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Yes, that would be the only reasonable way to use it.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "johncw_97" <johncw_97@xxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, October 13, 2009 11:04 PM
Subject: [amibroker] Re: Market profile, Value Area, POC etc
>I believe that many are using the previous seesion VA numbers to
> current price.
> i.e. something like this chart:
> http://tinyurl.com/valuearea-png
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <groups@xxx> wrote:
>>
>> The problem is that Market Profile by nature looks into the future (i.e. the bars displayed at the "beginning of the day" cover
>> entire day going forward),
>> so when trying to backtest this you will know at 9:30 what "all-day" levels are and you will be looking into the future that way.
>>
>> Best regards,
>> Tomasz Janeczko
>> amibroker.com
>> ----- Original Message -----
>> From: Edward Pottasch
>> To: amibroker@xxxxxxxxxxxxxxx
>> Sent: Tuesday, October 13, 2009 9:15 AM
>> Subject: Re: [amibroker] Market profile, Value Area, POC etc
>>
>>
>>
>>
>>
>> to elaborate a bit on this (maybe Tomasz Janeczko is reading and I know this stuff is planned to be added to Amibroker)
>> personally I am most interested to be able to access levels to be able to do backtesting.
>>
>> For instance the chart below shows intraday Camarilla levels that can be used for support and resistance and I can test
>> stratigies to use them for trading. So you want to be able to define the time interval you want to derive the "market profile"
>> from and expand the resulting data to the timeframe in which you like to use these "market profile" levels for trading. Levels
>> are:
>>
>> POC
>> VAH
>> VAL
>>
>> etc., see site found by Reinsly: http://www.trading-naked.com/MarketProfile.htm
>>
>> rgds, Ed
>>
>>
>>
>>
>>
>>
>>
>>
>> ----- Original Message -----
>> From: Edward Pottasch
>> To: amibroker@xxxxxxxxxxxxxxx
>> Sent: Tuesday, October 13, 2009 8:53 AM
>> Subject: Re: [amibroker] Market profile, Value Area, POC etc
>>
>>
>>
>>
>> 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.
>>
>> here an example chart: http://www.enthios.com/blogs/images/EE%202008-03-11-0609.png
>>
>> 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 -----
>> From: Keith McCombs
>> To: amibroker@xxxxxxxxxxxxxxx
>> 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 -----
>> From: Keith McCombs
>> To: amibroker@xxxxxxxxxxxxxxx
>> 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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>
------------------------------------
**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
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