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Still working on them.
If you're interested in the idea, take a look at Traderxman's posts about the method. Take a volume histogram and determine a way to classify volume as high, ultra high, average, etc.
In Tom's book he says to compare the last 30 periods. (Tradeguider-the company that bought the rights to Tom's work, will not disclose what they use for their volume bands). On an aside, this makes at least some of what TG does Black Box in my opinion.
Anyway, I place a simple 30 period moving average on volume. Then I use standard deviations of that to determine various levels. This would seem to be vary close to what MATS does. Mats trades off a 1 min chart but also looks at Market Profile. Probably a typical 30 min profile. So using a 30 minute average seems to fit into the Auction Market Theory concept as well as standard VSA. |
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HI Pivotprofiler.... I am doing some research in forex and I am about to test the VT platform... I was wondering if you would be willing to share your mats type indicator to give it a test.... no compromise... cheers Walter.
08-03-2007, 06:05 PM
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