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Auction Market Theory and Market Profile

  • #621
  • Feb 26, 2011 8:37am Feb 26, 2011 8:37am
Quoting tgwhbb
Mima, what does each line represent?

blue =POC
green= 1st st.dev.
gold =2nd st.dev
red=3rd st.dev.
gray= extreme
The Market pays you to be disciplined
  • #622
  • Feb 26, 2011 8:56am Feb 26, 2011 8:56am
Quoting mima
blue =POC
green= 1st st.dev.
gold =2nd st.dev
red=3rd st.dev.
gray= extreme
hmmm, you monthly POC for february is 25 pips lower than what bandung's indy is calculating for monthly POC (3620). I double checked with my iPolo market profile and it has 3610 as POC.

Is your calculation time or volume based?

Anyone else have a monthly POC for comparison?
Change is the only constant
  • #623
  • Feb 26, 2011 9:20am Feb 26, 2011 9:20am
Quoting tgwhbb
hmmm, you monthly POC for february is 25 pips lower than what bandung's indy is calculating for monthly POC (3620). I double checked with my iPolo market profile and it has 3610 as POC.

Is your calculation time or volume based?

Anyone else have a monthly POC for comparison?
TOS is showing 3615. I assume a 20 pips tolerance as acceptable.
Attached Image (click to enlarge)
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  • #624
  • Feb 26, 2011 4:18pm Feb 26, 2011 4:18pm
The trend is still up. The market is finding value lower today (Friday-Sunday) lower and both the POVv and POCt are lower than the previous day, but the trend is still up.

Even though the profile is not complete, it appears that we have an inside day. If we open up on Sunday and trade lower than Thurday's low, then we will have day with a lower high and a lower low and the 1 time-framing will have stopped. If we stay above that low then the it continues. A down trend can not begin if we are 1 time-framing to the upside.
Attached Image (click to enlarge)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #625
  • Feb 26, 2011 5:26pm Feb 26, 2011 5:26pm
Quoting tgwhbb
hmmm, you monthly POC for february is 25 pips lower than what bandung's indy is calculating for monthly POC (3620). I double checked with my iPolo market profile and it has 3610 as POC.

Is your calculation time or volume based?

Anyone else have a monthly POC for comparison?

Look again... for February is 1.3594 and with other MP is 1.3596...so difference is only 2 pips!
Attached Image (click to enlarge)
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The Market pays you to be disciplined
  • #626
  • Feb 26, 2011 10:45pm Feb 26, 2011 10:45pm
Quoting HiddenGap
The trend is still up. The market is finding value lower today (Friday-Sunday) lower and both the POVv and POCt are lower than the previous day, but the trend is still up.

Even though the profile is not complete, it appears that we have an inside day. If we open up on Sunday and trade lower than Thurday's low, then we will have day with a lower high and a lower low and the 1 time-framing will have stopped. If we stay above that low then the it continues. A down trend can not begin if we are 1 time-framing to the upside.
Yeah; the area between the 23rd Feb VAL & the 22nd Feb VPC is looking conspicuous. Back down to 3670 or even 3630 perhaps?
  • #627
  • Feb 27, 2011 1:19am Feb 27, 2011 1:19am
Hello traders..

This is V1.31 of my MP indicators for MT4.

This is some of its features:

 

  1. DayStartHour, this is for daily profile start hour.
  2. UseVolumeProfile, set to True for Volume Profile and False for TPO Profile
  3. ShowPriceHistogram, on/off setting for Price Histogram
  4. ShowValueArea, on/off setting for Value Area
  5. ShowVAHVALLines, on/off setting for VAH and VAL lines
  6. ShowOpenCloseArrow, on/off setting for Open and Close Arrow
  7. VirginPOCColor, color setting for naked/virgin POC lines


If you use it and found some bugs, let me know or pm me.

Cheers,
Bandung..

Attached File(s)
File Type: mq4 ay-MarketProfileDWM.v1.31.mq4   34 KB | 1,641 downloads
...
  • #628
  • Feb 27, 2011 3:32am Feb 27, 2011 3:32am
Quoting bandung
Hello traders..

This is V1.31 of my MP indicators for MT4.

This is some of its features:
[list][*]DayStartHour, this is for daily profile start hour.[*]UseVolumeProfile, set to True for Volume Profile and False for TPO Profile[*]ShowPriceHistogram, on/off setting for Price Histogram[*]ShowValueArea, on/off setting for Value Area[*]ShowVAHVALLines, on/off setting for VAH and VAL lines[*]ShowOpenCloseArrow, on/off setting for Open and Close Arrow[*]VirginPOCColor, color setting for naked/virgin...

Wow Bandg...

This could be one of the best MP indi for MT4 platform yet. Million thanks..

Lots of upgrades for this version & even the VPC line color isolation feature, neat. The volume profile is a nice addition too but so far i find TPO superior but VSAers may have other use for that. I wonder if there is such a thing call Volume weighted MP. haha. Histogram toggle is useful too but looking at histogram is essential in understanding AMT structure.

