Kairos™

Money Zone Market Hours Volume - MZMHVol

This indicator is a type of Market Profile analysis. It finds the levels where the most volume activity occurred during the previous trading day during the primary session of the instrument.  You can specify how many market days to include in the analysis, and how many days to process.  

This indicator is used on Intraday Timeframes, and cannot be used on Daily, Weekly or Monthly timeframes.  

Input Parameters

• Days – number of prior market days to process.  Recommended setting 1 or 2
• History – number of market days to process.  Recommended setting 5 - 15, in order to go back 1-2 weeks

Output Indicators

• POC – Point of Control - price where most price activity occurred
  
• VAH – Value Area High 
• VAL – Value Area Low

The VAH and VAL are levels above and below the POC which includes 70% of the price action

Chart of MZMHVol applied to the #ES

When displayed on the chart, the VAH is green, VAL is red and the POC is black.  These lines are charted below on the 5 minute ES (#ES)