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Auction Market Theory and Market Profile

  • #641
  • Feb 28, 2011 5:42am Feb 28, 2011 5:42am
Quoting bandung
Hello traders..

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

[...]

Cheers,
Bandung..
Hi Bandung,

thank you for this amazing indicator and for incorporating your peer's suggestions. I've got another suggestion, how about adding a smoothing factor for the histogram, which would make it possible to see an even more detailed graph.

Gruß,

Wolfgang
  • #642
  • Feb 28, 2011 7:45am Feb 28, 2011 7:45am
Fantastic version of the indi,would somebody be so kind to post a 30M EUR/USD chart with volume profile please for comparison to mine as i do not seem to be able to see VPOC and start/end arrows seem to be out of alignment.

hifx
  • #643
  • Feb 28, 2011 7:55am Feb 28, 2011 7:55am
Quoting HIFX
Fantastic version of the indi,would somebody be so kind to post a 30M EUR/USD chart with volume profile please for comparison to mine as i do not seem to be able to see VPOC and start/end arrows seem to be out of alignment.

the open close arrow is definitely out, i actually notice it that day but toggle it off anyway since i can see it clearly by turning on my period separator. VPO seems ok but i have yet the time to check it with my TOS or Finalg..

FYI @Bandung

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_07 Feb. 28 21.52.gif Size: 33 KB
  • #644
  • Feb 28, 2011 9:31am Feb 28, 2011 9:31am
Thanks Kave,

As a point of interest what time do you have as your start of day ?
Attached Image (click to enlarge)
Click to Enlarge Name: v1.31.gif Size: 44 KB
hifx
  • #645
  • Feb 28, 2011 11:07am Feb 28, 2011 11:07am
Hi Kave,

This s my 1 hr chart showing my VPOC on 11.02.23 @ 1.3588 -89 pips from yours ? This is from my live MIG account where the broker is basd in Swiss +1hr from the uk and is a 5 digit MT4 broker

Is you chart by any chance a futures chart ?

Attached Image (click to enlarge)
Click to Enlarge Name: v1.31_2.gif Size: 36 KB
hifx
  • #646
  • Feb 28, 2011 11:54am Feb 28, 2011 11:54am
Quoting HIFX
Hi Kave,

This s my 1 hr chart showing my VPOC on 11.02.23 @ 1.3588 -89 pips from yours ? This is from my live MIG account where the broker is basd in Swiss +1hr from the uk and is a 5 digit MT4 broker

Is you chart by any chance a futures chart ?


I have IBFX here just for charting on GMT 0 broker time. No futures. I chose IBFX for its better then average tick volume compare to others. So if u use VPO then it should be splendid. Not sure about MIG though...
  • #647
  • Feb 28, 2011 1:55pm Feb 28, 2011 1:55pm
Kave for reference here are the volumes for MIG 1st chart and IBFX 2nd chart,not much diffreence ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mig 30 m.gif Size: 56 KB
Click to Enlarge Name: ibfx 30 m.gif Size: 56 KB
hifx
  • #648
  • Feb 28, 2011 2:18pm Feb 28, 2011 2:18pm
For me i think the low volume test (Yellow ticks)above the ATR sup @1.3707 on the MIG chart is more distinct than IBFX - any comments ?

Attached Image (click to enlarge)
Click to Enlarge Name: mig 30 m 2.gif Size: 60 KB
hifx
  • #649
  • Feb 28, 2011 3:12pm Feb 28, 2011 3:12pm
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...
terima kasih for this great tool.
see how nicely ym retraced from thursdays poc.
but i am not able to display todays profile. do you know how i can show todays profile?
Attached Image (click to enlarge)
Click to Enlarge Name: ym2.gif Size: 42 KB
meine augen sind die sterne
  • #650
  • Feb 28, 2011 4:17pm Feb 28, 2011 4:17pm
Does this indicator work on a 4hour chart ?
I am not getting it to show on 4 hour


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...
  • #651
  • Feb 28, 2011 4:28pm Feb 28, 2011 4:28pm
Quoting toddanderson
Does this indicator work on a 4hour chart ?
I am not getting it to show on 4 hour
Hallo Todd,

it seems like it works only when you choose a monthly or weekly profile time frame as input in the settings slide of the indicator.

Gruß,

Wolfgang
  • #652
  • Feb 28, 2011 6:23pm Feb 28, 2011 6:23pm
Hi all,

It seems today confirmed the breakout of February's value area with essentially a 2-bar engulfing reversal (friday/sunday/today). The push up today was on higher daily volume than Friday's down day which could not manage to close back into Feb's value.

First upside target is 3926 - October's POCt, next target is November's VAH around 1.4150. Obviously not in a straight line

Shorter term, if last week's VAH (~1.3790) doesn't hold that would open the door to the naked weekly POC at 1.3674 and possibly down to 1.3650 (last week's VAL.