Look at this chart, now i can see clearly where i wana go & plan the trip..tks tks

PS: One thing i notice that if the POC & VPC is align the POC overlay onto the VPC as shown here, (those 2 POC of 23rd & 24th). Since the 24th Feb qualifies as a VPC, is it possible let the VPC line to be overlayed on top instead??

Attached Image (click to enlarge)
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  • #629
  • Feb 27, 2011 4:13am Feb 27, 2011 4:13am
Quoting bandung
Hello traders..

This is V1.31 of my MP indicators for MT4.


If you use it and found some bugs, let me know or pm me.

Cheers,
Bandung..
Very good, I like that histogram can be false/true...VA is 1st standard deviation...so there is need for 2nd , 3rd and extremes(excesses)...Hopefully it will be in next revision. Thank you.
The Market pays you to be disciplined
  • #630
  • Feb 27, 2011 4:34am Feb 27, 2011 4:34am
Quoting mima
Very good, I like that histogram can be false/true...VA is 1st standard deviation...so there is need for 2nd , 3rd and extremes(excesses)...Hopefully it will be in next revision. Thank you.
@kave, @mima
your PSs noted

cheers,
...
  • #631
  • Feb 27, 2011 11:44am Feb 27, 2011 11:44am
Quoting kave
Wow Bandg...

This could be one of the best MP indi for MT4 platform yet. Million thanks..

Definitely the best
  • #632
  • Feb 27, 2011 12:44pm Feb 27, 2011 12:44pm
Quoting frankkn
Definitely the best
Not yet...
The Market pays you to be disciplined
  • #633
  • Feb 27, 2011 6:51pm Feb 27, 2011 6:51pm
Quoting bandung
Hello traders..

This is V1.31 of my MP indicators for MT4.

This is some of its features:
[list][*]DayStartHour, this is for daily profile start hour.[*]UseVolumeProfile, set to True for Volume Profile and False for TPO Profile[*]ShowPriceHistogram, on/off setting for Price Histogram[*]ShowValueArea, on/off setting for Value Area[*]ShowVAHVALLines, on/off setting for VAH and VAL lines[*]ShowOpenCloseArrow, on/off setting for Open and Close Arrow[*]VirginPOCColor, color setting...
Thanks Bandung
  • #634
  • Feb 27, 2011 7:06pm Feb 27, 2011 7:06pm
Quoting bandung
Hello traders..

This is V1.31 of my MP indicators for MT4.

If you use it and found some bugs, let me know or pm me.

Cheers,
Bandung..
Hi Bandung, excellent work as usual!

One comment, for the volume based profile is it possible to reduce the amplitude of the profile so that it doesn't extend so far to the right?

Thanks!
Change is the only constant
  • #635
  • Feb 27, 2011 9:20pm Feb 27, 2011 9:20pm
Quoting bandung
@kave, @mima
your PSs noted

cheers,
Hi Bundg,

found a way around this, i just by accident chose a lighter color for VPC compare to POC lines...works like a charm, VPC stands out like a sore thumb now. no worries...

see here..
Attached Image
  • #636
  • Feb 27, 2011 9:46pm Feb 27, 2011 9:46pm
Au make its way up with potential responsive selling on VAL now, in confluence with level of previous high volume bar indicated by hidden selling. Demand is weak for now.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_06 Feb. 28 11.41.gif Size: 31 KB
  • #637
  • Feb 28, 2011 1:23am Feb 28, 2011 1:23am
Quoting HiddenGap
The trend is still up. The market is finding value lower today (Friday-Sunday) lower and both the POVv and POCt are lower than the previous day, but the trend is still up.

Even though the profile is not complete, it appears that we have an inside day. If we open up on Sunday and trade lower than Thurday's low, then we will have day with a lower high and a lower low and the 1 time-framing will have stopped. If we stay above that low then the it continues. A down trend can not begin if we are 1 time-framing to the upside.
Well, we did indeed trade lower. However, the low did not exceed the prior day's low. Therefore we are still one-time framing to the upside. Friday-Monday is an inside day tho.

There was a beautiful opportunity to get long at the unfair lows and ride the market for the complete rotation.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #638
  • Feb 28, 2011 1:55am Feb 28, 2011 1:55am
Supply hit the market. Let's see what the boys and girls in London do.
Attached Image (click to enlarge)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #639
  • Edited 3:09am Feb 28, 2011 2:39am | Edited 3:09am
I Sell now at 1.3767 with target DIBL 1.3738.

SL hit 1.3786 LoL
  • #640
  • Feb 28, 2011 2:50am Feb 28, 2011 2:50am
@ bandung - thanks for a great indy

Cable - aka The Mistress - collects todays Frankies Hour prize.....the final drop into LO and the hourly 20 sma was sooooo nice to trade
Attached Image (click to enlarge)
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