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Auction Market Theory and Market Profile

  • #441
  • Feb 17, 2011 1:55pm Feb 17, 2011 1:55pm
Quoting bandung
AMT guys and gals..

I fixed some bugs on the mp indicator I uploaded a few days ago, like value area on current day not updating correctly.

I added some feature too:

  1. VATPOPercent for changing the Percent of total TPOs using by value area, default is 70%
  2. ShowOpenCLoseArrow for turning on/off the arrow open and close of the day.


I found it easier to start the day with clean profile chart, so I can make a note like :[list][*]yesterday day type[*]where is today opening price in relationship with yesterday profile[*]where...

Excellent work my friend thank you keep it up
  • #442
  • Feb 17, 2011 2:05pm Feb 17, 2011 2:05pm
Hi bandung ,once again thank you for sharing your indi.

I have a question about the day POC setting,is it set to the Asiain start of the session,i am assuming this as i see you are from Indonesia ?
Ids there any way to set the POC start to GMT ?

I have attached an image of my setting and i seem to have overshadow on the edge of the profile.Is this a bug ?
Cheers.

Attached Image (click to enlarge)
Click to Enlarge Name: overshadow.gif Size: 54 KB
hifx
  • #443
  • Feb 17, 2011 5:16pm Feb 17, 2011 5:16pm
Hey guys, Im struggling to find an initial balance indicator for mt4. Does anybody know of one?
  • #444
  • Feb 17, 2011 6:27pm Feb 17, 2011 6:27pm
Maybe we can come a little lower for a small bounce off of yesterday's VAH
Attached Image (click to enlarge)
Click to Enlarge Name: f17b.jpg Size: 81 KB
  • #445
  • Edited 7:47pm Feb 17, 2011 6:58pm | Edited 7:47pm
Quoting HIFX
Hi bandung ,once again thank you for sharing your indi.

I have a question about the day POC setting,is it set to the Asiain start of the session,i am assuming this as i see you are from Indonesia ?
Ids there any way to set the POC start to GMT ?

I have attached an image of my setting and i seem to have overshadow on the edge of the profile.Is this a bug ?
Cheers.

Hi HIfx, yes i'm from Indonesia,
the profile start time is same as the day start on your platform, so it depend on broker day start time.

unfortunately the current version had no feature to set where the profile should start, maybe next time...

fortunately the shadow on the edge of profile is not a bug on this version, it's an art indeed... lol
...
  • #446
  • Edited 7:25pm Feb 17, 2011 7:11pm | Edited 7:25pm
Quoting frankkn
Maybe we can come a little lower for a small bounce off of yesterday's VAH
hi Frank, ya.. on the way, to YVAH

btw, broco demo has similar volume with TOS, ever try broco, if yes what do you think about it volume ?

Thanks

Cheers..
Attached Image (click to enlarge)
Click to Enlarge Name: broco.png Size: 76 KB
...
  • #447
  • Feb 17, 2011 10:24pm Feb 17, 2011 10:24pm
nice reactive buying at the DIBL just after the tokyo open on EU once again. I would expect london to shakeout down to yesterday's naked POC at 3574, but price could also make its way down to yesterday's VAL at around 3560.
Attached Image (click to enlarge)
Click to Enlarge Name: eu m30 jan 17.png Size: 29 KB
Change is the only constant
  • #448
  • Feb 18, 2011 12:19am Feb 18, 2011 12:19am
Day types matter. If the day is a P you can look for longs with the day trend or shorts against the day trend. If the day is a b you can look for shorts with the day trend and longs against the day trend. If the day is a Normal Distribution day (bell curve), then the market is rotational and you can play both sides. Simply, remember to trade what you see.

The first chart was posted earlier. I noted what we would need to see to define the trend as up. Well, today's profile (although not yet complete) meets the requirements. The trend is now up.

I have placed a 5 day average POCv level (including the current profile) on the chart. It's not the same thing as the weekly POCv but it give an approximation of where the POCv has been for the last week (last 5 trading days).

Note that we are not near the 3 rising POCvs definition of an up trend. That definition may not be the best. I think increasing balance areas (value areas) is.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trend 1.png Size: 142 KB
Click to Enlarge Name: Trend 2.png Size: 110 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #449
  • Feb 18, 2011 3:00am Feb 18, 2011 3:00am
Quoting NaughtyPip
Hey guys, Im struggling to find an initial balance indicator for mt4. Does anybody know of one?
Yes, I am looking for that too but didn't found it yet. If I find it I will post it here.
Mel
  • #450
  • Feb 18, 2011 3:53am Feb 18, 2011 3:53am
Quoting @mel
Yes, I am looking for that too but didn't found it yet. If I find it I will post it here.
Mel
hi...
try this... here on this AMT thread .... http://www.forexfactory.com/showpost.php?p=4391806
it tgwhbb indicator.
...
  • #451
  • Feb 18, 2011 4:23am Feb 18, 2011 4:23am
Quoting bandung
hi...
try this... here on this AMT thread .... http://www.forexfactory.com/showpost.php?p=4391806
it tgwhbb indicator.
Thanks Bandung for posting it! This is exactly what I was looking for.
Mel
  • #452
  • Feb 18, 2011 5:03am Feb 18, 2011 5:03am
Quoting bandung
hi...
try this... here on this AMT thread .... http://www.forexfactory.com/showpost.php?p=4391806
it tgwhbb indicator.
thanks man, this is exactly what i was after.
  • #453
  • Edited 12:06pm Feb 18, 2011 11:38am | Edited 12:06pm
Hi all,

Well it has been an interesting week, this being the first time i tried a longer term trade. Worked out well, increased account 4.5% with just 2 trades, very little risk, but a lot of patience. Could have been more % increase but still trading with very little exposure - about 1% risk in general.

