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Auction Market Theory and Market Profile

  • #5,001
  • Dec 20, 2012 11:10am Dec 20, 2012 11:10am
Quoting drzakir123
does these indicator work on metatrader,i tried to do this but they wont open.i dont know how to put on metatrader,they do appear on custom indicator but that is it,wont open,does anyone help me how to fix this,regards



Hi drzakir123,



when you apply this indicators for e.g. daily market profile, you have to take care that you set the TF to 15min or 30min. Try the lower TF's out...
  • #5,002
  • Dec 20, 2012 11:11am Dec 20, 2012 11:11am
Thoughts on the chart, M30 EU
Attached Image (click to enlarge)
Click to Enlarge Name: 1220a.png Size: 46 KB
  • #5,003
  • Dec 20, 2012 11:25am Dec 20, 2012 11:25am
Quoting infinitus
Hi drzakir123,



when you apply this indicators for e.g. daily market profile, you have to take care that you set the TF to 15min or 30min. Try the lower TF's out...
nothing happen,what i am doing is open computer---program files--oanda metatrader---experts---indicator---pasting the download u provided. and its appearing on custom indiactor,i dont know if i am doing anything wrong
Allah has permitted trade and has forbidden interest [koran]
  • #5,004
  • Dec 20, 2012 11:25am Dec 20, 2012 11:25am
Quoting mzvega
Its refreshing to hear someone acknowledge that fact.........


Trading the lines on the MP/VP graphic as S&R is pretty much a coin toss, with 50/50 odds at best.
[font=Verdana]Understanding the Auction Market process allows you to assess the odds of price continuation higher/lower, or the odds of a reversal……………(i.e. price above value does not necessarily mean price is "over valued"), where price opened is a factor that would change the context, where we are relative to the higher tf distribution may also change the...
http://www.cbc.ca/manitoba/scene/ima...cock%20620.jpg
  • #5,005
  • Dec 20, 2012 11:38am Dec 20, 2012 11:38am
Quoting drzakir123
nothing happen,what i am doing is open computer---program files--oanda metatrader---experts---indicator---pasting the download u provided. and its appearing on custom indiactor,i dont know if i am doing anything wrong
Ha, see what is happening:


I am sure you are using windows 7


if this is the case be aware, that windows stores some of the information at another location:

lwatch for the following direction on your drive C:

C:UsersinfinitusAppDataLocalVirtualStoreProgram Files (x86)FXCM MetaTrader 4expertsindicators


change "infinitus" with your user name on your computer

change"FXCM Meta trader 4" with your Metatrader


You have to store the indicator in this directory


If that does not help let me know
  • #5,006
  • Dec 20, 2012 11:42am Dec 20, 2012 11:42am
Quoting infinitus
My big wish is this indicator, where I can determine via the start and end date the time span of the bell curve. Someone there with programming skills?
> Exactly my wish too!

Quoting infinitus

Now you ask me wherefore, I think. Well, I like to back test old data respectively Elliot waves in the past, where I can be sure, that it was an impulsive move. Because I like to research the difference in Market Profile between impulsive and corrective waves.

>> This sounds interesting, pls do tell more when you get time.
  • #5,007
  • Dec 20, 2012 12:13pm Dec 20, 2012 12:13pm
Quoting infinitus
Hi drzakir123,



when you apply this indicators for e.g. daily market profile, you have to take care that you set the TF to 15min or 30min. Try the lower TF's out...
thanks for the response,i am posting chart as its appearing to me.what input ur putting,it still not appearing properly like urs.help
Attached Image (click to enlarge)
Click to Enlarge Name: my fiasco.gif Size: 16 KB
Allah has permitted trade and has forbidden interest [koran]
  • #5,008
  • Dec 20, 2012 12:50pm Dec 20, 2012 12:50pm
Quoting drzakir123
thanks for the response,i am posting chart as its appearing to me.what input ur putting,it still not appearing properly like urs.help

Input parameters:


Look back: 32
Use Volume Profile: true
Profile Timeframe: D
Day start hour: 22 (I am on GMT, and that is the time of the daily roll)
VATPO Percent: 70
TickSize: 1
Extended POC Lines 32
Show price histogram: true
Show value area: true
Show VAHVAL Lines: true
Show openClose arrow: true
  • #5,009
  • Dec 20, 2012 1:36pm Dec 20, 2012 1:36pm
Quoting infinitus
Input parameters:


