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Price Distribution

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Price Distribution

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  #1 (permalink)
Saudi Arabia
Posts: 57 since Apr 2014
Thanks: 26 given, 4 received

i want to see the value area 70% sameto any another platform but i do not understand how to make it 70%

what does it mean ModeType and ZoneNumDevs in Price Distribution (ActivityBar)?

do i keep it as it is?and is it 70% value area

{ Search Tag: WA-Price Distribution }

{ This study plots the basic ActivityBar, together with a value area zone based on
standard deviations around the ActivityBar's mode price. }

ApproxNumRows( 10 ) [DisplayName = "ApproxNumRows", ToolTip =
"Aprroximate Number of Rows. Enter the approximate number of rows to use in the study."],
CycleColors( true ) [DisplayName = "CycleColors", ToolTip =
"Enter true to cycle colors from one cell group to the next; enter false to use only a single color for all cells."],
DefaultColor( DarkGreen ) [DisplayName = "DefaultColor", ToolTip =
"Enter the default color used in the ActivityBar study."],
ModeType( -1 ) [DisplayName = "ModeType", ToolTip =
"Enter 1 for highest mode, enter -1 for lowest mode."],
ZoneNumDevs( 1 ) [DisplayName = "ZoneNumDevs", ToolTip =
"Zone Number of Deviations. Enter the number of standard deviations on each side of mode price to be included in the AB Zone."] ;

CellGroupColor( 0 ),
MinuteInterval( BarInterval of ActivityData ),
CellGroupLabel( "" ),
oModeCount( 0 ),
oModePrice( 0 ),
SDev( 0 ),
ZoneHi( 0 ),
ZoneLo( 0 ) ;

AB_SetRowHeight( AB_RowHeightCalc( ApproxNumRows, 3 ) ) ;

if CycleColors then
CellGroupColor = AB_NextColor( MinuteInterval ) of ActivityData
CellGroupColor = DefaultColor ;

if CellGroupColor = GetBackGroundColor then
CellGroupColor = DefaultColor ;

CellGroupLabel = AB_NextLabel( MinuteInterval ) of ActivityData ;

Value1 = AB_AddCellRange( High of ActivityData, Low of ActivityData, RightSide,
CellGroupLabel, CellGroupColor, 0 ) ;

Value2 = AB_Mode( RightSide, ModeType, oModeCount, oModePrice ) ;

SDev = AB_StdDev( ZoneNumDevs, RightSide ) ;
ZoneHi = MinList( AB_High, oModePrice + SDev ) ;

if ZoneHi = 0 then { ie, if oModePrice + SDev = 0 }
ZoneHi = AB_High ;

ZoneLo = MaxList( AB_Low, oModePrice - SDev ) ;
{ if oModePrice - SDev = 0 then ZoneLo = Low, so don't need a check here }

AB_SetZone( ZoneHi, ZoneLo, RightSide ) ;

{ ** Copyright © TradeStation Technologies, Inc. All Rights Reserved **
** TradeStation reserves the right to modify or overwrite this analysis technique
with each release. ** }

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  #2 (permalink)
Agoura Hills, CA USA
Experience: Advanced
Platform: Tradestation&Multicharts
Broker: TradeStation
Trading: Futures & Equities
numberjuani's Avatar
Posts: 127 since Apr 2019
Thanks: 9 given, 98 received

Yamin, the default settings of the indicator you are using is already plotting "value areas" as defined by 70% of the data points.

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