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Re: [RT] Fw: Price Distribution Histogram



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I could't do it. The array is giving me problems. 

 
I recommend Bob Fulks , Clyde Lee,  Gary 
Fritz. I don't know if they belong to this group.
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  tv 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, January 17, 2002 11:42 
  AM
  Subject: Re: [RT] Fw: Price Distribution 
  Histogram
  
  That code won't work in Ts4. I will try to recode 
  to ts4 after the close. With the autor's permission if possible.
   
   
  God Bless America
   
  tv
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    <A title=bobrabcd@xxxxxxxxxxxxx 
    href="mailto:bobrabcd@xxxxxxxxxxxxx";>BobR 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Thursday, January 17, 2002 8:18 
    AM
    Subject: Re: [RT] Fw: Price 
    Distribution Histogram
    It should work on any market.  I ran into that error 
    the first time I ran itand can only remember looking at max bars and 
    also the number of days in thechart window.  For one tick bars I 
    set the # of days to 2, the minimum forTS.  Also I made the 
    EveryMins and MinsBack inputs to be the same.  Don'tthink I changed 
    anything else other than the Time1 and Time2 to match mydata.  You 
    might try changing the Make Date1(0) input so it only plots onthe 
    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 
    AMSubject: 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 
    generalconcepts.> If you want to add some color and other 
    indicators such as a movingaverage> 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 minutesettings> 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 
    somethingabout> > the population of prices and agreement on 
    value.  Trending breakoutsoccur> > 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 
    andyou> > 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 asit> is> 
    > also called.> >> > 5. The distributions appear to 
    have a fractal nature that occurs whenthe> > sample time is 
    short like 15 or 30 or 60 minutes or even daily. Soduring> > 
    the day you may perceive a clue as to the personality for the 
    entireday.> >> > 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 
    valueat> > 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 oscillatingor> > 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 eachTL> > 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.  Thisis> > > > 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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