Look back: 32
Use Volume Profile: true
Profile Timeframe: D
Day start hour: 22 (I am on GMT, and that is the time of the daily roll)
VATPO Percent: 70
TickSize: 1
Extended POC Lines 32
Show price histogram: true
Show value area: true
Show VAHVAL Lines: true
Show openClose arrow: true
hi,thank v v much.appreciated and so grateful to u.now u have forced me to brush my knowledge about market profile.as a appreciation of ur help here is a vouch for u.please do accept it.regards
Allah has permitted trade and has forbidden interest [koran]
  • #5,010
  • Dec 20, 2012 11:20pm Dec 20, 2012 11:20pm
Quoting drzakir123
hi,thank v v much.appreciated and so grateful to u.now u have forced me to brush my knowledge about market profile.as a appreciation of ur help here is a vouch for u.please do accept it.regards
Thank you very much :-)

Much appreciated......
  • #5,011
  • Dec 20, 2012 11:21pm Dec 20, 2012 11:21pm
Quoting drzakir123
hi,thank v v much.appreciated and so grateful to u.now u have forced me to brush my knowledge about market profile.as a appreciation of ur help here is a vouch for u.please do accept it.regards
Take a look at this book:

http://www.filecrop.com/66654199/index.html
  • #5,012
  • Dec 21, 2012 12:34am Dec 21, 2012 12:34am
Quoting infinitus
Take a look at this book:

http://www.filecrop.com/66654199/index.html
thank u very much for the link.by the way indicator fine,its the setting of my metatrader which is causing problem,like in properties backgound and forefround set none hence i was unable to see anything,now i change it to black and white its working fine i was much frustrated becos of this so i left my market profile studies and used to draw it with hand manually but very time consuming and me being very busy left it.do u have any indicator which can show seperately asian,european,and ny session.also if u got anything which club all this session together and give one single profile over weekly,monthly,qurterly, yearly etc.ur help will be appreciated.
Allah has permitted trade and has forbidden interest [koran]
  • #5,013
  • Dec 21, 2012 2:00am Dec 21, 2012 2:00am
Quoting infinitus
Hi MZVega,

good post - saved it for further reference :-)

Are you able to provide an analysis, or better trading conclusion, on all of this points for tomorrow?

I am asking, because basing an opinion on such a huge amount of information/topics seems, at least for me, nearly impossible.


Out of all topics you gave - what are the most important say 4-8?


Thanks in advance,


Markus

All of them are important……………one might find it easier to wrap one's mind around the subject, knowing each of those items fall into one of a few categories Value Area Placement, Directional Performance, Range Extension, Opening/Day type & conviction, Timeframe Control. It also requires end of day analysis, and a trading plan. If you spend a few minutes at the end of each day/session and have a plan to anticipate the 3 possible trade scenarios at your reference areas/points of interest, all you need to do is monitor for change.

How you view the auction process depends on the time frame you are trading. If you familiarize yourself with the Auction Market Process, you'll find what reference areas, are most relative to you & your style & TF of choice. If you read the thread you'll find many different approaches to trading the Auction Market Process and the proper indicator to display useful "market generated" info. May I suggest the following books for further reference (also found on the first page).

http://www.4shared.com/office/ivp7jU...r_Markets.html
http://www.4shared.com/office/86LvWx...__Jones_E.html
Markets are not efficient, rather they are effective - Jones
  • #5,014
  • Dec 21, 2012 9:00am Dec 21, 2012 9:00am
Quoting drzakir123
thank u very much for the link.by the way indicator fine,its the setting of my metatrader which is causing problem,like in properties backgound and forefround set none hence i was unable to see anything,now i change it to black and white its working fine i was much frustrated becos of this so i left my market profile studies and used to draw it with hand manually but very time consuming and me being very busy left it.do u have any indicator which can show seperately asian,european,and ny session.also if u got anything which club all this session...
try this one, but on my platform it causes performance problems when running longer


maybe only use 10 periods back or so or try simply out


best to be seen on black/white settings in MT4
Attached File(s)
File Type: mq4 MarketProfile.mq4   5 KB | 931 downloads
  • #5,015
  • Dec 21, 2012 9:09am Dec 21, 2012 9:09am
Quoting mzvega
All of them are important……………one might find it easier to wrap one's mind around the subject, knowing each of those items fall into one of a few categories Value Area Placement, Directional Performance, Range Extension, Opening/Day type & conviction, Timeframe Control. It also requires end of day analysis, and a trading plan. If you spend a few minutes at the end of each day/session and have a plan to anticipate the 3 possible trade scenarios at your reference areas/points of interest, all you need to do is monitor for change....


Haha, thought there is a shortcut to all of this


Just joking - the method is complex. So I have to dig really deep into it to make educated guesses.

