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roy your advice was fantastic :
i created 4 indicators, all identical to yours
but by each time using either O/H/L or MP()
instead of C : puting them all on the same chart gives
the exact VAP indicator as i knew it
thank you again,
--- Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
> le corbeaux masque
>
> It would be easy enough to do change my indicator to
> use MP() or Typical()
> instead of CLOSE.
>
> I have not attempted to assign logical price points
> to the extremes. This
> could be done if you only want to apply the
> indicator(s) to one chart but it
> is impractical for multiple charts.
>
> It would also be possible to add another indicator
> to give a total of 60
> bars.
>
> Some of the things that are not possible, or are at
> least very difficult,
> 1. Compressing the code to get more bars from one
> indicator. The ValueWhen()
> function takes up a lot of space but it is critical
> to controlling the
> length of each bar.
> 2. Getting the indicator "underneath" the bar chart.
> Not possible as far as
> I know.
> 3. Moving the display to the left side of the chart.
> I can see that this is
> desirable for you but it would not be for me. I load
> 1250 daily bars and the
> most relevant volume action is on the right side, so
> most of the time my
> indicator would be out of sight. There would also
> need to be a quite
> different structure to the indicator and, I suspect,
> more space would be
> required by the core variables.
>
> This is not an indicator that I would use (yet) for
> my trading. What I have
> tried to do is to show that this sort of indicator
> is possible with MS, and
> to give you some ideas on how you might approach the
> problem yourself.
>
> If it would be any help I could add comments to one
> of the indicators to
> make it easier to understand. From there you could
> work on your own
> improvements.
>
> Roy
>
> > 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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> >
> >
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> >
> >
>
>
>
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