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Auction Market Value Theory & Analytics

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Markets are not efficient, rather they are effective - Jones
Screencap this trade b4 i close it. UJ trade here; Trend trade with shorterm bracketing pause on top of non bracketing longer term overlay.
3day overlay indicating a tilt in Buyer/Seller balance while the average volume fell during this stage, longer term RF indicates positive momentum.

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Having problem with this indicator though seems to double draw if i were to load it off a template causing display distortion...hmmm
Quoting Evak
Screencap this trade b4 i close it. UJ trade here; Trend trade with shorterm bracketing pause on top of non bracketing longer term overlay. 3day overlay indicating a tilt in Buyer/Seller balance while the average volume fell during this stage, longer term RF indicates positive momentum. {image} Having problem with this indicator though seems to double draw if i were to load it off a template causing display distortion...hmmm
I experience the same thing. I use the following script to delete all objects, then I open the indicator properties (CTRL-I) open the indicator then close. It will reset itself. You can also find a script on Bandung's site that also fixes the scale

Nice looking chart, great trade!
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Markets are not efficient, rather they are effective - Jones
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Markets are not efficient, rather they are effective - Jones
Thanks for the tip but it didn't really work for me I will just load the indi onto a fresh chart instead of from the template. The command panel was doubled as i load from template somehow could have been one of the cause. Experiencing some funny crash too...well...bummer.

Nice trade on the EurAud I have it on my radar too but instead I chose the AUDCHF shot instead with it 3-5-10 overlay balance close the trade

Screen cap this b4 i close the trade too GCHF short with tilt in favor of sellers as SF shirt above unity & increasing RF. 3,5,10 days in balance. Market was testing near LL prior to UK open..

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Quoting Evak
Thanks for the tip but it didn't really work for me I will just load the indi onto a fresh chart instead of from the template. The command panel was doubled as i load from template somehow could have been one of the cause. Experiencing some funny crash too...well...bummer.
That funny crash happens to me when I mistype or forget to add a setting. If you add an extra profile you also need to assign the price steps, min price, min tpo for the profile being added. This had happen to me, also. Most of the time, its because I forget a comma or something, and the whole indicator disappears. In my example (in bold) is the settings you need to include when adding a additional profile. If you have 5 profiles, each other line should contain 5 numbers, separated by commas.

When you create the template it saves the chart as it was at the time you save it. When you load it it has the profiles & panel on the chart at the time of the save, along with the current profiles. That's why I use the delete script, to remove all objects (old & new), and when you refresh the indicator only the current profiles remain
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Markets are not efficient, rather they are effective - Jones
I am having great deviation from the values of Cisco futures with regards to POC & VAH/VAL.

EU:
POC: 1.0960 (29/5) - 1.09125 (28/5)
VAH: 1.0991
VAL: 1.0951

GU:
POC: 1.5288

I guess it is due to different opening time (my broker is gmt+3) but still the poc difference is quite high.

I am using the attached indi, noticed it produces somehow different values to other MP indis too but difference is about 2-5 pips max on poc/val/vah and I attribute it to the profile using the 1 min data for profiling instead of 30 min.

I am playing with VPOC (virgin) values so if the numbers come out unreal then my trading plan is in jeopardy.

Could you please explain the difference and if perhaps I should start my poc and vah/val analysis at a different time of the day (Frankfurt/NY open for example) like in the CME?
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Quoting sakisf
I am having great deviation from the values of Cisco futures with regards to POC & VAH/VAL. EU: POC: 1.0960 (29/5) - 1.09125 (28/5) VAH: 1.0991 VAL: 1.0951 GU: POC: 1.5288 I guess it is due to different opening time (my broker is gmt+3) but still the poc difference is quite high. I am using the attached indi, noticed it produces somehow different values to other MP indis too but difference is about 2-5 pips max on poc/val/vah and I attribute it to the profile using the 1 min data for profiling instead of 30 min. I am playing with VPOC (virgin) values...
First what indicator are you using?
Are you trying to apply "Market Profile" methodology?
"MP" is exclusive to futures and applies to intraday trading trading that doesnt consist of holding overnight.
"Auction Market Value theory" applies to 24h "tick based" markets.
There is no 70% "Value Area" in AMVT, that is an "intraday" concept.
This also is not a Volume distribution, its a "Frequency" distribution of prices
AMVT uses TPO count to determined where the distribution begins & ends

"Market Profile" is a intraday concept, AMVT concept is that the intraday TF is not a large enough "Sample"(data)to determine the longer-term condition of the market. The info posted in the thread explains this. Cisco Futures also provides @ 39 years of AMVT reasearch which takes an empirical approach which is available for free. Its also gives an indepth explanation on the differences between MP and AMVT

