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Auction Market Theory and Market Profile

  • #6,481
  • Sep 16, 2018 10:20am Sep 16, 2018 10:20am
if this indicator good Volume Profile?, id like to spots nodes and pocket gaps, this one its relaiable? or there is another one better? Thanks!
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  • #6,482
  • Edited 11:28am Sep 17, 2018 11:11am | Edited 11:28am
Hi Jesse292,

Finally I found the buyers-vs-sellers indicator (only the ex4, not the mq4) on the net, but it is off. It is the one on the top right corner on your screen. In my mt4 the green boxes are lower than they suppose to be and cover the numbers. I tried to change the parameters, but they revert to the old ones. I guess it's possible to change them in the mq4. Do you happen to know what's happening, why this thing is off? The Metatrader I am using is version 4 build: 1090.

attim

P.S.
Sorry for posting this unrelated material in this thread.

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  • #6,483
  • Sep 18, 2018 6:23pm Sep 18, 2018 6:23pm
Hej friends

where can i find poc point of control indicator that show me only

1/daily poc ?
2/daily poc + weekly poc ?
3/daily poc + weekly poc + monthly poc ?

i have mp.ex4 but if you know another indicators it will be great

  • #6,484
  • Sep 20, 2018 2:04am Sep 20, 2018 2:04am
Quoting ellliottt
Hej friends where can i find poc point of control indicator that show me only 1/daily poc ? 2/daily poc + weekly poc ? 3/daily poc + weekly poc + monthly poc ? i have mp.ex4 but if you know another indicators it will be great
Should be doable with three instances of the ay-MarketProfileDWM indicator...
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Attached File(s)
File Type: mq4 ay-MarketProfileDWM.v1.31.rev1.1(nmc).mq4   79 KB | 953 downloads
  • #6,485
  • Sep 20, 2018 4:34am Sep 20, 2018 4:34am
Quoting Jagg
{quote} Should be doable with three instances of the ay-MarketProfileDWM indicator... {image} {file}
Thanks man for your help
  • #6,486
  • Sep 21, 2018 10:37am Sep 21, 2018 10:37am
Quoting Jagg
{quote} Should be doable with three instances of the ay-MarketProfileDWM indicator... {image} {file}
Hey jaag what are thsi numbers and how can be used?
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  • #6,487
  • Edited 1:14pm Sep 22, 2018 11:30am | Edited 1:14pm
Hi Jesse292,

The high numbers (3860, 12668, etc) are the Volume. The higher the numbers are, the more volume has been traded on that level. This results in longer horizontal line - the fairest price in that session that the bears and the bulls agreed on. On the picture your Diamond shape (VPOC) and Rectangle shape (POC) are on the same spot. This means that the most volume (VPOC) has been traded for the longest time (POC) on that particular level. There are times when VPOC separates from POC.

The small numbers (1.5, 2.1, etc.) are the volume ratio. As far as I know Volume Ratio = Up Volume / Down Volume. The ratio compares the total amount of Volume of Up Days against Down days in price. Fore example, the value 1.5 means that 1.5 times more shares/money advanced than declined on that particular session or day. The Volume Ratio that's set in the indicator is usually 1.5. Also, you should look for trades that have values higher than 1.5. Anything above 1.0 means that the Up Volume is higher than the down volume.

Also, look into Initial Public Offering basis or IPO basis, because Volume Ratio I think is best traded in relation to them. When the market clears an IPO base (for example cup and handle, flags, ascending triangles) then look for 1.5 Volume Ratio or higher. On the bottom of the profile, at the Excess, you have 1.5 Volume Ratio which means that there is more Volume over the Upside than the Downside. Now, you'll have to find out how to trade this. I am not sure.

I gave you some pointers, but since I am not proficient with this, you should make your own research and verify the rights and wrongs in my comment.

cheers,
  • #6,488
  • Sep 22, 2018 11:40am Sep 22, 2018 11:40am
Quoting AttiM
Hi Jesse292, The high numbers (3860, 12668, etc) are the Volume. The higher the numbers are, the more volume has been traded on that level. This results in longer horizontal line - the fairest price in that session that the bears and the bulls agreed on. On the picture your Diamond shape (VPOC) and Rectangle shape (POC) are on the same spot. This means that the most volume (VPOC) has been traded for the longest time (POC) on that particular level. There are times when VPOC separates from POC. The small numbers (1.5, 2.1, etc.) are the volume ratio....

