When price action is tilted, the volume will reflect that. When you get 0% on other side, there is a problem with program structure.
Computations are within price range that contains volume, so 15% of volume can never be zero. If volume is tilted to higher prices, then it will take mire price ranges to accumulate the 15% on the low price side than on the high price side. Alternately, Tomasz is planning on providing volume based MP on version 5.0. I assume it is still in the plans. ----- Original Message ----- From: "eric tao" <[EMAIL PROTECTED]> To: <[email protected]> Sent: Friday, July 06, 2007 2:24 PM Subject: [amibroker] Re: volume based MP > Ara, I'm afraid it's not right approach. we use volume based MP to > find trading range and the price action bias. there are times when the > weight is tilted to lower or upper side of the price action and cause > other side to be 0%. I remember it's called a buyer/seller market. > Is there anyone actually wrote mp indicator? > > > --- In [email protected], "Ara Kaloustian" <[EMAIL PROTECTED]> wrote: >> >> 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" <ara1@> 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" <erichtao@> >> >> 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 >> > >> > >> > >> > > > > > 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 > > >
