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Auction Market Theory and Market Profile

  • #6,181
  • Jul 23, 2018 7:55am Jul 23, 2018 7:55am
Hello kette,

I guess the VPO count would be the number of Volume of Contracts right? The TPO count would be the letters counted, wherein each letter represents half hour of the trading day. If that is so, then the problem is that the TPO count in the TPO section does not match the number of letters in the indicator. Fore example, on the picture you posted on 21st of July when there is only one letter the TPO count is 2. When there are 3 letters the TPO count is 6 and then 8 for the same number of letters in a row. If you have some time, can you help me out here kette?

thanks
  • #6,182
  • Jul 23, 2018 4:24pm Jul 23, 2018 4:24pm
Quoting AttiM
Hello kette, I guess the VPO count would be the number of Volume of Contracts right? The TPO count would be the letters counted, wherein each letter represents half hour of the trading day. If that is so, then the problem is that the TPO count in the TPO section does not match the number of letters in the indicator. Fore example, on the picture you posted on 21st of July when there is only one letter the TPO count is 2. When there are 3 letters the TPO count is 6 and then 8 for the same number of letters in a row. If you have some time, can you...

Hi
set the value ROWHEIGHT to 1
see picture, 1-1 tpo

at 2 it goes in 4er step
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM30.png Size: 87 KB
  • #6,183
  • Jul 23, 2018 9:35pm Jul 23, 2018 9:35pm
Hi kette,

By watching the chart long enough I figured out my problem. The TPO count is not about counting the letters (A,B,C, etc.), as I believed, but counting the number of times the market touched a certain price level. If the same price level has been touched 3 times within 30 minutes on a M30 chart, then the TPO number will change only once, not 3 times. And, then at the next 30 minutes interval or TPO if the price is touched once more, then the numbers will go higher/lower once again. By following the same logic new levels are counted in a similar fashion.

cheers
  • #6,184
  • Jul 24, 2018 2:25am Jul 24, 2018 2:25am
Attached Image (click to enlarge)
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  • #6,185
  • Jul 24, 2018 2:38am Jul 24, 2018 2:38am
You can also use it as a volume profile
Attached Image (click to enlarge)
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  • #6,186
  • Jul 24, 2018 3:35am Jul 24, 2018 3:35am
Quoting kette
{quote} Hi set the value ROWHEIGHT to 1 see picture, 1-1 tpo at 2 it goes in 4er step {image}
Hi kette, sorry for stupid question, but where I can set these values of ROWHEIGHT and DAyStartHour?
  • #6,187
  • Jul 24, 2018 7:01am Jul 24, 2018 7:01am
Hi all, I was just setting up the market profile tool on ninjatrader 8 but am struggling with the settings/paramters. I used TPO size of 3 and Lot size 1 and TPO minutes is 30 mins. However the profiles displayed do not seem right. I am using currency futures feed (CME). Does anyone know how to calculate TPO size for currency futures
I believe Tick size is one variable. I know this is not an MT4 indi but just hoping someone here know the ideal settings for currencies. See screenshot for how its showing now...cant even read the letters.
Attached Image (click to enlarge)
Click to Enlarge Name: TPO.jpg Size: 61 KB
  • #6,188
  • Jul 24, 2018 7:48am Jul 24, 2018 7:48am
Hi da1p,

As far as I know, you double click on it in the info-corner and then right click and label properties. I am not sure what it does, but I don't see any changes. I set the session hours in the indicator inputs.

cheers
  • #6,189
  • Edited 8:57am Jul 24, 2018 8:39am | Edited 8:57am
Quoting AttiM
Hi da1p, As far as I know, you double click on it in the info-corner and then right click and label properties. I am not sure what it does, but I don't see any changes. I set the session hours in the indicator inputs. cheers
Oh wow it's working! I thought it's just text
It's just text

Thanks! I found session houres in the properties, but it's obvious - to set properties in the "properties"
  • #6,190
  • Jul 24, 2018 9:43am Jul 24, 2018 9:43am
Attached Image (click to enlarge)
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  • #6,191
  • Jul 24, 2018 9:46am Jul 24, 2018 9:46am
Quoting TheEdge8
Hi all, I was just setting up the market profile tool on ninjatrader 8 but am struggling with the settings/paramters. I used TPO size of 3 and Lot size 1 and TPO minutes is 30 mins. However the profiles displayed do not seem right. I am using currency futures feed (CME). Does anyone know how to calculate TPO size for currency futures I believe Tick size is one variable. I know this is not an MT4 indi but just hoping someone here know the ideal settings for currencies. See screenshot for how its showing now...cant even read the letters. {image}
in nj you had to set the row height
  • #6,192
  • Jul 24, 2018 9:56am Jul 24, 2018 9:56am
what I marked, there you can see how the volume rises in one direction,
you can turn on all poc in the menu,
guys here have to try everything to see what you need
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  • #6,193
  • Edited 10:44am Jul 24, 2018 10:29am | Edited 10:44am
menü shiftbrokerofgmt 0
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  • #6,194
  • Jul 24, 2018 10:36am Jul 24, 2018 10:36am
only handle tight spreads
  • #6,195
  • Jul 24, 2018 10:52am Jul 24, 2018 10:52am
real
Attached Image (click to enlarge)
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  • #6,196
  • Edited 11:21am Jul 24, 2018 10:53am | Edited 11:21am
after day high, it is usually direction poc
Attached Image(s) (click to enlarge)
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  • #6,197
  • Jul 24, 2018 11:05am Jul 24, 2018 11:05am
Quoting kette
menü shiftbrokerofgmt 0 {image} {image}
Are a TPO chart and auction market theory useful in decentralised markets in FX? I have seen them being used on the exchange based markets but never before FX.
  • #6,198
  • Jul 24, 2018 11:15am Jul 24, 2018 11:15am
for me yes
  • #6,199
  • Jul 24, 2018 11:33am Jul 24, 2018 11:33am
exit
Attached Image (click to enlarge)
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  • #6,200
  • Jul 24, 2018 11:39am Jul 24, 2018 11:39am
Hello kette,

It would be much easier to understand these charts if they were explained. Without text they are unintelligible to me, because I am new to this. I am pretty sure I am not the only one. So, would you be kind and post some short descriptions? thanks.

cheers,

attim
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