Closed at 3675, just under today's DIBH. Being friday, i didn't want to risk my profits in a low vol afternoon. Besides, while today is shaping up as a trend day, the developing POC is around 1.3600, so chances are EU may drift back down to that, or if it doesn't today, it may on Sunday.

Done for the week.

As HG pointed out in an earlier post, the trend is up - i would venture to say its been up since late monday afternoon NY time when EU started building value in the 3480 area after it dipped to 3450.
Change is the only constant
  • #454
  • Feb 18, 2011 4:11pm Feb 18, 2011 4:11pm
Ok, guys I would like to ask you a question. Maybe it's a stupid question but I am going to ask it anyway ....

I was looking at my chart during the London through the pre US session. I have added the auction market indicator (the one where we can see the IBL, IBH etc...) on my chart and have marked the IB levels to make sure that this could not ''move''....
I have checked my chart now and found that all the IB levels have moved...
What I don't understand is if this levels move from session to session or if those just move with price. If this is the case then I would like to know how one could take advantage of those levels. I was so glad this morning (europe) when I saw that price reacted to the IB levels and poc's, I thaught it was a great tool to see how the market should react to it but now I am confused....

Can anyone comment please?
Thanks,
Mel
  • #455
  • Feb 18, 2011 5:59pm Feb 18, 2011 5:59pm
hope everyone is doing well

before i dive into the weekend, i just wanted to throw some ideas at you - i can see that everyone here seems to be trading intraday, and was wondering if there's anyone with a medium/long term approach.

a couple of years ago when i first read about vsa, volumes and phases of the trend, i also came across my first market_profile indicator and i wanted to know if there was a way to get the profile of a swing. it was possible... and i am still using it.

and to illustrate what i'm trying to tell you, here's a chart - enjoy and we'll talk later.
Attached Image (click to enlarge)
Click to Enlarge Name: profile-swing.gif Size: 40 KB
Nihil Sine Deo.
  • #456
  • Feb 18, 2011 6:31pm Feb 18, 2011 6:31pm
Quoting Scrat
hope everyone is doing well

before i dive into the weekend, i just wanted to throw some ideas at you - i can see that everyone here seems to be trading intraday, and was wondering if there's anyone with a medium/long term approach.

a couple of years ago when i first read about vsa, volumes and phases of the trend, i also came across my first market_profile indicator and i wanted to know if there was a way to get the profile of a swing. it was possible... and i am still using it.

and to illustrate what i'm trying to tell you, here's a chart...
I use it for medium & long term Scrat . Glad to know that you will share what you have found how to use profile for swing. And here is my ilustrate for eurusd:
Attached Image (click to enlarge)
Click to Enlarge Name: _swing_mp.jpg Size: 91 KB
  • #457
  • Feb 18, 2011 6:39pm Feb 18, 2011 6:39pm
Quoting @mel
I have added the auction market indicator (the one where we can see the IBL, IBH etc...) on my chart and have marked the IB levels to make sure that this could not ''move''....

Mel
Hi Mel,

I'll assume you are referring to my indicator that shows IBL/H and DIBL/H. Those lines will change 1 hour after the start of the 3 major sessions - Tokyo, London, NY. It does this to show you the IB of each session which generally dictate intraday boundaries for price levels. You have to be aware of session overlaps, such as from 8AM - 12PM eastern time when london and NY overlap. In those situations, you should be aware of the IB levels for both sessions as they can both be in play.

So the lines change with price, but only based on price range in the 1st hour of each session and they remain static for the remainder of the session or until the next session starts.

Hope that helps.
Change is the only constant
  • #458
  • Feb 18, 2011 7:59pm Feb 18, 2011 7:59pm
Inserted Video
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #459
  • Feb 19, 2011 2:27am Feb 19, 2011 2:27am
[quote=tgwhbb;4412362]Hi Mel,

I'll assume you are referring to my indicator that shows IBL/H and DIBL/H.

Ok, I understand , thank you Tgwhbb
Mel
  • #460
  • Feb 19, 2011 2:45am Feb 19, 2011 2:45am
Quoting Scrat
hope everyone is doing well

before i dive into the weekend, i just wanted to throw some ideas at you - i can see that everyone here seems to be trading intraday, and was wondering if there's anyone with a medium/long term approach.

a couple of years ago when i first read about vsa, volumes and phases of the trend, i also came across my first market_profile indicator and i wanted to know if there was a way to get the profile of a swing. it was possible... and i am still using it.

and to illustrate what i'm trying to tell you, here's...
Hi Scrat,

the profile on your chart... is it volume based or time based?

thanks
bandung.
...
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