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Auction Market Theory and Market Profile

  • #5,541
  • Apr 28, 2014 4:54am Apr 28, 2014 4:54am
I see that there is misbelief that indi Level_Sensor_new is something like composite Volume Profile, but actually it has nothing to do with volume it is composite Market profile. The best VP package that I 've found is this one “mpvl_v16.zip”(google it) with very little improvements it can become supper.
That I really would like to see Market Profile+Volume Profile on one chart with capabilities and options like indis on e-signal, ninja trader and tradestation.
>

Thank you. It explains diffrences between TSII (datafxcm) and my MT4 with FXCM (datafxm).
  • #5,542
  • Apr 28, 2014 5:37am Apr 28, 2014 5:37am
Quote
The best VP package that I 've found is this one “mpvl_v16.zip”(google it) with very little improvements it can become supper.
Quote
That I really would like to see Market Profile+Volume Profile on one chart with capabilities and options like indis on e-signal, ninja trader and tradestation


Seems good but I can't see Vp on my chart.

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  • #5,543
  • Apr 28, 2014 6:16am Apr 28, 2014 6:16am
http://fxcoder.net/indicators/tpo?from-fxcoder-ru=1&

It's the best Volume profile indicator for MT4 I've ever seen.

DL TPO-V3.

But it's strange, I can't install it...I still see nothing...
  • #5,544
  • Apr 28, 2014 6:20am Apr 28, 2014 6:20am
Well, delete and install again. It works now.

What I have to do to get a volume profile of 100 days?

Thank you.

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  • #5,545
  • Apr 28, 2014 6:44am Apr 28, 2014 6:44am
Quoting Beyondprice
{quote} LOL Do not be stupid, please. I'm waiting your point, we are not debating at all. Time*Price = Value, right. But if you understand what is auction market theory, you understand time = volume (not always and it's the problem). When price is in bracket (balanced area), what does it mean? It means that value is accepted by both markets participants > Conclusion of this meaning? > There are many transactions, so guess what? Volumes are important. When price is in bracket > High Volume > HVN / When price long squeezes or short squeezes > Low...




One of the best postings I have read here.

You eventually know, that i had a lengthy exchange here some weeks ago. What puzzles my mind, is, that there are so many people talking of the auction market theory without even understanding the importance of volume. As you described it so nicely:

what is a POC in a TPO-profile worth, without knowing if it was filled with volume, or if it was just only filled with some bullshit moves.....
  • #5,546
  • Apr 28, 2014 7:03am Apr 28, 2014 7:03am
Quote
what is a POC in a TPO-profile worth, without knowing if it was filled with volume, or if it was just only filled with some bullshit moves.....

It's exactly what I wanted mean but I didn't find the words cuz of my poor english.

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Left profile > TPO
Right Profile > Volume

As you guys can see, the asian session produces low volume. You have to keep in mind this information.

The purpose with Auction Market theory is not TIME actually, real purpose to know if a price is accepted or not by market participants.

Yes, TIME could give this information but it's not always a pertinent factor because of quiet's moment as GBPUSD during asian session.

How could you determine if this price is accepted or not if there is no (or real) market activity? You can't.

AMT wants to show us the confrontation by a deeper way. But if there isn't confrontation (like asian session this morning), there is no information, so it's bullshit.

That's simple. EVEN Steidlmayer says that...
  • #5,547
  • Apr 28, 2014 7:11am Apr 28, 2014 7:11am
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What are you waiting for using Volume Profile?

I'm not saying that it works all time but when it does, there is no real drawdown. Optimal to get higher reward/risk ratio.

