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Auction Market Theory and Market Profile

  • #1,101
  • Mar 25, 2011 4:21pm Mar 25, 2011 4:21pm
Quoting mzvega
I apologize, for not giving credit where the credit is due! I love your indi. I love how it changes with the sessions. Great work. I was looking to have the daily IB with 1 ˝, 2x’s and 3x’s IB levels for that day, as it is now, but with the com. capping levels included. However, it would be nice to be able to place the indi twice on the chart. One for daily short term intraday levels and another for longer term reference or a combination to show all the levels.
if i can find the time to update the indi i will It may take a little while, day job keeping me too busy recently.
Change is the only constant
  • #1,102
  • Mar 25, 2011 5:09pm Mar 25, 2011 5:09pm
I wanted to share some info from one of my favorite books "Mind over Markets". The table helps form a bias.
Attached Images
Markets are not efficient, rather they are effective - Jones
  • #1,103
  • Mar 25, 2011 6:39pm Mar 25, 2011 6:39pm
I've been lurking here for a while and reading this thread. I never though I could find a gathering of traders who actually utilize both VSA and MP - as I have been for a while now. I have to say, kudos to everyone participating in this thread especially Bandung;

I created my own MP last year with limited coding experience and I remember thinking to myself how incredible it would be if someone could get a "proper" profile onto MT4 and you did it, Bandung.. It's truly an amazing product, my friend. Words alone cannot express my gratitude towards what you've accomplished but, thank you for a proper profile for MT4!
  • #1,104
  • Mar 25, 2011 9:34pm Mar 25, 2011 9:34pm
Quoting Bilstein
I've been lurking here for a while and reading this thread. I never though I could find a gathering of traders who actually utilize both VSA and MP - as I have been for a while now. I have to say, kudos to everyone participating in this thread especially Bandung;

I created my own MP last year with limited coding experience and I remember thinking to myself how incredible it would be if someone could get a "proper" profile onto MT4 and you did it, Bandung.....
Welcome Bilstein! don't hesitate to share your thoughts and charts!
Change is the only constant
  • #1,105
  • Edited 1:28am Mar 26, 2011 1:02am | Edited 1:28am
Quoting bandung
there is alot of move... and i dont catch any... nevermind

anyway...
this is the first release(beta) of my MP-Text indicator




it using dll for mp main calculation, it faster then using mt4. It load 100 daily profiles without a blink on my laptop...

  1. ay-MT4MPLibL.dll belong to YOURMT4FOLDERexpertslibraries
  2. ay-object.func.mqh belong to YOURMT4FOLDERexpertsinclude
  3. ay-MP-text.mq4 belong to to YOURMT4FOLDERexpertsindicators

cheers..
bandung

ps:
if u interisting in programming your own MP profile you can use this...



Yeah, tks bro..

ThinkorSwim I use call it Monkey Bars

MT4 we have our scrabble sets

Will try & let u know. HG suggestion is pretty interesting with regards to coloring of text

In TOS the colors are reference to market session...

Anyway tks again.

PS: Not sure what it is but i loaded it ok but nothing is display on the chart, compile with 4 errors but no warnings. I should have all the files sin the right places...hmmm
  • #1,106
  • Mar 26, 2011 2:57am Mar 26, 2011 2:57am
Quoting kave
Yeah, tks bro..

ThinkorSwim I use call it Monkey Bars

MT4 we have our scrabble sets

Will try & let u know. HG suggestion is pretty interesting with regards to coloring of text

In TOS the colors are reference to market session...

Anyway tks again.

PS: Not sure what it is but i loaded it ok but nothing is display on the chart, compile with 4 errors but no warnings. I should have all the files sin the right places...hmmm
yeah... kave, finally we have our scrabble sets released...

maybe you need this... http://www.forexfactory.com/showpost...postcount=1089
...
  • #1,107
  • Mar 26, 2011 3:05am Mar 26, 2011 3:05am
I found some glitch in profile info (the text above profile).. vah,poc and val price not printed correctly...

here is an update..
this file belong to indicators folder
Attached File(s)
File Type: mq4 ay-MP-Text.v1.01.mq4   22 KB | 1,009 downloads
...
  • #1,108
  • Mar 26, 2011 3:09am Mar 26, 2011 3:09am
Quoting HiddenGap
Bandung very nice. I find myself thinking about MT4 now.....

