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Auction Market Theory and Market Profile

  • #5,041
  • Jan 4, 2013 10:10pm Jan 4, 2013 10:10pm
I want you help please

i have donloaded version 1.31

and it's very verygood

it has almost all the features any one can imagine

so i try to use the box in the down left corner

and i chose merge and enter some number i found that the profiles have changed so try to undo what i have done but i don' know how so i have tried to make split but the profile has changed more

see the picture i attached

all i want to know

1- how to undo all the changes that i have done using the box and return the profile to it's standard view ???

2-how to use this box int the right way ???
Attached Image (click to enlarge)
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  • #5,042
  • Edited 4:00am Jan 5, 2013 3:15am | Edited 4:00am
Quoting zelenko
......... i chose merge and enter some number i found that the profiles have changed so try to undo what i have done but i don' know how so i have tried to make split but the profile has changed more

The candles aren't going to match the same areas as the profile graphic (no matter what settings you use)………………………………………….
The indicator is only using (borrowing) space on the chart……… it's independent of the candles on the chart. Only the current candle is in sync. the candlesticks represent PA (noise). When you change tf's you can see the PA (noise) changes dramatically But no matter what tf your looking at Value remains constant. AMT is about trading Value not price. I am guilty of leaving the candles showing on my charts, but I am aware that all the candles to the left of the current candle don’t represent the same areas as the profile graphic, its dynamic.

See the 5m chart, it has less than 1 day of data worth of candles, but yet you have 7 days of profile data.
http://www.forexfactory.com/showthre...00#post5227800
http://www.forexfactory.com/showthre...59#post5354959
http://www.forexfactory.com/showthre...56#post5335356

Quoting zelenko
.........1- how to undo all the changes that i have done using the box and return the profile to it's standard view ???
You undo changes with an X (see image)…………
http://www.forexfactory.com/showthre...94#post6024894
http://www.forexfactory.com/showthre...79#post6021679

Quoting zelenko
2-how to use this box int the right way ???
Instead of creating a text box (see link) and , (it now is automatic), you just enter data the same way. If you read the thread and the posts after the indicator was posted, you'll run into many answers to your questions.
http://www.forexfactory.com/showthre...52#post5310452


I apologize, my hard drive went out on me last Friday. I've spent the last week replacing it & getting my computer, files & programs back in order. My time is spread a little thin at the moment, I don’t have much time to search the thread for old posts.
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Markets are not efficient, rather they are effective - Jones
  • #5,043
  • Jan 5, 2013 11:58am Jan 5, 2013 11:58am
Quoting mzvega
The candles aren't going to match the same areas as the profile graphic (no matter what settings you use)………………………………………….
The indicator is only using (borrowing) space on the chart……… it's independent of the candles on the chart. Only the current candle is in sync. the candlesticks represent PA (noise). When you change tf's you can see the PA (noise) changes dramatically But no matter what tf your looking at Value remains constant. AMT is about trading Value not price. I am guilty of leaving the candles showing on my charts, but I am aware...

THANK YOU VERRRRRRRRRRYYYYYYYYYYY MUCH NOW EVERY THING WORK FINE AND I COULD MANAGE THE PROFILE NOW

BECAUSE YOU ARE A VERY generous PERSON

SO CAN I ASK ANOTHER FAVOR ????

I HAVE A LOT OF BOOKS AND VIDEOS FOR LEARNING MARKET PROFILE CAN YOU ADVISE ME WHAT TO READ OR TO WATCH

I ATTACH THE MATERIALS I HAVE


NOTE : I SEND YOU A PRIVATE MASSAGE LAST WEEK
Attached Image(s) (click to enlarge)
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  • #5,044
  • Jan 5, 2013 2:15pm Jan 5, 2013 2:15pm
Hello,

I just started reading this thread and it piqued my interest, it reminded me of working with digital signal processing. So I started playing with the indicator, but I've noticed that once you start merging multiple days of the trading week into one profile, like many people suggest, you get a noisier profile that doesn't have the characteristic normal distribution that everyone talks about with amt. Here is a graph that shows a pretty noisy profile:

http://quickpic.us/img/16/hmm.gif

The other thing I was wondering about was the criteria people take trades on. What I have read so far suggests that people use this like a breakout strategy, but it seems like more that just that. When I go through this thread, I see a lot of references to several concepts that I can't actually find the explanations of anywhere. Is there a general resource that I'm missing somewhere?
  • #5,045
  • Edited 6:46pm Jan 5, 2013 6:23pm | Edited 6:46pm
Quoting zelenko
I HAVE A LOT OF BOOKS AND VIDEOS FOR LEARNING MARKET PROFILE CAN YOU ADVISE ME WHAT TO READ OR TO WATCH I ATTACH THE MATERIALS I HAVE

Here is a resource list I personally place the most value on………………………..