If you read the code of the indicator you provided, it's calculating tick volume not TPO's. If you go back and read what a tpo is. TPO profile counts how many "prices" in a 30 minutes not the volume of ticks. There is a huge fundamental difference between a volume profile and a tpo profile.
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My chart is one day behind when the market opens it will adjust. But when the market opens it will near be identical. The download link to the indicator I use can be found on the previous page.
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Quoting mzvega
{quote} First what indicator are you using? Are you trying to apply "Market Profile" methodology? "MP" is exclusive to futures and applies to intraday trading trading that doesnt consist of holding overnight. "Auction Market Value theory" applies to 24h "tick based" markets. There is no 70% "Value Area" in AMVT, that is an "intraday" concept. This also is not a Volume distribution, its a "Frequency" distribution of prices AMVT uses TPO count to determined where the distribution begins & ends "Market Profile" is a intraday concept, AMVT concept is...
Yeah, seems I have them kinda mixed up. I am trying to apply the AMVT method with some parts of the Enthios Universal Method (the VPOC in particular), but seems all the indis use the tick volume per price to determine the dominant price (POC / highest TPO count) and then apply the VA concept on it. The indi can be turned to read 30 minutes instead of 1 min, I am using 1 min for maximum accuracy. I know of the composite profiles by Bandung but it crashes my mt4 due to low cpu power (tablet) and can't use it. I am trying to reproduce them (on a higher scale) with another indi (left blue is weekly / 5day, right red is since beginning of the year) it's only there are no letters in them. Will study the thread from beginning and see if I can get more into the subject as I am still new in this type of trading. Was just amazed by the big difference in the calculations but if I discard the vah/val, then starting the profile on the NY opening the POC numbers are very close to the CME by Cisco.
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Quoting sakisf
{quote} Yeah, seems I have them kinda mixed up. I am trying to apply the AMVT method with some parts of the Enthios Universal Method (the VPOC in particular), but seems all the indis use the tick volume per price to determine the dominant price (POC / highest TPO count) and then apply the VA concept on it. The indi can be turned to read 30 minutes instead of 1 min, I am using 1 min for maximum accuracy. I know of the composite profiles by Bandung but it crashes my mt4 due to low cpu power (tablet) and can't use it. I am trying to reproduce them...
Have you tried Bandung's other indicator? Its the same one you can purchase at mql5, except this one is free and will expire each sunday, in which all you need to do re download the indicator each week.........But it also merges profiles and provides an export feature to export data for analysis of reference data

http://www.fxindi.net/2015/05/market...-chart-xp.html

The book posted in the first post gives an indepth explaination on the differences as well.
"Value based Power Trading"

Does the composite profile crash when using the default settings? or does it crash when you change the settings? If so, there could be a simply explanation. You have to change the settings in a certain way or it will dissaper
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Markets are not efficient, rather they are effective - Jones
Thank you I downloaded and this one works but it's a bit odd how it starts the periods between profiles. Will do some more reading as it seems I have a lot of this stuff mixed up in my head.
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Quoting sakisf
Thank you I downloaded and this one works but it's a bit odd how it starts the periods between profiles. Will do some more reading as it seems I have a lot of this stuff mixed up in my head. {image}
Does the composite profile crash when using the default settings? or does it crash when you change the settings? If so, there could be a simple explanation. You have to change the settings in a certain way or it will disappear.

I am not sure what you mean by "Starts the periods between profiles"?
Markets are not efficient, rather they are effective - Jones
Quoting mzvega
{quote} Does the composite profile crash when using the default settings? or does it crash when you change the settings? If so, there could be a simple explanation. You have to change the settings in a certain way or it will disappear. I am not sure what you mean by "Starts the periods between periods"?
It was crashing as soon as I was applying it on my chart. Most probably due to high cpu usage and having 7-8 charts using the yearly profiles which consume most of the ram (tablet has 2 gigs).

As for "starts the period between profiles" it was a misunderstanding on my behalf. Most mp indis draw on the daily price area on top of candles/line starting from 00:00, didn't realize that this one is building the TPO graph on a smaller scale for readability until I moved the mouse on top and seen the hour on the letters.
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Quoting sakisf
{quote} It was crashing as soon as I was applying it on my chart. Most probably due to high cpu usage and having 7-8 charts using the yearly profiles which consume most of the ram (tablet has 2 gigs). As for "starts the period between profiles" it was a misunderstanding on my behalf. Most mp indis draw on the daily price area on top of candles/line starting from 00:00, didn't realize that this one is building the TPO graph on a smaller scale for readability until I moved the mouse on top and seen the hour on the letters. {image}
I understand now. Not many people understand, the indicator is just borrowing the chart to plot the data.
Using "price to price" is not an allowed practice in AMVT. If the profile is on top aligned with the candles its plotting "price to price" or "at price" data, not "price over time" data

Feel free to ask any questions.......
If I can't answer your questions I can direct to to references that can
Markets are not efficient, rather they are effective - Jones
I will give it some time to see how it plots on Monday and read the material on the topic. Will report back with questions, if any At least one of the indis on my previous profile seems to be drawing the composite profile nicely, not far from the TPO by Bandung, except for vah/val values. Gonna keep it on the chart as I use it with the yearly profile to identify support/resistance. Posted it in case it is useful for anyone.
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Thanks Claudia, solve my issue for now hopefully.

EURUSD long today with 3 & 5 day balance. 3 days SF tilt favor the buyers with higher VTY & we have increasing RF momentum with the 3 day overlay leading the charge. 3day Vol is higher then 20 day avg. Seems like a perfect storm really..

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Quoting Evak
Thanks Claudia, solve my issue for now hopefully. EURUSD long today with 3 & 5 day balance. 3 days SF tilt favor the buyers with higher VTY & we have increasing RF momentum with the 3 day overlay leading the charge. 3day Vol is higher then 20 day avg. Seems like a perfect storm really.. {image}
Great seeing your post! I'm glad you got the issues resolved. Beautiful EU trade. There's nothing better than when the data supports the profile.
I took a similar trade, I took profit and will look to reenter the trade if the data continues to support it.

I appreciate your posts, keeps me from feeling all alone
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Markets are not efficient, rather they are effective - Jones
MzVega:

Thank you for your comprehensive tutorial on AMVT. Just like to know if the spreadsheet you posted were from the export function of Bandung's indicator. I am asking because I can't seem to get anything exported.

Also is there any material importance in the SF reading at all?

Once, again my appreciation for your selfless act of sharing your knowledge on AMVT.

Cheers!
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