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Re : ATI_ELA code help for Value Area



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Dans un courrier daté du 16/05/98 04:39:20  , vous avez écrit :

<<  recently came across the concept of using a Value Area as a basis for
 trading. This sounds similar to a Market Profile concept. I would like to
 program this or have suggestions as to how the concept could be coded in TS.
 Concept is as follows:
   The Value area is defined as the range of PRICES (bands) where 70 percent
 of yesterdays VOLUME (tick volume) takes place.
    The resultant values are calculated on yesterdays data and the bands
 graphed on todays.
    This is not as simple as looking at the price points that occur at the
 15% and 85% increments (that is 70% in the middle). I've tried that. Looking
 at the chart, this is obviously not correct.
    I have struggled with this one for a while without success. Any help in
 the form of code or with just how to relate the price and volume properly
 would be much appreciated.
   Karl  kschr@xxxxxxxxxxx
  >>

This concept (volume area) is also available in our Market Profile
Professional Package, and an user function allows you to use this in any
indicator or trading system.
Needs TradeStation 4 build 19.6 or above.

See :
http://www.sirtrade.com 
for more information.

Sincerely,

Pierre Orphelin