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Re: [EquisMetaStock Group] VAP (volume at price) indicator



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Getting more bars to display is possible but I think the structure of my
indicator is wrong for what you want. To get more bars the construction of
each bar needs to be simpler. Seeing how you use it has given me food for
thought for further development.

Roy

----- Original Message ----- 
From: "le corbeaux masque" <lecorbeauxmasque7@xxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Monday, August 25, 2003 10:18 AM
Subject: Re: [EquisMetaStock Group] VAP (volume at price) indicator


> thanks roy,
>
> well here's how i use it (see attached file)
> first we're looking for a market that has already been
> somewhat extended and that has already started a pull
> back whose debt we're trying to estimate.
>
> as an example let's use last week's nasdaq run :
> the chart shows the cme:es03u+globex contract,30min
> chart
>
> as you can see from the chart i started the VAP
> at the bottom of the trend (1210)
> the we're observing the VAP and looking for "valley"
> and "peak"
>
> as a rule (and contrary to comon beleif) "valley" are
> aera of strong s/r  ; we're watching for one to be
> broken to enter a trade in the direction of the ST
> trend
>
> for instance a break below the lower pink line (pink :
> intermediate valley=weaker support) will trigger a
> short with a target into the lower yellow line (strong
> support) ect...
>
> thanks for the code you send me, at first it seems to
> correspond to what i'm looking for,except that to
> better identify "valley" and "peaks" i need more
> volume bar to be displayed : it's getting late in
> europe so i'll try to go thru your code tommarow to
> see if i can't add some more horizontal bars
> into it
>
> appart from that, this VAP of yours seems even more
> friendly and easy to use than the one from qchart....
> thank you very much
>
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