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
