Calculate Value Area - histogram

[JOHNF1]

Timeframe

Can you this be used on Tick charts?

[Pepperdog]

Has this indicator ever been modified to allow user defined start and stop periods? I may decide to code this but my programming skills are pretty crude.

Unfortunately without this function, I would tend to think it has only limited usefulness... but I'd be happy to hear otherwise.

[whitegun]

Hello Ben,

I wanted to try this indicator on forex (EURUSD), I am with MB trading so I have tick volume and it should theoreticly work but I get the following error on the chart: Array out of bounds Cannot display histo data above 1.25449 price level. HIT F5 to re-inizialize.
If I Hit F5 nothing happens.

Thanks

[sbgtrading]

Hi Whitegun...there is a limitation with the indicator, it does not handle wide ranges of price. I think there's a limit of somewhere near 1,000 ticks of range. Anything over that amount and the indicator will not produce output.

Ben

Hello Ben,

I wanted to try this indicator on forex (EURUSD), I am with MB trading so I have tick volume and it should theoreticly work but I get the following error on the chart: Array out of bounds Cannot display histo data above 1.25449 price level. HIT F5 to re-inizialize.
If I Hit F5 nothing happens.

Thanks

[Jason108]

Hey Ben

Thanks for the indicator. Will you update it to remove the 1000 tick limit? thanks!

Best,
Jason

[stocastix]

MpValues indicator and its use

I tried installing this indicator and read papers on its use etc.

I am trying on ES Dec contract on a 30 min chart.

The value area is so narrow and the prices are shown swinging on either end far away from the value area. Is this how this is supposed to be?
How does one use this? Is it working correctly? Am i using the right chart timeframes?

[stocastix]

CalculateValueArea and MPValues

I tried installing this indicator and read papers on its use etc.

I am trying on ES Dec contract on a 30 min chart.

The value area is so narrow and the prices are shown swinging on either end far away from the value area. Is this how this is supposed to be?
How does one use this? Is it working correctly? Am i using the right chart timeframes?

I downloaded both MPValues and CalculateValueArea and I think the latter works correctly for me while the former doesn't. In the latter the value area seems correct and is a wide band but in the former it is squished and doesnt cover much ground at all.

[deanz]

nice indicator

Ben thank you for posting your indicator and explaining the way it calculates.

I do have a request would it be too much to ask to add an on chart Value of the POC point, so we could Compare one days Max volume level to another day. I am not sure where where would be the best place to display it, on the right tip of the POC, or the left side/base of the histogram, or maybe top left of the chart ? The ultimate might be if it was possible to show the other levels in the data window when the mouse is moved up and down but I don't really know if that is practical/possible.


I noticed while I resize/shrink the height of a chart to fit one chart on top of another some of the histogram bars disappear then reappear. Is is easiest to notice when either in VOC profile when viewing bars at a usable zoom, or Max zoomed Out in any profile mode.

regards,

Dean.

[sbgtrading]

New version of indicator

Hello everyone!

I've made a new version of this indicator for your review.

Two changes have been made:

1) The number of minutes the profile calculates on is a parameter input. No longer is the profile based only on the viewable bars. You can have a 3 hour profile and show only the last 20 minutes of bars on your chart. See the screenshots.

2) The numerical values of the POC is shown in a user selectable location on the chart.

Let me know if you have any questions!

Enjoy,

http://img154.imageshack.us/img154/5963/25hrprofilebetween730amae5.png

http://img132.imageshack.us/img132/8051/25hrprofilebetween330amtd2.png

http://img132.imageshack.us/img132/6941/2hrprofilebetween8amandbw9.png

[alexmaster]

I've made a new version of this indicator for your review.

Hi, sbgtrading, good job! Nice to see this.

But can You add some addition to this indicator? Can You make it looks like MP Profile (without xyzABCD... letters - only volume is needed)? I mean to print all this volume histogramms (all tick volumes summ for each price) by every hour/minute/dome minutes/day etc, as i mention on this screenshoot.



You will be the best NT volume master if You'll do it.

[T2020]

It appears this is still a cumulative indicator . So if you set it to 30 minutes,
every minute or so the look back moves forward a bit ? I'm I understanding it
right ? thx

PS . I'd have to second Alexmasters suggestion though .

[FXSurfer]

I've made a new version of this indicator for your review.

Thanks for sharing it!

Works really well!

Good Trading To You,
Brent

[NinjaTrader_Bertrand]

Thanks for posting your updated version Ben!

[rt-trader]

Hi Ben,

I am making good use of this indicator - thanks very much for making it available.

I set it up on a day session 1 minute ES chart with a MinutesForMP parameter of 405 so it shows the complete days development.

To make it even more useful I was wondering if you would be able to modify the code so that it could show n previous sessions where n is a parameter.

Thanks again...

[deanz]

DeanV has kindly modified this indicator to plot a Daily Session and back into History:

http://www.ninjatrader-support2.com/vb/local_links_search.php?action=show&literal=1&search=dValueArea+&desc=1&keys=1