Auction Market Theory and Market Profile

Thank you Joaoborras. Have a good Easter weekend.

Hi All

I find this thread very interesting. I am not into the method actually, but I must acknowladge how nice and suttle way it really is to uncover supply and demand flows of the markets.
i am now courios whether some skillful and evenly courios trader-coder would be interested in writing a code with a similar attempt.

There are many ways of representation of Volume, Price and Time. I am looking to check a Tape Reading Chart in live. For the ones do not know what that is, here is an attachmet to study. Like I hinted above, its purpose is the same as all the nice indicators developed by you fellow traders. Yet, it does look different.

It looks like a P&F chart. It is a Break out chart, so one has to have a variable with a pre-determined (and adjustable) price range, which must be traded through in order to allow the indicator to plot an entry.
Instead of "X" or "O" there are however Volume figures plotted in numbers (in thousends or hundreds or whatever appropriate for the timeframe).

Also, different from the traditional construction of the P&F chart in that, it must plot zero values in case a gap happens. So there are either numbers or zero values.

As an additional difference, the next column starts only if the place above or bellow the current bar, where the new entry would come, is already filled.

So the time is not very vell registered here, only the price and the traded V at the set price levels. The representation of time would be a different color or indication for the Volume figure at every, say, 30 minutes or hour or whatever the user sees fit. (The figures are circled on the attachment.)

And we all own with thank and respect to Mr. Wyckoff for his chart by the way. This method is old but there is not so much new in the markest. Nothing new in human nature anyway.
Since the time of Mr. Wyckoff the markets grew and have become somewhat more hectic. Broader public, more funds, the f...ing high frequncy sh.t.
For example, the DJ has a far higher value since the 19-es, though the same number of companies construct it. Hmm, perhaps the USD inflated like crazy in the last times? Where does it end? Will we do the same in 100 years only with different figures? S&P will trade at some idiot 5000 points? So there is no more value whatever, only inflating money. Not a bad idea to pile up with gold, silver, land, or whatever real assets after all..... Even with water!

So is any skillful madam/gent interrested to code this? Could be a usefull addition to the set of tools.

Anyway, I wish you good trading all


Kind Regards

Zol

Does anyone have these? If so, can you post them up please?

Hi..
Ive just downloaded ay-TPOChart.V1.32 Indi from Evaks Post.. here Iam unable to change the Session timings..can any1 please help me on this or Iam missing something..

Regards

Santosh

Great job going on here. I subscribe.

Anyone have an idea what the "must read " pages are?

Best,

Muntu