{quote}.... All you need for it to do is tell you which price levels are net buying or net selling.
... do you mean the Shape & Patterns? positive interest or negative interest?
... do you mean the Shape & Patterns? 
- Joined Dec 2015 | Status: Member | 1,509 Posts
Do more of that which succeeds and less of that which does not - Dennis Gar
- Joined Dec 2015 | Status: Member | 1,509 Posts
{quote} Thats great! thanks master ... just one last stupid question for today ... How can I know which level is net Buying or Selling by the VolumeProfile.ex4 while its calculation seems based on Tick Volume not Real volume at all?
Do more of that which succeeds and less of that which does not - Dennis Gar
- Joined Dec 2015 | Status: Member | 1,509 Posts
Do more of that which succeeds and less of that which does not - Dennis Gar
- Joined Aug 2009 | Status: Reading the tape | 2,324 Posts
Wyckoff VSA: (1) Supply vs Demand (2) Effort vs Result (3) Cause vs Effect
- Joined Dec 2017 | Status: Member | 3,710 Posts
For anyone trying to understand what "absorption looks like" on a delta profile chart. I found this example today on the USD/CAD. Today is the first trading day of 2020 and this market has been sold all day long. Yes with all this selling, why isn't price plummeting through the floor? {image} I have entered a long position and in anticipation of the FU flush, I have a pending buy order below the market waiting to be filled. For those of you who still think in terms of technical analysis...pull up your daily charts and take a look. Put on your MAC-D...
DEDIT
I removed some of the post,
it wasn't part of the threads narrative.
I don't need to be good at the game, only good enough to beat my opponent,
- Joined Dec 2017 | Status: Member | 3,710 Posts
{quote} The Market is indeed an auction and exists for the sole purpose of facilitating trade. Price rises to find Sellers and Price falls to find buyers. Price is an advertising mechanism. Value is that place where the majority (70%) of trades occur. It's not uncommon for the quoted price to be outside of value.
Detector
I don't need to be good at the game, only good enough to beat my opponent,
- Joined Dec 2019 | Status: Moving on... | 5,368 Posts
{quote} Happy new year my Master kk... wish you happiness & green pips in 2020 & keep this thread busy!
thanks for the great knowledge for noobs like me ... btw, im not familiar with the Volume Profile you put on your Ctrader charts , is it available on Mt4? still struggle understanding how to interpret Orderfolow with your tools & method!
If you want something cheaper (without a subscription plan), then you can always search for stuff on the mql5 market.
I hope that helps.
You don't know because you don't ask.
{quote} Check out the tools provided by Fxssi. They are very powerful. However, it will cost you money to use them. But it's worth it. There is a cheaper option that enables you to access their tools on their platform rather than putting them on MT4. But if you want to put the indicators on your charts, it will cost more. If you want something cheaper (without a subscription plan), then you can always search for stuff on the mql5 market....
... the important is that it must be a "Delta" volume profile as @DONPATO said ... so if anyone knows a good version for mt4 please share some information?
... definitely, i will test other platform & Delta in near future kk
GD all!
positive interest or negative interest?
- Joined Dec 2015 | Status: Member | 1,509 Posts
Do more of that which succeeds and less of that which does not - Dennis Gar
- | Commercial Member | Joined Sep 2018 | 1,409 Posts
{quote} Check out the tools provided by Fxssi. They are very powerful. However, it will cost you money to use them. But it's worth it. There is a cheaper option that enables you to access their tools on their platform rather than putting them on MT4. But if you want to put the indicators on your charts, it will cost more. If you want something cheaper (without a subscription plan), then you can always search for stuff on the mql5 market....
mql5
- Joined Dec 2015 | Status: Member | 1,509 Posts
{quote} You made a good call there DP, cannot interact as it's a little above my head, but had to give credit where it's due, as ever keep up the good work, always good to read your valuable posts,
Do more of that which succeeds and less of that which does not - Dennis Gar
- Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,996 Posts
{quote} Thank you for the vote of confidence. I am not seeing a bit of a stop out on the shorts but far weaker than I expected it might be. Of course the day isn't over yet and the US session has just begun. So I'll have to see what this looks like at the end of the NY session. However I suspect another "stab" at the lows before things skyrocket. {image}
Well done! I followed this trade (on demo account), even after the attack to the Iranian General and I am amazed it survived, you have great skills! I will add in any retrace and take notes.
Feels right this time!
- Joined Dec 2017 | Status: Member | 3,710 Posts
[quote=DonPato;12691608]{quote} Thank you for the vote of confidence. I am not seeing a bit of a stop out on the shorts but far weaker than I expected it might be. Of course the day isn't over yet and the US session has just begun. So I'll have to see what this looks like at the end of the NY session. However I suspect another "stab" at the lows before things skyrocket. {image}[/quote
DP, always, you know what your talking about, while I am still learning, I see the exchange ( if I can call it that) from sellers to buyers but only indicator based, not as accurate as your methods, a lucky guess from me, but from you, no,D
DP, always, you know what your talking about, while I am still learning, I see the exchange ( if I can call it that) from sellers to buyers but only indicator based, not as accurate as your methods, a lucky guess from me, but from you, no,
D
I don't need to be good at the game, only good enough to beat my opponent,
Couple of my thoughts on Iran-USA tensions and USD/JPY.
This is weekly chart. By lower blue line I mark accumulation of short orders and stop loss orders. This is important Level which is seen from a couple of years back and from different time frames.
On 03.01.2020 Donald Trump commanded to attack and kill Soleimani. This event activated above mentioned orders.
This is 1 h chart. By circle I marked area where stop loss orders where exhausted and than absorbed by buyers. The lower blue line will now be defended by sellers. They have there their buy stop orders.
This is 1 Day chart. Today on 08.01.2020 Iran response to USA for killing Soleimani. We see very deep wick with lots of volume. All the sellers were absorbed by buyers. Whats more Its news bar - buy the rumour sell the news. Again buyers, who bought the rumour, were waiting with their bids to absorb sellers to whom they sold the news.
DonPato I would like to see how Iran - USA tensions are seen from your footprint perspective.
This is weekly chart. By lower blue line I mark accumulation of short orders and stop loss orders. This is important Level which is seen from a couple of years back and from different time frames.
On 03.01.2020 Donald Trump commanded to attack and kill Soleimani. This event activated above mentioned orders.
This is 1 h chart. By circle I marked area where stop loss orders where exhausted and than absorbed by buyers. The lower blue line will now be defended by sellers. They have there their buy stop orders.
This is 1 Day chart. Today on 08.01.2020 Iran response to USA for killing Soleimani. We see very deep wick with lots of volume. All the sellers were absorbed by buyers. Whats more Its news bar - buy the rumour sell the news. Again buyers, who bought the rumour, were waiting with their bids to absorb sellers to whom they sold the news.
DonPato I would like to see how Iran - USA tensions are seen from your footprint perspective.