My understanding is that you take the day's (week, month or whatever time frame you want) entire volume, then do 2 calculations:
1. start adding the volume at each price (starting from highest price) until the volume equals 15% of your total volume. That's your upper VA 2. Repeat for volumes starting at the lowest price. The value area will contain 70% of the days total volume. ----- Original Message ----- From: "eric tao" <[EMAIL PROTECTED]> To: <[email protected]> Sent: Friday, July 06, 2007 11:37 AM Subject: [amibroker] Re: volume based MP > "cumulative volume" > could you elaborate on that? > did you mean adding up all volume for specific price point? > > Eric > > --- In [email protected], "Ara Kaloustian" <[EMAIL PROTECTED]> wrote: >> >> for value area you need to look at cumulative volume - not just > volume bars. >> >> 30% and 70% of total volume are the value area points >> >> ----- Original Message ----- >> From: "eric tao" <[EMAIL PROTECTED]> >> To: <[email protected]> >> Sent: Thursday, July 05, 2007 11:00 AM >> Subject: [amibroker] volume based MP >> >> >> > Hi Guys, >> > >> > I'm trying to calculate volume based daily Market Profile. Is this the >> > right way to calculate Value area for volume base MP? >> > >> > CP is the highest volume price point. >> > for VA, I compare the volume of each price around CP, pick the higher >> > volume from each pair until the accumulated volume is greater for >> > equal to 70 percent of the day's total volume. >> > >> > Thank you. >> > >> > >> > >> > >> > >> > Please note that this group is for discussion between users only. >> > >> > To get support from AmiBroker please send an e-mail directly to >> > SUPPORT {at} amibroker.com >> > >> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: >> > http://www.amibroker.com/devlog/ >> > >> > For other support material please check also: >> > http://www.amibroker.com/support.html >> > >> > Yahoo! Groups Links >> > >> > >> > >> > > > > > Please note that this group is for discussion between users only. > > To get support from AmiBroker please send an e-mail directly to > SUPPORT {at} amibroker.com > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroker.com/devlog/ > > For other support material please check also: > http://www.amibroker.com/support.html > > Yahoo! Groups Links > > >