"Mind over markets".pdf imo the best, it starts with the basics, opening types, day types & conviction, and works its way to advanced concepts. "Mind over markets" builds oneach piece of the puzzle, as it builds the whole.
http://www.4shared.com/office/ivp7jU...r_Markets.html

"Markets in Profile"pdf is very ambiguous, until you get to the last couple of chapters, then you get the basics of day trading. Imo its somewhat a backwards way of understanding. It starts with the whole picture of things, and then gets into the smaller components. "Mind over markets" starts with the day types & opens, and builds on each piece of the puzzle, as it builds the whole. For my learning process I need to see how each piece makes up the whole. I cant visualize the whole, and then figure out how & why & where the smaller pieces fit in. Being that I am a female, it could definitely be a "Left brain /Right brain" thing that makes it difficult for me to grasp concepts presented in a certain way. But imo "Mind over Markets" provides a more systematic, organized way of presenting concepts.
http://www.4shared.com/office/86LvWx...__Jones_E.html


James Dalton Field of Vision videos 1-4 great videos, but the author himself suggests you read "Mind over Markets" or "Markets in Profile" as a prerequisite to watching (I think you can watch the videos online there, as well as download the files)
http://www.4shared.com/video/nCRX2yn9/james_d4.html

Dalton Capital –Using Market Logic Techniques with the Market Profile – Advanced Course Audio & Workbook
This was good, it also provided more in depth directional performance relationships. It separated PA traders (daytimeframe traders) from value traders. Its very interesting when the day timeframe sees the market a strong, but in a certain context, value traders will see it as a weak market, (it helps keep you on the right side of a false breakout) This small piece of analysis info I have not found anywhere else, the other book's examples of directional performance relationships only refer to the day timeframe, not the longer tf .
http://www.4shared.com/rar/4gRjZBwQ/...g_market_.html

Alex Benjaminmp101-103
I am a big fan of this trader........
http://www.videos.traderslaboratory....-Alex-Benjamin(MP101)
http://www.videos.traderslaboratory....-Alex-Benjamin(MP102)
http://www.tradingclinic.com/oneoff/...l20080606.html **********

*******MP 103 is one of the best resources of advanced concepts I have come across so far. I have not found many resources that go in-depth about initial balance & range extension. He even gives history of how the Initial balance came about and how London has and still applies the same concept since 1694. The concept of IB doesn't come from Pete Steildmeyer, the concept goes back 400 years in London (1:40 into the video). He also introduced a way of track & simulate the "Liquidity Database" provided by CBOT at the time, to track commercial activity. The LDB is not longer provided, but the ability to track commercial activity yourself is still intact. I apply these same concepts in my trading every day. But this video has given me the greatest edge in AMT.
http://www.tradingclinic.com/oneoff/...l20080606.html (had to post it again)

BalanceTrader videos are a good source of info for applying merged profiles……..

The majority of the online webinars, etc. are glossed over tidbits of "out of context" information. If you could the really grasp & learn the auction market process from these short online videos, the people offering these clips, wouldn't feel the need to solicit you to buy their advanced MP courses. And where do these advanced concepts from these advanced online courses come from? From some one has taken the time to actually read a few of the books. When you have actually read a couple of the books, every thing you read or see on the internet will seem very uninformed, simplistic, and somewhat primitive.
Markets are not efficient, rather they are effective - Jones
  • #5,046
  • Jan 5, 2013 6:59pm Jan 5, 2013 6:59pm
Quoting mzvega
Here is a resource list I personally place the most value on………………………..

"Mind over markets".pdf imo the best, it starts with the basics, opening types, day types & conviction, and works its way to advanced concepts. "Mind over markets" builds oneach piece of the puzzle, as it builds the whole.
http://www.4shared.com/office/ivp7jU...r_Markets.html

"Markets in Profile"pdf is very ambiguous, until you get to the last couple of chapters, then you get the basics...
as i told you before you are veryyyyyyyyyyyy generous

i will start with
mind over market
then
market in profile
then
field of vision
then
dalton capital
then
mp 101 and 102
then
mp 103

thaaaaaaaank you again i will till you when i finish

it's a surprise to know that you are a female

  • #5,047
  • Jan 6, 2013 8:45am Jan 6, 2013 8:45am
Hello Traders,

Reading this thread and the other posts in threads near by, I would like to contribute a bulk of indicators (they are free in use) linked to the futures dataflow (through intermediary of the Clusterdelta.com) and oriented to MT4 applying (unfortunately, the .ex4 files are only available). I do not know if these indicators are already published in the FF forums, but if NOT, here they are...

