Value Area Low (VAL)
The VAL is the Value Area Low. This is a Market Profile concept. The VAL is the lowest price in the Value Area and is often used and seen as an area of support or resistance by traders. Traders will frequently use this area (with other methods and indicators) to enter and exit trades due to the support/resistance nature of this area.
Together with the VAH, the VAL bounds 68% of market activity around the POC. The Value Area Low is also sometimes know as the Lower Value Area.
This value can be calculated using the Market Profile Calculator. Values for popular futures contracts are calculated daily and posted in the Market Profile Forum.