Calculate Value Area of volume at price

[marketguy2]

I snagged the shot during the F period. It is a regular MP chart. It is formed on a 1 minute chart with A-M period 30 minutes each and N period 45 minutes. This is the way Fin-Alg's MP chart for NT must be done. The NT MP chart aligns very well with a TS based VAH, VAL and POC. Yours is way off.

Now here is the stranger part. By day's end, your Value and developing value are spot on.

Bryan

[sbgtrading]

Thanks for the information. Your help is key since I don't have access to the Fin-Alg's or TS's MP charts.

After looking hard at the data and checking my NT code, I'm quickly arriving at the conclusion that Fin-Alg/TS and I are working with different methods of calculating MP's. Based on my method, I can confidently say the NT indicator is functioning correctly. So, sad to say, that until they fill us in on their method, our profiles will continue to be different in the areas you pointed out. Perhaps more research into MP's in general will lead to further refinements in my method.

Thanks for your continued help. Let me know if you discover more info.

Ben

I snagged the shot during the F period. It is a regular MP chart. It is formed on a 1 minute chart with A-M period 30 minutes each and N period 45 minutes. This is the way Fin-Alg's MP chart for NT must be done. The NT MP chart aligns very well with a TS based VAH, VAL and POC. Yours is way off.

Now here is the stranger part. By day's end, your Value and developing value are spot on.

Bryan

[sbgtrading]

Info on MP

Here's a link to more info on MP. I'll look into it in the near future and work towards ironing out any any discrepancies.

http://www.traderslaboratory.com/forums/f6/mp-trading-with-market-profile-3135.html

Ben

[ryker]

Hello sbgtrading,
I've modified the version of your indicator with the real calculation of the value area (source from Mind Over Markets), I've also changed a few things inside (I hope you don't mind those changes).
I'm still testing it to ensure everything is working, attached is the first version.
Thanks

[rokafella]

ryker,
is this going to write over the previous indicator done by ben?
if so, any chance you can change the name?
rock on and txs!
rok

[ryker]

Hello,
Here is the version with a different name (and a few other changes aswell).

[Gibby]

Is there a way to have this updating over a specified periodicity, perhaps ever 30 minutes, so we can see the mean and and VAL and VAH shifting over time (by leaving the past periods levels still printed on the chart)? This would be a nice visual for trend I would think.

[rokafella]

Can VAL, VAH and POC be utilized in a strategy?
Txs,
Rok

[NinjaTrader_JoshP]

Yes rokafella. You just need to access their corresponding plots.

[slableak]

Hello sbgtrading,
I've modified the version of your indicator with the real calculation of the value area (source from Mind Over Markets), I've also changed a few things inside (I hope you don't mind those changes).
I'm still testing it to ensure everything is working, attached is the first version.
Thanks

Hi Ryker,

Did your test results indicate that everything is working correctly?

thanks,
David

[ryker]

Yes it looks ok

[slableak]

Yes it looks ok

Do you have an up-dated version or is it still the same?

thanks,
David

[ryker]

Still the same.

[kingfish88]

Great job! Any chance to add VAH, VAL? and allow fix start and end time? I know the POC is there. It's moving as the market moves. It's cool too. But somehow if you can have yesterday's VAH POC VAL fix in the chart, then it would be much better. ;-)

[T2020]

Yes , please explain the Open hours settings more . In Calif. the regular open
would be 6:30 , but this generates an error . Can only set it to 6 or 7 . With
out proper setting , how can anyone use this indicator ?