Ed --
Thank you very much for both your explanations and the links. I check
them out.
-- Keith
Edward Pottasch wrote:
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
<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
<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 <mailto:[email protected]>
*To:* [email protected] <mailto:[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 <mailto:[email protected]>
*To:* [email protected]
<mailto:[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
