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Also note that even though it came as a .ELA Gregory said it had been
created and run in TS2000 and changes might be needed for TS4. I am running
it in TS2000 and have not tested it in TS4.
bob
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 17, 2002 5:18 AM
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.
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > >
> > > > >
> > > > >
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> > > > >
> > > >
> > > >
> > > >
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> > > >
> > > >
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> > >
> > >
> > >
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