Just curious, can you color the letters by time period?
HG... i think it possible,
how this letter color work? is it like what kave describe, different market sessions have different letter color..?
...
  • #1,109
  • Edited 3:48am Mar 26, 2011 3:36am | Edited 3:48am
Quoting bandung
yeah... kave, finally we have our scrabble sets released...

maybe you need this... http://www.forexfactory.com/showpost...postcount=1089
It work tks.

Call to DLL is indeed fast. I can foresee the next version of your MPDWM making calls to DLL too

Notice that i will need to switch my LCD monitor to portrait mode, running out of display estate for this scrabbles...
  • #1,110
  • Mar 26, 2011 6:18am Mar 26, 2011 6:18am
Quoting bandung
I found some glitch in profile info (the text above profile).. vah,poc and val price not printed correctly...

here is an update..
this file belong to indicators folder
great indicator bro.. love it

KG
  • #1,111
  • Mar 26, 2011 8:51am Mar 26, 2011 8:51am
Quoting bandung
I found some glitch in profile info (the text above profile).. vah,poc and val price not printed correctly...

here is an update..
this file belong to indicators folder
Bandung you are the man.
  • #1,112
  • Mar 26, 2011 8:52am Mar 26, 2011 8:52am
Quoting tgwhbb
Welcome Bilstein! don't hesitate to share your thoughts and charts!
Right on
  • #1,113
  • Mar 26, 2011 12:33pm Mar 26, 2011 12:33pm
Quoting bandung
I found some glitch in profile info (the text above profile).. vah,poc and val price not printed correctly...

here is an update..
this file belong to indicators folder
Bandung,
Simply aaaaamazing! I don’t believe ive seen anything quite as beautiful as this on a mt4 platform. Great work , You have my utmost respect!
Would it be asking too much if it would be possible to add “volume” to the text above the profile to quickly compare yesterdays, and previous days volume, to the current days volume . Also , similar to your other indi., an arrow or something to mark the open and the first hour range?
Attached Image (click to enlarge)
Click to Enlarge Name: ay question.jpg Size: 108 KB
Markets are not efficient, rather they are effective - Jones
  • #1,114
  • Mar 26, 2011 12:43pm Mar 26, 2011 12:43pm
Good to be here!

It looks as if y'all are into tweaking this ingenious indicator. I see that in the new version, you added the O/H/L/C values into the profile info. Have you thought about incorporating the volume for the day into that information? Or the rotational factor? The MP I coded up - which is miles away from being as good as this - I tried to mimic the one provided by the emini folks with all of the information they provided with their profiles such as;

Volume for the day.
Rotational factor.
Trade Facilitation Factor.

I didn't know if any of y'all paid attention to RF and TFF - obviously you reference volume - but I do know RF is mentioned in "Value Based Power Trading" by Donald Jones, as is TFF ratio. Trade Facilitation is the total number of TPOs in the profile divided by the range of the day in points.

It's a useful tool for determining how well trade is being facilitated by the market for any given day - as when trade is being adequately facilitated the profile will expand more horizontally than vertically (more range trading than trend). The Rotational Factor is good for determining wither auction rotations for the day favor the buyer or seller. It's actually quite a simple method of calculation.

Essentially, if we begin on period A we start with a 0 value. When we move to period B, if period B's high is higher than that of period A period B is assigned a value of +1. If period B's high is lower than that of period A than it is assigned a -1. Same for period B's lows; if higher than period A than we assign a +1 if lower we assign a -1. We continue to tally these values assigning each candle for the day (respective to time period being observed) a total value of -2 to +2 dependent upon the aforementioned circumstances.

At the end of the day you'll have a tally of the entire day; a positive total indicates that auction rotations favors the buyer, negative number favors the seller.