Daily chart with monthly profile, and H4 chart with weekly profile attached.

Bandung - I think i found a bug in v1.31. See the daily chart, the profile histogram spans the entire chart from top to bottom. This is also on my 15/30M chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU D1 2011-02-28 at 7.08.20 PM.png Size: 67 KB
Click to Enlarge Name: EU H4 2011-02-28 at 7.17.42 PM.png Size: 65 KB
Change is the only constant
  • #653
  • Feb 28, 2011 6:51pm Feb 28, 2011 6:51pm
Tokyo IB almost complete, but looking weak at the moment with 2 UT's in last 3 bars right at Monday's POCt where there was previous weakness. Out of my long from 3800 (missed the 3790 entry (DIBL) as i didn't have a buy limit set), but don't fancy a short overnight as VA and POC are still moving up. Will look for new long around 3774 in the morning (Monday's VAL).

See you all in the new day!
Attached Image (click to enlarge)
Click to Enlarge Name: EU M15 2011-02-28 at 7.45.25 PM.png Size: 68 KB
Change is the only constant
  • #654
  • Edited 10:20pm Feb 28, 2011 10:00pm | Edited 10:20pm
Quoting HIFX
For me i think the low volume test (Yellow ticks)above the ATR sup @1.3707 on the MIG chart is more distinct than IBFX - any comments ?

Yes indeed. But i think you are viewing it with a wrong perspective in VSA speaking..

By it self is a NS test like bar but i wasn't even looking for a low volume test in the morning..

IN VSA we look for secondary test of strength rather (after u have seen some signs of weak supply) So if u split it into 30mins u see a down bar (should have increase volume) then follows by a another bar close off the highs(with or w/o hi volume) with preferably next bar up on increase volume too. Essentially mini-shakeouts. sorry for being so long-winded..

*Secondary test is a Wykoff terminology (the modern ones)
*mini-shakeout are Secondary test after signs of strengths (I first heard this term from Tom Williams)

My 4hr hour here illustrate which support level i was eying in the morning, a mini-shakeout.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_08 Mar. 01 11.56.gif Size: 17 KB


1hr chart here show the similar mini-shakeout over 2 bars. This is essentially my queue for entry..
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_09 Mar. 01 11.57.gif Size: 27 KB


Here is a VPO showing price reversing back up (spring) on POC)
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_11 Mar. 01 12.19.gif Size: 23 KB
  • #655
  • Mar 1, 2011 2:52am Mar 1, 2011 2:52am
missing this thread...

gu already runaway from monday VA
eu still in it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-mp-letter.png Size: 48 KB
Click to Enlarge Name: gu-mp-letter.PNG Size: 49 KB
...
  • #656
  • Mar 1, 2011 3:05am Mar 1, 2011 3:05am
thanks guys for reporting the bugs on mp indicator..., you find it faster than me...

here is some update vor V1.31
Inserted Code
v1.31.rev1  add Ticksize, VolAmplitudePercent
            bug fix : 
            - Profile High and Low misscalculated when high or low of the day 
              occured at first m30 candle.
            - Open and Close Arrow Location
            - profile missing when DayStartHour not exist on the chart 
              like Hour 0 not exist on some days on #YMH1 chart (fxpro);
Attached File(s)
File Type: mq4 ay-MarketProfileDWM.v1.31.rev1.mq4   36 KB | 2,967 downloads
...
  • #657
  • Mar 1, 2011 3:10am Mar 1, 2011 3:10am
Quoting tgwhbb
Hi all,

It seems today confirmed the breakout of February's value area with essentially a 2-bar engulfing reversal (friday/sunday/today)....
@kave, @jamie, @aserbfx
try v1.31.rev1, it should fix the issues you posted...
...
  • #658
  • Mar 1, 2011 3:19am Mar 1, 2011 3:19am
Quoting bandung
missing this thread...

gu already runaway from monday VA
eu still in it
WoW, interesting chart, Would you share d indi please?
  • #659
  • Mar 1, 2011 4:08am Mar 1, 2011 4:08am
Nice retest of the 6253 POC level - also the hourly 20 sma- during Frankies Hour gave a ~70 pip rally to new highs for the year.

IF the 6300 area holds, another leg up would target the Jan 2010 high at 6450......
Attached Image (click to enlarge)
Click to Enlarge Name: mar 1 gu 15m 1000 gmt.gif Size: 40 KB
Trading Levels with WRBs
  • #660
  • Mar 1, 2011 4:19am Mar 1, 2011 4:19am
Quoting kave
My 4hr hour here illustrate which support level i was eying in the morning, a mini-shakeout.
Attachment

1hr chart here show the similar mini-shakeout over 2 bars. This is essentially my queue for entry..
Attachment

Here is a VPO showing price reversing back up (spring) on POC)
Attachment

Hi Kave,

Thanks for the charts, I really like your posts!Keep them coming...
Have a nice day
Mel
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