a plugin?",
what in h... AFL are you talking about?
--
Keith
Edward Pottasch wrote:
hi,
anyone managed to program this in AFL or a
plugin? There are several AFL's on the net that basicly are designed to
display the last few days. I am interested in code that generates the
upper/lower value area and POC for backtesting purposes. But it
seems you need some clever programming to make this
usable else it will be very slow. The code I found sofar is slow indeed
and I can't come up with something smart either. Try loading 2 years of
5 minute data and AB locks up completely. Camarilla is a nice substitute
but as I read somewhere "Camarilla is the poor man's Market
Profile",
regards, Ed
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