I'm awful at explaining things so if it seems confusing, here is a video I found when doing research a while back:

http://kurtosistrading.com/blogspot/?p=702
(I do not own the site nor know the person running it)

That video is a quick brief on the RF and how it's calculated. Again, I'm new here and am in no place to tell anyone how to do anything, just trying to get up-to-speed and participate!

  • #1,115
  • Edited 1:46pm Mar 26, 2011 1:34pm | Edited 1:46pm
Hi Bundang,

I bet request for new feature for your scrabble set will be coming in piping hot.

Anyway, I spotted a "doji" like bar lurking amongst those "text" & I doubt it is meant to be use as a wildcard..

Though you may wana check it out..

tks.

PS: Nevermind...set my chart to line graph (color none)...is gone now...

Charting on IBFX
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Mar. 27 02.13.gif Size: 29 KB
  • #1,116
  • Mar 26, 2011 1:39pm Mar 26, 2011 1:39pm
Quoting kave
Hi Bundang,

I bet request for new feature for your scrabble set will be coming in piping hot.

Anyway, I spotted a "doji" like bar lurking amongst those "text" & I doubt it is meant to be use as a wildcard..

Though you may wana check it out..

tks.

Charting on IBFX
Attachment

That's normal. I learned when coding my MP that sometimes the colors would flicker for some reason. If you're using candle chart and you change all the colors to "none", sometimes the dojis will flicker colors in the background. I usually use the line chart and set the color to none and sometimes, the line chart will flicker like a lightning bolt across the screen, lol.

I have no clue why it does this but I couldn't figure out how to make it stop. I think it's just an MT4 thing.
  • #1,117
  • Mar 27, 2011 3:13am Mar 27, 2011 3:13am
thanks guys for given a try to mpletter indi...


and omg.. I cant stop doing this mp things ...

this is pbylina post about mini profile, i think it will be a good amt/mp tool, because we can grab some more information on each bar...


Quoting pbylina
I'd be happy explain! Ok, Theres a blog of this guy that daytrades Using Volume Profle. He has 30 videos, you should start from the oldest one first because they build off of eachother. Anyways, He trades using the daily profile and has the 15min mini profiles. In one of his videos the price came to the Daily VAL. On the 15min profile the PVP was outside of the DVAL, price did not close below the DVAL, and their was an increase of volume, which=Rejection, go long!
Heres the site:http://eminiprofiledaytrading.wordpress.com/
He's missing...


and i found my self staring on this miniprofile chart.
this is H1 TPO profile, viewed on M5 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: miniprofile.png Size: 49 KB
...
  • #1,118
  • Mar 27, 2011 3:17am Mar 27, 2011 3:17am
Quoting Bilstein
That's normal. I learned when coding my MP that sometimes the colors would flicker for some reason. If you're using candle chart and you change all the colors to "none", sometimes the dojis will flicker colors in the background. I usually use the line chart and set the color to none and sometimes, the line chart will flicker like a lightning bolt across the screen, lol.

I have no clue why it does this but I couldn't figure out how to make it stop. I think it's just an MT4 thing.
wellcome to FF amt/mp family Bilstein ...
...
  • #1,119
  • Mar 27, 2011 3:21am Mar 27, 2011 3:21am
Quoting mzvega
Bandung,
Simply aaaaamazing! I don’t believe ive seen anything quite as beautiful as this on a mt4 platform. Great work , You have my utmost respect!
[font=Times New Roman][font=Verdana]Would it be asking too much if it would be possible to add “volume” to the text above the profile to quickly compare yesterdays, and previous days volume, to the current days volume . Also , similar to your other indi., an arrow or something to mark the open and the...
thanks for your kind words mzvega...

appreciate you input, i will check it, maybe i can do something about it.
...
  • #1,120
  • Mar 27, 2011 5:36am Mar 27, 2011 5:36am
To hide this doji you need to set the Line Graph color (press F8).

Ox

Quoting kave
Hi Bundang,

I bet request for new feature for your scrabble set will be coming in piping hot.

Anyway, I spotted a "doji" like bar lurking amongst those "text" & I doubt it is meant to be use as a wildcard..

Though you may wana check it out..

tks.

PS: Nevermind...set my chart to line graph (color none)...is gone now...

Charting on IBFX
Attachment
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