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Problem Calculating Value Area For Market Profile
Posted: Mon Dec 06, 2004 5:33 pm
by goldorak
If I were you, I would perhaps consider two value areas and look for 70% around both pics. Just an idea like that... ;-)
Problem Calculating Value Area For Market Profile
Posted: Mon Dec 06, 2004 5:56 pm
by opmtrader
Thanks goldorak. That is my inclination. I'm going to do a more comprehensive exploration of all the plots to see if this condition is prevalent. If it is I will come up with some multiple peak recognition code. This project keeps getting pushed to the backburner as other things keep making their way to the forefront. I have a feeling it will not be all that profitable but we will see.
Problem Calculating Value Area For Market Profile
Posted: Fri Nov 16, 2007 3:59 pm
by tptspecial
Hello opmtrader,
I was asked by my "pit trader boss" to convert some of his old ideas using market profile. So i read up on it and quickly wrote the code to construct the market profile (in matlab of course). I immediately ran into the eact same problem that you describe here. Was the problem solved. Is it possible for you to share the code ??
Thanks,
tpt