Thanks attim so helpful!
  • #6,489
  • Edited 2:40pm Sep 22, 2018 1:54pm | Edited 2:40pm
Hi Jesse292,

Quote
On the bottom of the profile, at the Excess, you have 1.5 Volume Ratio which means that there is more Volume over the Upside than the Downside. Now, you'll have to find out how to trade this. I am not sure.

I corrected the end of my third paragraph. Read it again. I looked at the last week's Asian Session and I see that at the top the K period, 8 hours into the market, has 3.3 volume ratio. Although in K period the Up Volume is 3.3 times higher than the Down Volume, right after it, the market broke out of the range and plummeted 221 pips. I really don't know for now how to trade volume ratio. However, K is a relatively good Excess (you need minimum 2 single characters) and an ok indication to short the market.

I looked at other profiles too and it looks to me that when there is a high volume ratio then the market is just entering or exiting a range or some sort of a formation. But, I would have to analyze it further to verify it. Since, I am doing something else right now, I am not sure when I'll have time. Until then I hope that my observation was an inspiration to you or others.

I also see that sometimes the volume ratio is very high, yet the volume traded is very low. The relationship between these is a mystery to me, yet I feel is significant.

If anybody can add more to Volume Ratio and its relationship to Volume, is more than appreciated.

cheers,
  • #6,490
  • Sep 25, 2018 10:11pm Sep 25, 2018 10:11pm
Thanks Jagg for posting the updated ay-MarketProfileDWM Market Profile indicator. It usually works without a problem except for today on the EURNZD pair it causes MetaTrader to freeze. I suspect that it's because today the EURNZD chart developed a gap when the market moved 147 pips down within 45 minutes. Just after 30 minutes of that move the market gapped about 4 pips. It seems like it doesn't matter what timeframe you attach the indicator to because I tried it on the EURNZD M15 and H1 timeframes and the same problem occurred. Can anyone fix this indicator to solve this problem? Thanks.
Attached File(s)
File Type: mq4 ay-MarketProfileDWM.v1.31.rev1.1(nmc).mq4   79 KB | 722 downloads
  • #6,491
  • Sep 27, 2018 3:36am Sep 27, 2018 3:36am
im a newbie and trying to understand this market profile... i just know the inital balance, point of control and volume high and low... but still i cant get it on how to spot a trade... what to look for if i want to buy? what to look for if i want to sell...? can someone tell me what to look for? i promise to learn fast... please guys.. i really need help..
PATIENCE AND DISCIPLINE!
  • #6,492
  • Sep 28, 2018 6:41am Sep 28, 2018 6:41am
This webinar may have the information about Market Profile that you are looking for: Trading with Market Profile
  • #6,493
  • Oct 4, 2018 7:27am Oct 4, 2018 7:27am
Quoting kette
{image} {image} {image} {image}
hi
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  • #6,494
  • Oct 5, 2018 2:36am Oct 5, 2018 2:36am
Quoting global3
Thanks Jagg for posting the updated ay-MarketProfileDWM Market Profile indicator. It usually works without a problem except for today on the EURNZD pair it causes MetaTrader to freeze. I suspect that it's because today the EURNZD chart developed a gap when the market moved 147 pips down within 45 minutes. Just after 30 minutes of that move the market gapped about 4 pips. It seems like it doesn't matter what timeframe you attach the indicator to because I tried it on the EURNZD M15 and H1 timeframes and the same problem occurred. Can anyone fix this...
does not work with indices either
  • #6,495
  • Oct 5, 2018 7:03am Oct 5, 2018 7:03am
Quoting minsat
{quote} does not work with indices either
it works
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  • #6,496
  • Oct 5, 2018 7:41am Oct 5, 2018 7:41am
Quoting kette
{quote} it works {image}
thanks. do you have yearly cpr?
  • #6,497
  • Oct 5, 2018 8:26am Oct 5, 2018 8:26am
Quoting kette
{quote} it works {image}
what is your broker?
  • #6,498
  • Oct 5, 2018 11:12am Oct 5, 2018 11:12am
[quote = minsat; 11552471] {quote} Was ist Ihr Broker? [/ quote]

admiral markets
  • #6,499
  • Oct 7, 2018 9:56pm Oct 7, 2018 9:56pm
Hello, when says, trade back to value, it refers to previous value area? or the newest va? regards
  • #6,500
  • Edited 4:02pm Oct 10, 2018 10:19am | Edited 4:02pm
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