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wysiwyg, AB has built in formulas for that
Amibroker - Useful Scans and Code
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Wysiwyg
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Yes, thanks GB. I wanted to plot the area of highest VAP in a transparent rectangle shape extending before and after last chart quote.
Wysiwyg
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Like this.
tech/a
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In the example above
How would you use it in analysis
What strategy is behind it!
Price doesn't seem to return to the area?
I understand Stadelmayer but you really need
Market Profile Software
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Maybe try looking at z-order, so that you can plot it behind the price bars.
https://www.amibroker.com/guide/h_zorder.html
The transparency of the rectangle fill color I think has to do with the RGB values.
Other than that, you might want to look at GFX functions, but I think that's harder to program and I don't know anything about it.
Wysiwyg
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Simply zones of interest but I do realise that it is look back dependent and thus subjective.
I have not read a great deal but the gist of my pursuit was to plot bullish/bearish volume in defined price ranges. The price ranges as I explained in my first post. How much bullish and how much bearish volume occurred. The plot would only show in the defined zone that the last closing price is in. E.g.
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This is a nice code. Avail on wisestocktrader.
Anderson Wilson also has a newer VAP code in the library (recent entry) with bullish/bearish volume.
Anderson Wilson also has a newer VAP code in the library (recent entry) with bullish/bearish volume.
Wysiwyg
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Thanks GB.
tech/a
No Ordinary Duck
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Seriously guys
How do you apply this to a trading strategy.
It just looks like typical Technical mumbo jumbo.
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I don't use it myself because I could never see any repeating patterns. Ask Canoz, he uses VAP a lot and obviously has a set up that he finds useful.
When I said it was a nice code, I meant visually.
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tech/a
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The whole idea is that price tends to rotate toward or back to value areas.
You don't need a chart to graphically display that.
You just need good data and good data evaluation software to validate.
You don't need a chart to graphically display that.
You just need good data and good data evaluation software to validate.
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Oh ok. Why did you ask then?
tech/a
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Because I wanted to know how Wysi intended to use it.
Zones of interest ----- which is similar to the accepted way of using the analysis (Value areas where most volume takes place).
Similar to plotting zones of support and or resistance. (Trade guider)
You can throw in high volume zones or clusters (Days or a week).( A fav of mine )
lots of theories.
Rectangles are simply another zone----- consolidation--- Darvas.
Personally I think we need to anticipate when its likely to leave these zones/clusters and in which direction.
Its a science of its own.
CanOz
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Market and volume profile are used for context....it's works with any analysis because it is the visual representation of the auction process tech. Don't knock it until you've tried it.
Most professional traders I know use it with the order book or now, book maps to decide when to get involved. They only use charts to see where retail punters are trapped.
The volume weighted avergage price channels work better than any moving average and they also provide great context.
tech/a
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Don't think I'm knocking it?
CanOz
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No, your not Tech, my apologies...i gave a read that was too quick.
Lots of strategies from context developed from Market/Volume profile. Its hard to code apparently, I had Ceasar Alvarez have a go and he bowed out. I also had a freelance coder try and code a strategy from the VAP indicator and she couldn't do it....
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Did you check Anderson Wilson's code? I can't post here 'cause it's in the library.
trash's blog also has it.
CanOz
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No, but i'll check it out thanks GB.
Geez GB, how do i get rid of the VWAP now that is on the chart?
Wysiwyg
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I don't intend to use that type of chart tech/a.
You're right tech/a.
I would tell more but the monkey on my back uses the info. against me (don't ask what I mean there just believe me it happens). Everyone is looking for an edge or a new edge they would use.
With the zones of interest, the idea of plotting and observing parameterised volume/price zones is another venture into the rabbit hole (of trading) for me. Specifically, I wanted to plot the areas in present time where price and volume were out of the ordinary from the historical data. How far back in time does the market memory stretch? As you know the VAP plot is lookback dependent Can't find a formula for it. How is it calculated? In my custom zones present time, how does the P/V behave?
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