Jennifer

WinSum.... So I am not sure I understand what you are saying... Is a "Balance Area" seen as a stable area or is it seen as a break out begging to happen? I would think that both would perhaps be true since essentially every breakout comes from a balance area or some sort... correct? To begin to define what is a balance area we have to define it from a trend or just basic "chop"... so my thought would be to define it as a tight range of consolidated volume/trading over a given period of time. Does that sound ok so far? Jennifer

Hi... Would it be possible to look at the volume distribution for each bar and then to use a consolidation or cluster of trading within a tight range with several consecutive bar to begin to identify a base? I guess I am trying to think of a way to build an indicator that will map out bases. Does that make sense or am I going down the wrong path? thanks Jennifer

Soultrader, Thank you for this interesting concept. I am trying to get a sense of how to define "balance areas"... Is there an indicator that would help outline or define the balance areas or would you explain a little further what the criteria is for a balanced area? thanks Jennifer