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Thanks Bob, will try it out..Regrds
-----Original Message-----
From: BobR [mailto:bobrabcd@xxxxxxxxxxxxx]
Sent: Thursday, January 17, 2002 9:19 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Fw: Price Distribution Histogram
It should work on any market. I ran into that error the first time I ran it
and can only remember looking at max bars and also the number of days in the
chart window. For one tick bars I set the # of days to 2, the minimum for
TS. Also I made the EveryMins and MinsBack inputs to be the same. Don't
think I changed anything else other than the Time1 and Time2 to match my
data. You might try changing the Make Date1(0) input so it only plots on
the current day, i.e. Date(1). Date(0) will plot for all days.
bob
----- Original Message -----
From: "Jeffrey Harteam" <jharteam@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 17, 2002 5:04 AM
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.
> > > >
> > > >
> > > >
> > > >
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> > > >
> > > >
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> > >
> > >
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