Thanks for the links to the books. I am just digesting the informations of the book which link I posted above.


I am mainly trading reaction at S/R-zones, mainly on 5 and 15min charts. I use for the short to long term picture Elliott wave and I am looking if market profile can be a useful addition to that.


Thanks for your time.


For you as well as for all Traders here:

wish all of you a merry Christmas (or whatever you are celebrating) and a happy New Year!!!
  • #5,016
  • Edited 10:51am Dec 21, 2012 10:26am | Edited 10:51am
Quoting drzakir123
thank u very much for the link.by the way indicator fine,its the setting of my metatrader which is causing problem,like in properties backgound and forefround set none hence i was unable to see anything,now i change it to black and white its working fine i was much frustrated becos of this so i left my market profile studies and used to draw it with hand manually but very time consuming and me being very busy left it.do u have any indicator which can show seperately asian,european,and ny session.also if u got anything which club all this session...
The indicator your choosing to use lacks the majority of of "market generated info". If all you plan to do is trade S&R, you should find it sufficent. But, Initial balance. Range extention, tpo count, vol, rotation factor, quality close, etc, are all lacking.

If you take a little time to browse the thread youll find the most updated & useful indicators. The ones ive posted have the ability to track the D,W,M.Q,Y profiles with the option to merge & split the daily profile into sessions, it also allows you to merge x amount of daily profiles to form one large distribution.....
http://www.forexfactory.com/showthre...03#post5389603

http://www.forexfactory.com/showthre...52#post5310452

There are some that just handle D,W,M,Q,Y
the one I use for D,W,M,Q,Y profiles (imo most user friendly
http://www.forexfactory.com/showthre...86#post4608586

You will find instructions all over the thread on how to install them
the attachment list is a great resource........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: profile & sessions splits.jpg Size: 174 KB
Click to Enlarge Name: profiles.jpg Size: 161 KB
Click to Enlarge Name: xx.jpg Size: 119 KB
Attached File(s)
File Type: mq4 #ay-TPOChart.v1.02.mq4   46 KB | 1,465 downloads
File Type: ex4 ay-TPOChart.v1.31.ex4   89 KB | 1,416 downloads
Markets are not efficient, rather they are effective - Jones
  • #5,017
  • Dec 22, 2012 9:24am Dec 22, 2012 9:24am
Quoting mzvega
The indicator your choosing to use lacks the majority of of "market generated info". If all you plan to do is trade S&R, you should find it sufficent. But, Initial balance. Range extention, tpo count, vol, rotation factor, quality close, etc, are all lacking.

If you take a little time to browse the thread youll find the most updated & useful indicators. The ones ive posted have the ability to track the D,W,M.Q,Y profiles with the option to merge & split the daily profile into sessions, it also allows you to merge x amount of daily profiles...
thank u very much,much appreciated.initially i have some problem about how to use or transfer the indicator to metatrader but got it ultimatley.i hope will be posting more with time about real trades and analysis.first i have to brush my knowledge, one more time which i am going to do it during christmas.
no,i wont be using it as S&R tools,i will be using it as more to feel the market and positioning of my trades.yes rotation factor is important but i dont know about the volume as its not availbale.tick volume i dont know about it how much one can rely on it becos its the broker specific tick volume.i believe tpo count will be enough for asessing what happening in the market .regards
Allah has permitted trade and has forbidden interest [koran]
  • #5,018
  • Dec 23, 2012 12:39am Dec 23, 2012 12:39am
Quoting drzakir123
thank u very much,much appreciated.initially i have some problem about how to use or transfer the indicator to metatrader but got it ultimatley.i hope will be posting more with time about real trades and analysis.first i have to brush my knowledge, one more time which i am going to do it during christmas.
no,i wont be using it as S&R tools,i will be using it as more to feel the market and positioning of my trades.yes rotation factor is important but i dont know about the volume as its not availbale.tick volume i dont know about it...

is version 1.31 is the last version and contain all features ??????
  • #5,019
  • Dec 23, 2012 1:00am Dec 23, 2012 1:00am
Quoting skyscraper
Bandung,
In your doc you have used indicator ay.TPOChart.1.32, any plan to share it soon?
does any one have the version 1.32 ???
  • #5,020
  • Dec 23, 2012 4:01am Dec 23, 2012 4:01am
Quoting zelenko
is version 1.31 is the last version and contain all features ??????
yes i think so,and if u look couple of post above at msvega post this is what she has pointed toward ie version 1.31 regards
Allah has permitted trade and has forbidden interest [koran]
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