Wednesday, January 13, 2016

Developing Value Area Indicator for TradeStation

The Value Area represents the range of prices that contain 70% of a day’s trading activity. This 70% represents one standard deviation and reflects the area where a majority of the trading occurred. 

The developing value area is a dynamic area that changes throughout the day.

I programmed this indicator for TradeStation to work on tick, minute and range bars. You can set the value area and set the length of look-back.

I recommend using this with floor trader pivots or other support resistance indicators to give you a solid view of the market.

The price for this indicator is $225 through PayPal. Email me if interested in purchasing a licensed copy at DevelopingValueArea@gmail.com