Surfing Risk Intraday - Volume Profile and Order flow

Quoting springger

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Nice work RS. As i get it, you will place a PO at that level? Won't it be safer to monitor the DOM for signs of sellers stepping in? Lastly, just a shot in the dark here, any chance you can show what absorption looks like on a DOM, ala video?

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Quoting Risk Surfer

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{quote} Hey Dave, I've asked a colleague who uses Sierra and he kindly offered his templates for posting. Unfortunately I can't give you and advice on setup as I don't currently use that package, but here's the file anyway, let me know how you get on RS {file}

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Quoting MCRotter

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I have been using the market delta on the demo sierra charts, been using VPOC to help me find what you could describe as more accurate entries so you can keep a tighter stop around levels which I define as supply and demand. Also changing a few other things off the back of this thread, and another thread I have been reading. Hoping to capture more of an edge. Keep up the good work RS

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Quoting 236dave

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{quote} Hi RS, Thanks to you and your colleague for sharing the template. I am gradually getting my head around Sierra charts. I hope you have patience with my newbie questions: Is the attached the correct items / markets you trade on? All the best Dave EDIT - Noticed your trading hours are shown on your web site. {image}

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Quoting Risk Surfer

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{quote} Great stuff MCR. Glad you're finding this stuff useful for your own trading. You're welcome to post your own charts/trade ideas in the thread if you chose, Cheers RS

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Quoting 236dave

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Hi RS Newbie question again. I am trying to copy your charts using EMiniS&P500 as an example, I have ESM4 on a 5 min chart, I also have it on a 120 min at 120 day length and on a daily chart. On the 120 min and especially on the daily there is limited data, I assume this is because the ESM4 is only to be used for the present and recent months history. What symbol of the S&P500 should I use to show past years chart history? See daily chart example below (Sierra chart). Thanks Dave {image}

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Quoting MCRotter

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OK folks, I have spent an age fooling around this weekend trying to get some decent market profile things for MT4 - which btw was a complete nightmare complicated by the mess of the MT4 upgrade. I also don't use MT4 for my actual trading. Attached are 2 files: {file}{file} +MP - gives you the daily profile Level sensor - gives the larger market profile Download these. Drop them into MetaTrader 4\experts\indicators Open MT4, if they have not appeared restart computer, and then try again. Fingers crossed that the these files will be able to work straight...

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Quoting Risk Surfer

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{quote} Brilliant work MCR, thanks, you're a great asset to the thread. I'm gonna try these out tomorrow and compare them against my Market Delta profiles. will report back. I'm sure a lot of people are going to find these useful RS

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Quoting xpinbar

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thanks MCROtter's hard work. about +MP indi I change the rangecount it did not work sometimes it would appear severarl MPs. but always just <10 and the profile always can't cover the day's HL

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Quoting Risk Surfer

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{quote} Yeah ESM4 is the current contract (June expiry) but didn't have any real volume in it until the last couple of months. You need a 'continuous' chart that stitches together all the previous contacts to give you full historical data. I'm not sure how thats done with Sierra chart, although there should be some help document for it, just look for how to set up a continuous chart. Hope that helps RS

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Quoting Risk Surfer

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Todays Euro future Intraday volume profile (30 min chart) VS Todays EUR/USD Metatrader Intraday profile using the indicators posted by MCRotter Market Delta {image} Metatrader {image}

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Quoting MCRotter

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{quote} Don't have metatrader to hand, but presumably that large spike on metatrader is the Asian session? Apart from that, which you could rule out just by look at the times that area traded, it looks decent as a comparison.

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Quoting MCRotter

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{quote} Also, how is the website going RS, you said you were getting a good community going - hope all is well on that front. You have put a lot of effort into this.

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