Does anyone have a URL to a website that either explains, works out or displays, the value area on the S&P e-minis? It is similair to Market Profiling and to trade with it you also combine it with floor traders pivot points.
By VA I mean the area that held the bulk of the trading for the previous period by volume, price & time action. It is based on volume weighted average prices.
If anyone knows anything about this subject are the upper and lower ranges based on a standard deviation from the single VWAP or are they threshold values?
I would predict that the often calculated floor traders pivot point will usually sit somewhere within the Value Area and that R1, R2, S1 & S2 sit outside the zone.
By VA I mean the area that held the bulk of the trading for the previous period by volume, price & time action. It is based on volume weighted average prices.
If anyone knows anything about this subject are the upper and lower ranges based on a standard deviation from the single VWAP or are they threshold values?
I would predict that the often calculated floor traders pivot point will usually sit somewhere within the Value Area and that R1, R2, S1 & S2 sit outside the zone.
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