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On Point

  • #1,261
  • Jan 21, 2021 6:12am Jan 21, 2021 6:12am
@Wags
I use cTrader rather than MT4 and have created my own indicator that merges the functionality of the two market profile MT4 indicators. I plan to share it but have one thing I need to clarify and complete before I do so.

On the charts you posted initially there are two short broken lines emanating from the right edge of the chart. I have scanned both MQ4 files but can't figure out what they represent. Do you use them? If so what do they represent?

Feel free to point me to a post if these have been covered before

EDIT: I found a post that explains that the red line is the median of the time profile, but still looking for what the other one is for.
  • #1,262
  • Jan 21, 2021 6:24am Jan 21, 2021 6:24am
Quoting MikeHanson
@Wags I use cTrader rather than MT4 and have created my own indicator that merges the functionality of the two market profile MT4 indicators. I plan to share it but have one thing I need to clarify and complete before I do so. On the charts you posted initially there are two short broken lines emanating from the right edge of the chart. I have scanned both MQ4 files but can't figure out what they represent. Do you use them? If so what do they represent? Feel free to point me to a post if these have been covered before EDIT: I found a post that explains...
Hi Mike

Nice one, The lines are Vwap and median lines i do not use them at all

Sorry for the quick reply but i am busy decorating my kitchen but will be on this evening

Wags
  • #1,263
  • Jan 21, 2021 7:45am Jan 21, 2021 7:45am
dollars under pressure
large volume
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  • #1,264
  • Jan 21, 2021 7:47am Jan 21, 2021 7:47am
gc right poc underneath liquidity gap
and upcoming correlation
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  • #1,265
  • Jan 21, 2021 7:55am Jan 21, 2021 7:55am
EA profit +35 pips so far.
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  • #1,266
  • Jan 21, 2021 7:58am Jan 21, 2021 7:58am
Quoting Ratel
EA profit +35 pips so far. {image}

nice Ratel
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  • #1,267
  • Jan 21, 2021 8:01am Jan 21, 2021 8:01am
au
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  • #1,268
  • Jan 21, 2021 9:41am Jan 21, 2021 9:41am
UC is something to keep an eye on. Seem like it is at support zone at the moment.
  • #1,269
  • Jan 21, 2021 9:46am Jan 21, 2021 9:46am
Quoting Wags
{quote} Hi Mike Nice one, The lines are Vwap and median lines i do not use them at all Sorry for the quick reply but i am busy decorating my kitchen but will be on this evening Wags
Thanks for the info Wags. I will leave the lines off. Sadly cTrader doesn't let us shift the bars to make space on the right so it looks very messy already in that area chart and two more lines won't improve that.
  • #1,270
  • Edited Jan 22, 2021 4:47am Jan 21, 2021 10:39am | Edited Jan 22, 2021 4:47am
For anyone else who uses cTrader I have created an indicator that combines the two main market profile indicators posted by Wags. As you can see in the screen shot below it looks a little messy on the right because cTrader doesn't allow us to shift the chart to the left in the way MT4 does so included two options to hide the current session and/or the time profile as required. All of the colours, opacity, line styles and thickness are configurable. I didn't include any time frame mode options. It automatically adjusts between Daily, Weekly and Monthly session based on the current time frame. Daily by default, Weekly for H4 and above then Monthly for Weekly.

To install extract the attached zip file somewhere then open the .algo file. cTrader will prompt you to confirm installation and install automatically. Feel free to PM me with any issues.

EDIT: Updated download to include ability to offset session start time from broker session start time.

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Attachment p
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File Type: zip ctk Market Sessions.zip   55 KB | 268 downloads
  • #1,271
  • Jan 21, 2021 11:17am Jan 21, 2021 11:17am
Hey guys,

i was lurking here in the forum for quite some time but mostly used this site for its calender.
recently i found this thread and its very close to my own method and i was excited to read myself through the pages. i could find some things that should improve my approach and i wanted to say a huge thanks to Wags for making this thread and also all the other contributors that were willing to share their knowledge

i really appreciate it and as soon as i feel its time i want to share my point of view on the whole subject too.

have a nice day/evening wherever you live and i wish you all good trades.
  • #1,272
  • Jan 21, 2021 11:29am Jan 21, 2021 11:29am
Hello my dear friends
These were the exchanges today at the opening of New York and closing of London ... operating at the right times can give us good results. generally openings and closings are good times.
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  • #1,273
  • Jan 21, 2021 11:36am Jan 21, 2021 11:36am
Quoting Ratel
UC is something to keep an eye on. Seem like it is at support zone at the moment.
Hip hop, don't stop
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  • #1,274
  • Jan 21, 2021 11:50am Jan 21, 2021 11:50am
wags theory
and here the practice
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  • #1,275
  • Jan 21, 2021 11:50am Jan 21, 2021 11:50am
Quoting Ratel
EA profit +35 pips so far. {image}
Hi ratel, how could you setting CCFp on higher time frame on your chart, the second one above the other?
Nothing to learn here
  • #1,276
  • Jan 21, 2021 11:54am Jan 21, 2021 11:54am
Quoting kette
wags theory and here the practice {image} {image} {image}
love it
  • #1,277
  • Edited 12:42pm Jan 21, 2021 12:27pm | Edited 12:42pm
These levels seems to get respected over and over again...more powerful than weekly pivots.
  • #1,278
  • Jan 21, 2021 1:13pm Jan 21, 2021 1:13pm
Quoting MikeHanson
For anyone else who uses cTrader I have created an indicator that combines the two main market profile indicators posted by Wags. As you can see in the screen shot below it looks a little messy on the right because cTrader doesn't allow us to shift the chart to the left in the way MT4 does so included two options to hide the current session and/or the time profile as required. All of the colours, opacity, line styles and thickness are configurable. I didn't include any time frame mode options. It automatically adjusts between Daily, Weekly and Monthly...

Nice work Mike and thx for the share
  • #1,279
  • Jan 21, 2021 1:39pm Jan 21, 2021 1:39pm
Quoting orderblock
Hello my dear friends These were the exchanges today at the opening of New York and closing of London ... operating at the right times can give us good results. generally openings and closings are good times.{image}{image}{image}{image}{image}
You make a good point mate, i will do this as a test as i am random entry person lol
  • #1,280
  • Jan 21, 2021 2:34pm Jan 21, 2021 2:34pm
Quoting Adrijana
Hey guys, i was lurking here in the forum for quite some time but mostly used this site for its calender. recently i found this thread and its very close to my own method and i was excited to read myself through the pages. i could find some things that should improve my approach and i wanted to say a huge thanks to Wags for making this thread and also all the other contributors that were willing to share their knowledge i really appreciate it and as soon as i feel its time i want to share my point of view on the whole subject too. have a...

Looking forward to it
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