The main thing you should pay attention to is that the quotations of futures E6 (eur/usd), having full correlation to the spot market, differ from the quotations of your broker in numbers. To have this corrected you should set the parameter forex_shift in that indicator you are interested in. Мoreover this parameter should be controlled weekly because the forex_shift is converging to zero while the expiration date is approaching.

The futures quotations are available in the Clusterdelta terminal (the ClusterDelta Online.exe file is packed as well).

Note that the indicators are not functional in the bank-holidays and nonbusiness days, and you can not see the data from the exchange servers in these days.

Enjoy.
Attached File(s)
File Type: zip ClusterDelta VSA indicators only.zip   104 KB | 1,834 downloads
Hunting High and Low
  • #5,048
  • Jan 7, 2013 11:44am Jan 7, 2013 11:44am
ok today being monday and not much of a news,i consider it low volume day.today value is down but price is up.it form a nice 'b' with most of the volume happening in lower part and then in new york session short covering rally happened.the thing is this rally happen on low volume,which means rally doesnt have much of a spite in it and i dont think it will reach places.i think now lots of positioning happening in view of coming ECb meeting.i feel this rally should peter out by 1.3160/80 and downtrend to start again.lets observe what happen,i am building a small short position from 1.3103,in anticipation of price going down further.
also looking through the chart below it gives an impression that buyer found value between 1.3050 and 1.3000 and it will be interesting to see where seller going to find value next 2 days.my feeling is between 1.3160/80 range.
Attached Image (click to enlarge)
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Allah has permitted trade and has forbidden interest [koran]
  • #5,049
  • Jan 9, 2013 7:36am Jan 9, 2013 7:36am
Hi all.

Bandung have made several updates to his tpo indicator to version 1.32 (lastest & greatest). There are some cosmetic change & bug fix. U can see for yourself here.

http://i.imgur.com/t0SDX.gif

Another one is the rotation factor indicator which was cooked up some time ago, just an experimental indicator, but for those who monitor RF in real-time could find it useful.

Last one is an update to a previously posted indicator here that shows IBR with basic stats. The modification was reference to time frame so that one can specify starthour e.g 15:30 as previously even if you specify it it with 30min the indi just round to hourly. The mod was done with the help from Bandung. tks
So for those who trade base on IB references & range extension targets this is your weapon.

Do kindly say a word of Thanks to programming supremo Bandung if your like his work.

IBR & RF daily indi
http://i.imgur.com/s3DzR.gif
Attached File(s)
File Type: rar tpochart1.32.rar   327 KB | 2,920 downloads
File Type: mq4 Initial Balances2a.mq4   14 KB | 2,058 downloads
File Type: mq4 ay-RotationFactor-Daily.mq4   4 KB | 1,925 downloads
  • #5,050
  • Jan 9, 2013 9:00am Jan 9, 2013 9:00am
Quoting evak
hi all.

Bandung have made several updates to his tpo indicator to version 1.32 (lastest & greatest). There are some cosmetic change & bug fix. U can see for yourself here.

http://i.imgur.com/t0sdx.gif

another one is the rotation factor indicator which was cooked up some time ago, just an experimental indicator, but for those who monitor rf in real-time could find it useful.

Last one is an update to a previously posted indicator here that shows ibr with basic stats. The modification was...
thaaaaaaaaaaaaaank you very much for version 1.32

but can you please illustrate the 2 other indicators simply
because i didn't understand why they used for ??? Or what they depend on in their work ???
  • #5,051
  • Jan 10, 2013 11:57pm Jan 10, 2013 11:57pm
Quoting zelenko
thaaaaaaaaaaaaaank you very much for version 1.32

but can you please illustrate the 2 other indicators simply
because i didn't understand why they used for ??? Or what they depend on in their work ???

upppppppppppppppp

and how can i contact our great inventor bandung
  • #5,052
  • Jan 11, 2013 1:04am Jan 11, 2013 1:04am
There are some setting that i don't understand

so can any one explain them in a simple way for me please

1- update interval
2- indicatorid
3- use ibv on split profile
4- print time consume
  • #5,053
  • Jan 13, 2013 4:27pm Jan 13, 2013 4:27pm
Quoting mima
Hello taomql4

How do you have H8 time frame in MT4?
Regards
Sorry for the late reply , Mima .. Just got back in ..

