Full Value Area Boxed Highlighting

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al Vinjamur
Last seen: 6 months 1 week ago
Joined: 11/11/2019 - 10:38
Full Value Area Boxed Highlighting

Again..am a newbie (still!) but I love IRT and all the things that it can do. Was trying to figure out something
simple : how to draw a box inside a bar that shows the value area. I'm familiar on how to add in VAH, VAL and POC
but what I'm looking for is a box drawn around a bar indicating the VAH and VAL...which will then encompass the
POC....would also like to extend naked lines on this….

Thank You!

0
Eddy_F
Last seen: 2 months 2 weeks ago
Joined: 07/30/2014 - 16:18
Extending naked VA with the Bands Indicator stepped blocks style

Hello Al,
The bands indicator associated with the “stepped blocks” style is the most useful indicator for your request.
Here is the attached chart definition
https://www.linnsoft.com/charts/naked-value-area-bandindicator-es
You need first to create 2 custom indicators returning for each bar the Low and High price of the Value Area. This can be done using the VPS token or the corresponding PROF token.
By checking (or not) the “Extend Full band until Filled” box, you can either “reduce” the height of the naked band (if it gets partially filled), or wait to have the full band filled (before stopping at once the extended display)
I have added a button to show/hide profile indicators to display naked VPOC/VAL and VAH lines on top of the bands.

Please note you may “filter” which value area will be extended by including a Signal based filter in the Custom indicator definition for the top and bottom bands.
For example, I have included a filter to display and extend VA only when their minimum height is equal to C#1 ticks or more (C#1=0 by default, ie all bands are being displayed)
Cheers
Eddy

Note : These other posts and charts may also be of interest to you
https://www.linnsoft.com/topic/naked-gap-bands
https://www.linnsoft.com/topic/day-session-poc-vah-and-val-full-session-...
https://www.linnsoft.com/charts/nakedvpoc-alert-es

Final comments:
thanks to the chart style Button, you may switch quickly to a VolumeProfile style instead of candles. Please also note the button for controlling the candle width (with a 40:20 pixel/bar type of chart settings) as a thinner candle makes the Value Area zone (behind the candle) easier to spot...

Edward01
Last seen: 1 day 23 hours ago
Joined: 08/09/2018 - 10:41
Fantastic stuff, thanks for

Fantastic stuff, thanks for taking the time to answer that Eddy, a real help for everyone on the forum!

al Vinjamur
Last seen: 6 months 1 week ago
Joined: 11/11/2019 - 10:38
Thank YOU!!!

Thank You!
Thank You!!
Fantastic.....

aLV