Yes, that would be the only reasonable way to use it. Best regards, Tomasz Janeczko amibroker.com ----- Original Message ----- From: "johncw_97" <[email protected]> To: <[email protected]> Sent: Tuesday, October 13, 2009 11:04 PM Subject: [amibroker] Re: Market profile, Value Area, POC etc
>I believe that many are using the previous seesion VA numbers to > current price. > i.e. something like this chart: > http://tinyurl.com/valuearea-png > > --- In [email protected], "Tomasz Janeczko" <gro...@...> wrote: >> >> The problem is that Market Profile by nature looks into the future (i.e. the >> bars displayed at the "beginning of the day" cover >> entire day going forward), >> so when trying to backtest this you will know at 9:30 what "all-day" levels >> are and you will be looking into the future that way. >> >> Best regards, >> Tomasz Janeczko >> amibroker.com >> ----- Original Message ----- >> From: Edward Pottasch >> To: [email protected] >> Sent: Tuesday, October 13, 2009 9:15 AM >> Subject: Re: [amibroker] Market profile, Value Area, POC etc >> >> >> >> >> >> to elaborate a bit on this (maybe Tomasz Janeczko is reading and I know >> this stuff is planned to be added to Amibroker) >> personally I am most interested to be able to access levels to be able to do >> backtesting. >> >> For instance the chart below shows intraday Camarilla levels that can be >> used for support and resistance and I can test >> stratigies to use them for trading. So you want to be able to define the >> time interval you want to derive the "market profile" >> from and expand the resulting data to the timeframe in which you like to use >> these "market profile" levels for trading. Levels >> are: >> >> POC >> VAH >> VAL >> >> etc., see site found by Reinsly: >> http://www.trading-naked.com/MarketProfile.htm >> >> rgds, Ed >> >> >> >> >> >> >> >> >> ----- Original Message ----- >> From: Edward Pottasch >> To: [email protected] >> Sent: Tuesday, October 13, 2009 8:53 AM >> Subject: Re: [amibroker] Market profile, Value Area, POC etc >> >> >> >> >> Keith, >> >> pretty simple. The value area is the price range where in 70% of the >> volume is traded and the point of control the price >> interval / step at which the most volume is traded that day. >> >> here an example chart: >> http://www.enthios.com/blogs/images/EE%202008-03-11-0609.png >> >> it are areas where traders look for support and resistance and this >> stuff is very popular at the moment with traders so there >> is where you need to be. It is with all these levels, classic pivots, >> Camarilla etc they work because lots of traders use them. >> This subject on the market profile I believe is first described by: >> http://www.profiletrading.com/book.htm >> >> To find the VA (value area) you need to step through the entire price >> range of the day and find how much volume is traded >> within a certain price interval / step. This is a very time consuming >> process and to my knowledge Amibroker's AFL language is not >> very suitable for these type of calculation. Because in Amibroker arrays by >> default span the entire data range and for these type >> of calculations you need to be able to define smaller arrays and be able to >> do array based operations on them. >> >> regards, Ed >> >> >> >> ----- Original Message ----- >> From: Keith McCombs >> To: [email protected] >> Sent: Monday, October 12, 2009 11:38 PM >> Subject: Re: [amibroker] Market profile, Value Area, POC etc >> >> >> >> Ed -- >> I'm just returning from, Investopedia.com, EliteTrader.com, or >> AmiBroker Help. So, I give up. What are Value Area and >> POC? >> >> Thanks, >> -- Keith >> >> Edward Pottasch wrote: >> >> >> >> Keith, no started this today. Wanted to know if somebody programmed >> the market profile (POC and VA) in Amibroker Formula >> Language (AFL). I found some code and done some myself but this is real >> slow. Link to existing code on inditrader.com board I >> posted in a later post. >> >> regards, Ed >> >> >> ----- Original Message ----- >> From: Keith McCombs >> To: [email protected] >> Sent: Monday, October 12, 2009 7:55 PM >> Subject: Re: [amibroker] Market profile, Value Area, POC etc >> >> >> >> Ed -- >> It looks to me as if you are continuing a discussion regarding >> some AFL. But you changed the Subject name, and deleted >> any previous posting from your posting. >> >> So, in light of the above, when you ask, "anyone managed to >> program this in AFL or a plugin?", what in h... AFL are you >> talking about? >> -- Keith >> >> >> Edward Pottasch wrote: >> >> >> hi, >> >> anyone managed to program this in AFL or a plugin? There are >> several AFL's on the net that basicly are designed to >> display the last few days. I am interested in code that generates the >> upper/lower value area and POC for backtesting purposes. >> But it seems you need some clever programming to make this usable else it >> will be very slow. The code I found sofar is slow >> indeed and I can't come up with something smart either. Try loading 2 years >> of 5 minute data and AB locks up completely. >> Camarilla is a nice substitute but as I read somewhere "Camarilla is the >> poor man's Market Profile", >> >> regards, Ed >> > > > > > ------------------------------------ > > **** IMPORTANT PLEASE READ **** > This group is for the discussion between users only. > This is *NOT* technical support channel. > > TO GET TECHNICAL SUPPORT send an e-mail directly to > SUPPORT {at} amibroker.com > > TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at > http://www.amibroker.com/feedback/ > (submissions sent via other channels won't be considered) > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroker.com/devlog/ > > Yahoo! Groups Links > > >
