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to be fully accurate there's a little difference
between the code you send me and the original VAp
as you can see by the attached charts,
levels don't match exacly,
this of course is due to the fact that the original
VAp "works" as fellows :
for a given "bar" of price
it divides the bar's volume by total range (v/(h-l))
and assignes the result (the bar's average traded
volume per point) for each of the price point of the
bar
eg : for a single 5 point [from $95 to $100] bar with
1000 share traded value would be
$95 : 200share
$96 : 200share
ect...
i belive your code assignes the volume value to the
bar's closing price
this changes a little the aspect of the VAp
and the price value of the target zone :
frankly i need more time to know how big a problem the
first one is,
as fare as the 2nd problem is concerned it can easely
be corrected by manualy correcting the S/R levels
given by your code to adjust it for the high
of the "spoted" bar.
see atached chart
(today's 10 min dow future contract, the traditional
Vap gives 9386 as a target if 9360 is broken
and 9265 (could be stretched to 9230) if 9320
is broken)
thanks again,
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