TheRumpledOne
6,411 posts
msg #114217
- Ignore TheRumpledOne |
6/25/2013 5:59:02 PM
Got this in an email:
Here are the basics for the 80% Rule:
The Value Area (Secret Tip #12): The range of prices where 70% of yesterday's volume took place. For instance, if the value area in the S&Ps is 115800-117200, then 70% of the previous day's volume took place between the prices of 115800-117200.
The 80% Rule: When the market opens above or below the value area, and then gets in the value area for two consecutive half-hour periods. The market then has an 80% chance of filling the value area.
================
.... wondering if SF has a way to calculate the value area.... Hmmmmmm?
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Kevin_in_GA
4,599 posts
msg #114218
- Ignore Kevin_in_GA |
6/25/2013 8:29:04 PM
Since the volume/price data needs to be intraday, I doubt it. But Stockcharts.com can give you a volume-by-price graph like this:
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=1&dy=0&id=p80664567349
This is the daily version, but if you subscribe you can get this for intraday data. Then it would be easy.
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mahkoh
1,065 posts
msg #114220
- Ignore mahkoh |
6/26/2013 7:23:10 AM
If "the market" only applies to SPX you could evaluate historical 5 min bar data in excel.
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duke56468
683 posts
msg #114221
- Ignore duke56468
modified |
6/26/2013 9:58:06 AM
freestockcharts.com has "vol rate of change" and "vol rate of change %" and "volume at price" that are intraday and may help.
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Kevin_in_GA
4,599 posts
msg #114225
- Ignore Kevin_in_GA |
6/26/2013 12:28:23 PM
@duke: Yes but it only works on the daily chart setting, not intraday.
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duke56468
683 posts
msg #114226
- Ignore duke56468 |
6/26/2013 1:14:17 PM
I just used it on a 10 min chart, seems to work ok. Maybe you are thinking of stockcharts not freestockcharts.
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Kevin_in_GA
4,599 posts
msg #114227
- Ignore Kevin_in_GA |
6/26/2013 5:41:44 PM
Not working for me, but I always check after hours. Please retry tonight and let me know if you can still see the volume at price on a 10 minute chart.
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duke56468
683 posts
msg #114228
- Ignore duke56468 |
6/26/2013 7:26:09 PM
No the intra day does not seem to work after hours. The daily does.
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Rock Sexton
111 posts
msg #114229
- Ignore Rock Sexton
modified |
6/26/2013 9:39:38 PM
I would KILL to be able to search stocks based on Volume-By-Price (aka "Volume Profile") criteria. I try to get around by using a specific combination of EMA's and price's % relationship to them ...... but I still have to manually sift through a lot of charts to find exactly what I'm looking for.
I'm a big prononent though of using Volume Profile. It's like a map underneath price. In this market there are a lot of reversions to volume POC's (Points of Control), which is what I try to concentrate on.
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traderseb
36 posts
msg #114230
- Ignore traderseb |
6/27/2013 7:20:27 AM
I do not see that there would be a defined price range for 70% of the volume traded without specification of which 70%.
If you take the first 70% of the volume, the range of prices could be different than if you take the last 70% of the volume traded or any random 70% volume set. The example below looked better in Excel.
volume trade price
100 1 50
100 2 52
100 3 54
100 4 56
100 5 58
100 6 60
100 7 62
100 8 64
100 9 66
100 10 68
70% price
1 50
2 52
3 54
4 56
5 58
6 60
7 62
min 50
max 62
range 50-62
70% price
4 56
5 58
6 60
7 62
8 64
9 66
10 68
min 56
max 68
range 56-68
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