Value Area

[JT47319]

Has anyone developed this study? Its part of the Market Profile trading system, and it would be nice if something could be developed that would plot the high and low value lines on an intraday chart, the values being where 70% of the previous day's volume took place.

[TURLIES]

Hi,
Check out the Volume Profile studies developed by Chris Kryza (File Sharing - Speciality Scripts - Volume Profile Studies) - i'm sure these calculate the Value Area of Volume. Theres also some other excellent scripts on his site.

Paul