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TOPIC: Initial Balance, Value Area, and Point of Control

Initial Balance, Value Area, and Point of Control 02 Nov 2010 11:04 #1

  • Hdg4370
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Danny,
I'm sure it would be relatively easy for you to make an indicator showing the Initial Balance areas of the day session (30 minute and 60 minute opening ranges). But what would be really helpful would be to have the day sessions DEVELOPING Point of Control (price where most of the volume occured)and Value Area (price area where 70% of the volume occured) - and to have the POC and VA values change as it develops during the day. Do you think this would be possible - not necessarily as a vertical histogram but as markers that would show on a bar or candle chart?
Thank-you,
David
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Re: Initial Balance, Value Area, and Point of Control 02 Nov 2010 15:10 #2

  • eDanny
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I'll have a look at it when I have a chance. Thanks
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The following user(s) said Thank You: Ramin Rostami

Re: Initial Balance, Value Area, and Point of Control 02 Jan 2011 21:25 #3

  • lasolas
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In Ninja7 idicators there is one dValue area which does all this and it is free. I use it and it does the job.
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