Sorry gomi I don't follow.
Your last chart on post#6 has the per bar volume profiles.
The volume at each price is sometimes green/black and sometimes red/black,
over the course of one bar.
I thought the red/green colour was if there were more bid or ask within the total (black) volume at each price?
Oddly, I do have this per bar profile plotting red/black and green/black at each price over the coarse of a bar, on one ES chart but it is only plotting red/black at all prices on all bars on another identical ES chart and only red/black at all prices on all bars on all currency charts.
Dunno on these ones... the POC should be easily spotted by eye, and I'm not a firm believer of VAH and VAL for now (will change if proven the opposite) since I believe the market is not Gaussian so that 2*sigma 68% stuff is nonsense.
Anyway both stuff would require some serious evolutions in the code because it wasn't really implemented to allow that, so I'll pass for now, but who nows :-)
Thanks for your suggestions.
The following user says Thank You to gomi for this post:
value areas usually provide great support and resistance when the market is balanced, it doesn't occur that often( maybe about 18%), but it does occur. Also, when trending, markets tend to visit upper or lower value from previous day before continuation or range expansion. It doesn't always come down to touch the POC.
Finally, while the POC might be easy to see when your looking at the day's profile, but when your looking at a multi-day chart, its much easier to spot and try to figure out instead of eye-balling it. Check it out, you'll notice that it does happen. For example, today the YM stopped right at yesterdays value area near the highs, those are great targets.