Pls help fix DayStartHour option on this Market Profile indicator | Forex Factory

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Pls help fix DayStartHour option on this Market Profile indicator

  • #1
  • First Post: Jun 16, 2013 3:49pm Jun 16, 2013 3:49pm
Hello, kind programmers of FF.

I have been using this fantastic Market Profile indicator by Bandung over at this thread: http://www.forexfactory.com/showthread.php?t=277528

It can be used to show daily, weekly, and monthly profiles. And the indicator has an option called "DayStartHour", which can be changed to account for time difference among various brokers (default value is 0). The feature works perfectly when used to show daily profiles ("Profile Timeframe" set to "D" for daily). The profile levels (e.g. Point of Control, Value Area High, Value Area Low) will shift up or down as DayStartHour is adjusted, just as they're supposed to. But when used to show weekly or monthly profiles ("Profile Timeframe" set to "W" for weekly or "M" for monthly), changing the DayStartHour has no effect on the profiles levels at all, not even a fraction of a pip. So weekly and monthly profiles will be different for each broker's platform as they cannot be synched using this feature.

I hope I've explained the issue clearly enough. Please, if anyone can help with this, I would really really appreciate it.

Thank you.
Attached File(s)
File Type: mq4 ay-MarketProfileDWM.v1.31.rev1.mq4   36 KB | 530 downloads
  • #2
  • Jun 17, 2013 2:41am Jun 17, 2013 2:41am
I don't know about the Indi, but weekly profiles would always be the same whatever input you do.
Some broker's week runs from Sunday to Friday, Monday to Friday and Monday to Saturday. All offset, but they should still be the same for one week.
Monthly, there may be a very slight difference because not every month ends at a weekend.
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  • #3
  • Jun 20, 2013 6:26am Jun 20, 2013 6:26am
Thank you so much Gumrai. Your answer really made a lot of sense and I believe your assessment is spot on. Now I understand perfectly how these things work. Your help is much appreciated.

I see from your profile that you're in Thailand. Which part of the country? Are you Thai? I'm originally from there myself.

Cheers!

Quoting Gumrai
I don't know about the Indi, but weekly profiles would always be the same whatever input you do. Some broker's week runs from Sunday to Friday, Monday to Friday and Monday to Saturday. All offset, but they should still be the same for one week. Monthly, there may be a very slight difference because not every month ends at a weekend.
  • #4
  • Jun 20, 2013 6:44am Jun 20, 2013 6:44am
Quoting SMTrader
Thank you so much Gumrai. Your answer really made a lot of sense and I believe your assessment is spot on. Now I understand perfectly how these things work. Your help is much appreciated. I see from your profile that you're in Thailand. Which part of the country? Are you Thai? I'm originally from there myself. Cheers! {quote}
No. I am British
I live in a village between Khon Kaen and UdonThani
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  • #5
  • Jun 23, 2013 2:17pm Jun 23, 2013 2:17pm
Ok. Well, welcome to Thailand I hope you're finding your experience living there a nice one. I was actually Khon Kaen last July. Wonderful country living. You've chosen a good area to live in. I felt that it was such a peaceful and cozy little corner of the country, which I never experienced before. I didn't get to do any trading while I was there though, so kinda wondering what it's like to do day trading in such a remote area e.g. connection speed, service reliability/disruptions, etc. What has your trading experience been like, if you don't mind sharing?

Quoting Gumrai
{quote} No. I am British I live in a village between Khon Kaen and UdonThani
  • #6
  • Last Post: Jun 23, 2013 3:17pm Jun 23, 2013 3:17pm
Quoting SMTrader
Ok. Well, welcome to Thailand I hope you're finding your experience living there a nice one. I was actually Khon Kaen last July. Wonderful country living. You've chosen a good area to live in. I felt that it was such a peaceful and cozy little corner of the country, which I never experienced before. I didn't get to do any trading while I was there though, so kinda wondering what it's like to do day trading in such a remote area e.g. connection speed, service reliability/disruptions, etc. What has your trading experience been like, if you don't...
Peaceful ?? I wish
Every other house has a cockrel and they can start their crowing at 2am, Dogs barking, especially when there is a bitch on heat. The worst thing is when somebody dies. Music at ear shattering level for 4 to 7 days and up to 24 hours per day. I could go on, but ther is no peace and quiet here for long,
About 5 years ago I had an internet connection via satellite. It was expensive and slow. Things have improved now and my 3G connection is quite good. I think that in a few more years one will be able to travel all over Thailand with a laptop and be connected most of the time.
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