If someone could make a real volume profile indicator for MT4, it would be perfect.
  • #5,548
  • Apr 28, 2014 7:14am Apr 28, 2014 7:14am
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HVN works too
  • #5,549
  • Apr 28, 2014 8:08am Apr 28, 2014 8:08am
Quoting Beyondprice
{quote}[/color] Seems good but I can't see Vp on my chart. {image}
Did you enable DLL import on imdicators settings.
Indicator have to be compiled on MT version<600 befor copy it on indicator folder.
  • #5,550
  • Apr 28, 2014 8:19am Apr 28, 2014 8:19am
Quoting Beyondprice
http://fxcoder.net/indicators/tpo?from-fxcoder-ru=1& It's the best Volume profile indicator for MT4 I've ever seen. DL TPO-V3. But it's strange, I can't install it...I still see nothing...
TPO-V3 seems to be very similar to mpvl_v16.zip but without dll that is used for faster calculation on mpvl_v16.zip. I've to check TPO-V3 how is bout performance compared with mpvl_v16.
  • #5,551
  • Apr 28, 2014 8:35am Apr 28, 2014 8:35am
Quoting Beyondprice
http://fxcoder.net/indicators/tpo?from-fxcoder-ru=1& It's the best Volume profile indicator for MT4 I've ever seen. DL TPO-V3. But it's strange, I can't install it...I still see nothing...
I had that profile, (might still have it, will have a look) it gives great looking profiles, but I back checked it and the traces don't match up well at times with true volume for some reason. One time it plotted a vpoc incorrectly so I had to stop using it. It also used a lot of computing power.
  • #5,552
  • Apr 28, 2014 8:36am Apr 28, 2014 8:36am
Quoting Beyondprice
{image} What are you waiting for using Volume Profile? I'm not saying that it works all time but when it does, there is no real drawdown. Optimal to get higher reward/risk ratio. If someone could make a real volume profile indicator for MT4, it would be perfect.

Is this an MT4 chart? Where are you getting those volume profile indicators, and can you make them available?
  • #5,553
  • Apr 28, 2014 8:46am Apr 28, 2014 8:46am
Quoting i_v
{quote} TPO-V3 seems to be very similar to mpvl_v16.zip but without dll that is used for faster calculation on mpvl_v16.zip. I've to check TPO-V3 how is bout performance compared with mpvl_v16.
Hi I_V

MPVL works fine now.


But I don't understan what I've to do in parameters to get Volume profile composite 100-days for example.

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Below you can see the Volume Profile I have on my software. It'would be great if someone could add this option :
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You know, sth like that :

Daly start time / end time : kk:ll / ll:kk
Period Profile : x-days or x-weeks or x-months
X = : Choose a number.

So, If I wanted Volume profile of 10 days.

I choose "Period Profile : x-days" and I write 10 for "X=".

It would be amazing...
  • #5,554
  • Apr 28, 2014 8:48am Apr 28, 2014 8:48am
Quoting MCRotter
{quote} Is this an MT4 chart? Where are you getting those volume profile indicators, and can you make them available?
No, it's marketscope chart. (FXCM's tradingstation)

Volume profile and market profile by Robocod's site. You have to pay to get them. (Great stuff)
  • #5,555
  • Apr 28, 2014 9:35am Apr 28, 2014 9:35am
Quoting Beyondprice
{quote} Hi I_V MPVL works fine now. But I don't understan what I've to do in parameters to get Volume profile composite 100-days for example. {image} Below you can see the Volume Profile I have on my software. It'would be great if someone could add this option : {image} You know, sth like that : Daly start time / end time : kk:ll / ll:kk Period Profile : x-days or x-weeks or x-months X = : Choose a number. So, If I wanted Volume profile of 10 days. I choose "Period Profile : x-days" and I write 10 for "X=". It would be amazing...
Use vertical lines for begin and end time(drag and drop)
  • #5,556
  • Apr 28, 2014 9:46am Apr 28, 2014 9:46am
Quoting Beyondprice
{quote} Hi I_V MPVL works fine now. But I don't understan what I've to do in parameters to get Volume profile composite 100-days for example. {image} Below you can see the Volume Profile I have on my software. It'would be great if someone could add this option : {image} You know, sth like that : Daly start time / end time : kk:ll / ll:kk Period Profile : x-days or x-weeks or x-months X = : Choose a number. So, If I wanted Volume profile of 10 days. I choose "Period Profile : x-days" and I write 10 for "X=". It would be amazing...
Drag the blue line to left it change but very slow on m pc.
Think Twice Low Volume is Key to Success
  • #5,557
  • Apr 28, 2014 9:46am Apr 28, 2014 9:46am
Quoting i_v
{quote} Use vertical lines for begin and end time(drag and drop)
I'm sorry but I don't understand.

Here are my options :

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  • #5,558
  • Apr 28, 2014 9:58am Apr 28, 2014 9:58am
Ok, I understand now. Thank you both.

Ok, it's not optimal at all.

If some coder could improve, it'd be great...
  • #5,559
  • Apr 28, 2014 11:15am Apr 28, 2014 11:15am
Quote
Drag the blue line to left it change but very slow on m pc.


You're right.


It's like that for 30 minutes. Can't get a volume profile of 20 day and I've good computer.

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  • #5,560
  • Apr 28, 2014 11:44am Apr 28, 2014 11:44am
I_V : Can you get Volume profile 20 days or more with ur indicator?

Seems impossible with mine.
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