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Value Area is ONE Standard deviation above mean
and ONE standard deviation below mean.
1+1=2 Standard deviations.
Regards,
Isaac
-----Original Message-----
From: fpi@xxxxxxxxxxxx [mailto:fpi@xxxxxxxxxxxx]
Sent: Thursday, July 22, 1999 7:34 PM
To: omega-list@xxxxxxxxxx
Subject: RE: MarketProfile
At 03:53 PM 07/22/1999 -0400, you wrote:
The Value Area is ONE standard deviation, not 2.
Best,
FPI
Charles:
>I believe you are talking about VALUE AREA.
>(VALUE AREA is defined as 2 standard deviations
>or 68% where price of commodity trades,)
>
>When you compare Previous day VALUE AREA
>to present day VALUE AREA, a move above VALUE AREA
>is considered initiated by buyer, and trading below
>VALUE AREA is initated by seller.
>
>Isaac
>
>
>-----Original Message-----
>From: charles meyer [mailto:chmeyer@xxxxxxxx]
>Sent: Thursday, July 22, 1999 3:27 PM
>To: N.Hernandez; omega-list@xxxxxxxxxx
>Subject: Re: MarketProfile
>
>
>Issac:
>
>And even Steidelmayer talks about the process as being
>able to recognize when price has spend either not
>enough time or too much time at a given level of price.
>
>Charles
>-----Original Message-----
>From: N.Hernandez <cable911@xxxxxxxxxxxxx>
>To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
>Date: Thursday, July 22, 1999 1:01 PM
>Subject: RE: MarketProfile
>
>
>>Market Profile is a frequency distribution
>>of intraday price movement but it uses time,
>>rather than volume as it's independant variable.
>>
>>When this data is plotted on a chart it usually forms a bell curve.
>>you simply by at lower price end of bell curve and sell at higher end.
>>
>>With proper studying, traders are able to identify
>>market participants by timeframe and patterns of trading.
>>
>>In essence, you start to think like a floor trader.
>>
>>Hope this helps.
>>
>>Isaac
>>
>>
>>-----Original Message-----
>>From: jdfo [mailto:jdfo@xxxxxxxxx]
>>Sent: Thursday, July 22, 1999 10:37 AM
>>To: Omega List
>>Cc: Real Traders
>>Subject: MarketProfile
>>
>>
>>Recently several people have submitted codes for Market Profile. What is
>>the attraction here? And what submitted code actually can be installed in
>>Trade Station. Does this tool really provide assistance in day trading
and
>>if so, on what markets?
>>
>>If it is helpful, will someone provide a working code so I and others can
>>install it in Trade Station.
>>
>>Many thanks,
>>
>>John
>>
>>
>
>
>
>
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