Here ...
Attached File(s)
File Type: mq4 P4L PeriodCon.mq4   55 KB | 895 downloads
  • #5,054
  • Edited 9:24am Jan 18, 2013 8:45am | Edited 9:24am
Hi there, I tried programming this file to play an alert when the MinVolRatio was > XXX. I tried inserting an external Boool function and then defining it in the minVolRatio>0 section, but for some reason, i keep getting an incorrect parenthesis count.

Any veteran programmers willing to help out a newbie ??

Thanks in advance.
Attached File(s)
File Type: mq4 ay-TPOChart-Session.v1.20.mq4   28 KB | 1,026 downloads
  • #5,055
  • Jan 18, 2013 10:08am Jan 18, 2013 10:08am
Quoting smtm
Hi there, I tried programming this file to play an alert when the MinVolRatio was > XXX. I tried inserting an external Boool function and then definite it in the minVolRatio>0 section, but for some reason, i keep getting an incorrect parenthesis count.

Any veteran programmers willing to help out a newbie ??

Thanks in advance.

Im most definately, not a programmer of any sort, my ability to "slice & dice" within a already existing code, is limited & leaves much to be desired. However, I looked at the indi you attached, It compiles fine, I dont see where youre attempting these changes within the code, without looking at the changes your attempting, I cant begin to "guess-timate" a why, a work around, or a solution to your "incorrect parenthesis count". You may also try using a different indi as an example, (see attached link) there is a profile indicator that has alarms for incresed volitility, etc. The alarms are not part of the "indicator", the alarms are generated by a EA, wriiten to read the indi. You might find some ideas there. The alarm code goes in the experts EA folder, and the indi in the indi folder.....................
http://www.forexfactory.com/showthre...33#post4496833
Markets are not efficient, rather they are effective - Jones
  • #5,056
  • Jan 18, 2013 11:48am Jan 18, 2013 11:48am
That file was the original file. My coding (non)expertise made a mess so I'd thought to leave the original file intact. That way a "fresh" set of eyes could look at it.

Hope that helps.
  • #5,057
  • Jan 21, 2013 3:40pm Jan 21, 2013 3:40pm
Hello,

First of all thanks everyone for a great thread I've read through a fair bit of it but I'm having some problems with the indicators.

Bandungs latest indicator was working but now for some reason when I load it the screen is completely blank including the indicator window below I don't know why? Also I don't get the separate settings box (I'm using GKFX spread trading account for MT4 not sure if that is anything to do with it?)

I don't trade FX I trade the ES and I was wondering if someone could advise me if there is an indicator that will show:
- Just a profile for ES trading hours 14:30-21:00 each day no others only that profile at that exact time each day
- Include value areas and POC for the day

Thanks very much happy trading.

Mike
  • #5,058
  • Jan 21, 2013 8:44pm Jan 21, 2013 8:44pm
Quoting cmmichaels
Hello,

First of all thanks everyone for a great thread I've read through a fair bit of it but I'm having some problems with the indicators.

Bandungs latest indicator was working but now for some reason when I load it the screen is completely blank including the indicator window below I don't know why? Also I don't get the separate settings box (I'm using GKFX spread trading account for MT4 not sure if that is anything to do with it?)

I don't trade FX I trade the ES and I was wondering if someone could advise me if there is an indicator...
try this work around by foxybunny http://www.forexfactory.com/showthre...54#post5396054
...
  • #5,059
  • Jan 22, 2013 2:15am Jan 22, 2013 2:15am
hi everyone,here is a mp with last 3 months of data is compounded which shows market is at the higher end of profile and ready to be shorted.if u look at it poc is at 1.3050 with vah at 1.3340 and val at 1.2860 and rotation factor of +10. this chart is half completed bell curve and in 4th stage.i am expecting prices to revert to mean and below that is 1.2860. from this area of 1.3320 the upside potential is not much about 250 pips and i think the demand for the dollar will be great at those level.my feeling is if i start buying euros from this level slowly upto 1.3500/50 one can sleep comfortably as i dont see much risk to my position.do have a look at the chart and tell me what ur feeling are? presently i have a long position with about 250 green pips.ok bye sleep time now.
ok here it is i already start buying dollars,small position at 1.3312 let see where it take me,say good luck to me.am i too early in taking the position.regards
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 97 KB
Allah has permitted trade and has forbidden interest [koran]
  • #5,060
  • Jan 22, 2013 4:59am Jan 22, 2013 4:59am
Quoting bandung
try this work around by foxybunny http://www.forexfactory.com/showthre...54#post5396054

finally our great market profile programmer appear

how are you man ??

i hope you are very fine
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