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Mind Over Markets - 2012 - Dalton - Value Area Calculation
Mind Over Markets - 2012 - Dalton - Value Area Calculation
10.1002/9781118659724.app1, Downloaded from https://onlinelibrary.wiley.com/doi/10.1002/9781118659724.app1 by National Medical Library The Director, Wiley Online Library on [31/12/2022]. See the Terms and Conditions (https://onlinelibrary.wiley.com/terms-and-conditions) on Wiley Online Library for rules of use; OA articles are governed by the applicable Creative Commons License
By James F. Dalton, Eric T. Jones and Robert B. Dalton
Copyright © 2013 by James F. Dalton, Eric T. Jones, and Robert B. Dalton
APPENDIX 1
Value-Area
Calculation
T he value area represents the area of greatest trade facilitation and
acceptance of value in the day timeframe and is signified by the price
region where 70 percent of the day’s volume occurred. It can be calculated
using either actual price/volume numbers or approximated by substituting
TPOs when volume is not available. 331
10.1002/9781118659724.app1, Downloaded from https://onlinelibrary.wiley.com/doi/10.1002/9781118659724.app1 by National Medical Library The Director, Wiley Online Library on [31/12/2022]. See the Terms and Conditions (https://onlinelibrary.wiley.com/terms-and-conditions) on Wiley Online Library for rules of use; OA articles are governed by the applicable Creative Commons License
332
APPENDIX 1
10.1002/9781118659724.app1, Downloaded from https://onlinelibrary.wiley.com/doi/10.1002/9781118659724.app1 by National Medical Library The Director, Wiley Online Library on [31/12/2022]. See the Terms and Conditions (https://onlinelibrary.wiley.com/terms-and-conditions) on Wiley Online Library for rules of use; OA articles are governed by the applicable Creative Commons License
greater number of TPOs to the longest line. Continue this process until 70
percent of the TPOs are included.
100–04 A
100–03 A
100–02 AL
100–01 AL
100–00 AL
99–31 AL
99–30 AL
99–29 AL
99–28 ACGKL 10 4
99–27 ABCGK
99–26 ABCGHK 16 2
99–25 ABCDEFGHIK
99–24 ABCDEFGHIJK 11 1
99–23 BCDEFHIJK 16 3
99–22 BCDEHIJ
99–21 BCDJ 4 5
333
99–20 BCD
APPENDIX 1
99–19 BC
99–18 B
99–17 B