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conr

Value Area Lines

By conr, in Technical Analysis

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conr    10

conr
Posted

I would like to apply value area lines on my 5 min. mini dow chart. My question is are they based on 70% of the volume of prior day's 24 hour period or 8:30 to 3:00 central time?

 

Thanks.

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Sparrow    10

Sparrow
Posted (edited)

Usually you use only the session time, although I think it has less of an impact on a volume profile than on a market profile(tpo) derived value area. It would be a disaster for a tpo value area but overnight volume might leave the volume based value area mostly intact.

Edited by Sparrow

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conr    10

conr
Posted

The reason I'm asking is because a newsletter I receive is giving me numbers for today of 12918 - 13180 which I have no idea how they came up with. I've contacted them but no response.

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