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roy&al if it can help :
the logic behing the VAP
a/ spots horizontal S/R : as defines by aera of lower
price distribution (sharp peaks as opposed to
congestion zone)
b/contrarian indicator ; it assumes that the least
possible amount of people will get into the train
at the lowest possible price (b4 a reversal).
equally it assumes the least possible amount of people
will recognize a sharp peak as the top it is
(hence lower volume there) : thus as a consequence
one can expect to have less bars (fewer horizontal
congestion) at/arround an interesting entry/exit price
and also that these bars will exihibt a very small
volume AS COMPARED TO THERE LENGHT.
--- le corbeaux masque <lecorbeauxmasque7@xxxxxxxxx>
wrote:
>
> roy thanks for your time, your ideas...
>
> this code gives indeed better results than the first
> one, it also fare exeeds my knowledge of MS language
> :
> im trying to read it but i can hardly be of any
> help...
>
> just keep one below your charts on occasion, i think
> it s a good indicator, let me know
>
> in the mean time ill try to look into your code to
> see
> if i can somehow bring more volume bars into it
>
> thanks again
>
>
>
> --- Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
> > Here's a 20 bar version. Getting more bars starts
> > getting difficult from
> > this point on. Not impossible definitely more
> > difficult. In this example the
> > 3 borders have been commented out. The "K"
> variable
> > has been introduced to
> > keep the number of constants to <= 40.
> >
> > Roy
> >
> > {Volume By Price 20-C}
> > D:=Input("Periods, 0=Full Chart",0,2000,150);
> > N:=Input("Scaling Factor",1,20,4);
> > D:=LastValue(If(D=0,LastValue(Cum(1)-1),D));
> > F:=LastValue(Cum(1));
> > A:=F-D<Cum(1);
> > B:=LastValue(Cum(If(A,V,0)));
> > Q:=LastValue(HighestSince(1,A=0,C));
> > R:=LastValue(LowestSince(1,A=0,C));
> > I:=(Q-R)/20; K:=.5;
> > X:=LastValue(Cum(If(C<(R+I) AND A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*K);
> > X:=LastValue(Cum(If(C>=(R+I) AND C<(R+I*2) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*3*K);
> > X:=LastValue(Cum(If(C>=(R+I*2) AND C<(R+I*3) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*5*K);
> > X:=LastValue(Cum(If(C>=(R+I*3) AND C<(R+I*4) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*7*K);
> > X:=LastValue(Cum(If(C>=(R+I*4) AND C<(R+I*5) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*9*K);
> > X:=LastValue(Cum(If(C>=(R+I*5) AND C<(R+I*6) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*5.5);
> > X:=LastValue(Cum(If(C>=(R+I*6) AND C<(R+I*7) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*6.5);
> > X:=LastValue(Cum(If(C>=(R+I*7) AND C<(R+I*8) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*7.5);
> > X:=LastValue(Cum(If(C>=(R+I*8) AND C<(R+I*9) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*8.5);
> > X:=LastValue(Cum(If(C>=(R+I*9) AND C<(R+I*10) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*9.5);
> > X:=LastValue(Cum(If(C>=(R+I*10) AND C<(R+I*11) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*10.5);
> > X:=LastValue(Cum(If(C>=(R+I*11) AND C<(R+I*12) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*11.5);
> > X:=LastValue(Cum(If(C>=(R+I*12) AND C<(R+I*13) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*12.5);
> > X:=LastValue(Cum(If(C>=(R+I*13) AND C<(R+I*14) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*13.5);
> > X:=LastValue(Cum(If(C>=(R+I*14) AND C<(R+I*15) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*14.5);
> > X:=LastValue(Cum(If(C>=(R+I*15) AND C<(R+I*16) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*15.5);
> > X:=LastValue(Cum(If(C>=(R+I*16) AND C<(R+I*17) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*16.5);
> > X:=LastValue(Cum(If(C>=(R+I*17) AND C<(R+I*18) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*17.5);
> > X:=LastValue(Cum(If(C>=(R+I*18) AND C<(R+I*19) AND
> > A,V,0))/B);
> > ValueWhen(1,F-X*D*N<Cum(1),R+I*18.5);
> > X:=LastValue(Cum(If(C>=(R+I*19) AND A,V,0))/B);
> > ValueWhen(1,F-Int(X*D*N)=Cum(1),R+I*19.5);
> > {ValueWhen(1,F-D=Cum(1),Q);
> > ValueWhen(1,F-D<=Cum(1) AND
> > F-D>Cum(1)-2,If(A,R,Q));}
> >
> >
> > ----- 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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> > >
> > >
> > >
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> > >
> >
> >
> >
> >
>
>
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