|02-29-2008, 11:22 AM||#1|
Join Date: May 2007
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Today many traders use price histogram as the core of their trading tools.
Easy to build with no complicate calculations, do you seriously plan to add a PRICE HISTOGRAM indicator in the new NT upgrade ?
This is below the definition of this indicator :
The histogram on the left side of the chart (drawing as the same way "Volume zone" is) is drawn during the day in five-minutes or 30 minutes increments. The length of each horizontal line in the histogram represents the amount of time that the market spent at that corresponding price. Thus if the market spends a great amount of time at a particular price, the histogram line for that price will be longer. The longest line in the histogram is the one price where the market spent the most amount of time. It is called the Point of Control or, alternatively, the Control Point.
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