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Glad I'm not the only one with a problem. Have tried changing aray sizes,
but it still won't work!
----- Original Message -----
From: "Jeffrey Harteam" <jharteam@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 17, 2002 1:04 PM
Subject: RE: [RT] Fw: Price Distribution Histogram
> Greetings Bob:
>
> Does it work on other markets besides the SP. I tried out the SP and they
> show up on the chart. But with other markets, either they don't show up or
> saying that "the study attempts to reference data pass the bounds of the
> array". Regards
>
> Have a good one
> Jeff Harteam
> Hong Kong
>
> -----Original Message-----
> From: BobR [mailto:bobrabcd@xxxxxxxxxxxxx]
> Sent: Thursday, January 17, 2002 8:19 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Fw: Price Distribution Histogram
>
>
> You might also add a one tick chart with the EveryMins and MinsBack set to
> 30. That will provide a 30 minute distribution of all the ticks for that
> period. Infact such a chart is quite illustrative of the general
concepts.
> If you want to add some color and other indicators such as a moving
average
> try Clyde's version of the T3Average or an exponential or an adaptive type
> if you have one. Attached is another example illustrating the concepts
> described below. What you have here is a probability tool based on price
> distribution.
>
> If you are plotting a futures that ends at 16:15 and use 15 minute
settings
> then the PDH will catch the last 15 minutes. If you use any time longer
> like 30 minutes then the last 15 won't be included in the PDH.
>
> have fun today!
> bobr
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, January 17, 2002 3:50 AM
> Subject: Re: [RT] Fw: Price Distribution Histogram
>
>
> > There are several things to look for:
> > 1. Shape of the distribution, is it "normally distributed" or skewed,
i.e.
> > does it have a bearish or bullish skew where the long TL is not in the
> > center of the H - L but nearer one end of the price bar.
> >
> > 2. Is the full width half maximum of the distribution wide or narrow,
i.e.
> > is the distrubution "box" height tall or short. This says something
about
> > the population of prices and agreement on value. Trending breakouts
occur
> > easier from narrow distributions. They are a decision point like a
> > contracting triangle.
> >
> > 3. Note how the different periods of the day have different character.
> The
> > market profilers have been accustomed to using 30 minute profiles and
you
> > will often see reversals around the top and bottom of the hour in the
> > morning where price bounces off of the tails and returns to within the
> > distribution boxes. Tails are the low populations above and below the 1
> std
> > dev distribution box. Wednesday had a trending break in the AM, followed
> by
> > lots of rotation, followed by a trending break. It would be useful to
> keep
> > several charts in different time frames running. I would recommend
> keeping
> > a daily with 390 min for stocks and 405 for futures as well as a 30
> minute.
> > Scalpers may want to use shorter times like 15 minutes.
> >
> > 4. Watch for a break of one edge of the distribution box as that may be
> the
> > ending of rotation and the beginning of trend or price facilitation as
it
> is
> > also called.
> >
> > 5. The distributions appear to have a fractal nature that occurs when
the
> > sample time is short like 15 or 30 or 60 minutes or even daily. So
during
> > the day you may perceive a clue as to the personality for the entire
day.
> >
> > 6. Value area boundaries(top and bottom of the dist box) may become
> support
> > and resistance later in the day because they were a consensus of value
at
> > one time and thus were the origin of longs or shorts and thus become
> > stoploss and target points for day trades.
> >
> > 7. One key is to think in terms of rotation, i.e. is price oscillating
or
> > building along one of the TL's. Is it breaking out and making a run
> leaving
> > a trail of short TL's in its wake? Watch for a TL to start growing
> meaning
> > price is consolidating.
> >
> >
> > It would be generous if Gregory or Clyde could code something like the
> > rotation and trade facilitation indexes to use with this novel tool.
> >
> > Hope that helps,
> >
> > bobr
> >
> >
> >
> >
> > ----- Original Message -----
> > From: "snptrader1" <snptrader1@xxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, January 16, 2002 8:40 PM
> > Subject: Re: [RT] Fw: Price Distribution Histogram
> >
> >
> > > Could you explain exactly what it is we should be looking for or how
> best
> > to
> > > use this indicator in RT? (I've never done any market profile work)
> > > Thanks-
> > > Steve
> > > ----- Original Message -----
> > > From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Wednesday, January 16, 2002 8:55 PM
> > > Subject: Re: [RT] Fw: Price Distribution Histogram
> > >
> > >
> > > > Just a followup on the GWPD(Gregory Woods Price Distribution)....It
> > really
> > > > does run on one tick bars. Here is a chart set for 30 minutes
> > > distribution
> > > > on both of the time inputs. A data window shows the prices of each
TL
> > and
> > > > most important the longest TL in cyan. Note where the short at
> > > > 12:26(pacific time) started, within one TL of the longest TL. This
is
> > > > pretty amazing. Kinda shows there are some people or computers out
> > there
> > > > that are finely tuned to this stuff. A chart like this in realtime
> > should
> > > > help reading price distributions for bullishness or bearishness or
> > > > consolidations.
> > > >
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
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> > > >
> > > >
> > > >
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> > > >
> > >
> > >
> > >
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> > >
> > >
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> > >
> >
> >
> >
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> >
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