Calculate Value Area of volume at price

[NinjaTrader_Bertrand]

I believe one uses only volume information, where as the true Market Profile one would be build upon the TPO counts. Best would be to check out sites covering those topics using google.

[iwannatoscript]

I believe one uses only volume information, where as the true Market Profile one would be build upon the TPO counts. Best would be to check out sites covering those topics using google.

I understand that there are difference between poc and Vpoc, but which?

[Ralph]

TPO based POC is build on price and time. Volume based POC is build on volume and price. The resulting POCs may differ because the price value with the highest accumulated volume is not necessarlily the same as the price value where the market traded the longest time.

Regards
Ralph

[iwannatoscript]

THK Ralph,

what is most important in a statistic way between them?

Are they traded by the same way?

What is a resorces to study them?

[Ralph]

Hi iwannatoscript,

the POCs establish areas of support and resistance. The volume based POC may be a little more accurate, the TPO based profile & POC is easier to assemble. I don't trade the POCs itself, I use them as markers of potential reversals. The fundamentals of market profiles are described, for example, in James Dalton's "Mind over Markets".

Regards
Ralph

[laredo]

to Ralph

what add on do you use on nt to run your mprofile?

[Ralph]

No add on, laredo, it is own code.

[laredo]

wrote

You wrote the program in other words?

This probably isnt available?

Does it give you numbers like the IOAMT dot com website version which I beielve you purchase or lease.

[rsi77]

Laredo,

You can use the indicator entitled "MPValues" which is free and located in this thread to give you the Value Area High, Value Area Low and Point of Control which are the numbers typically used for trading Market Profile strategies.

If you want the real thing you can buy the TPO add-on from FinAlg. Here's the website.

http://www.fin-alg.com/tpoandvolumechart.html

It works very nicely and gives you pretty much all the Market Profile information you need to trade the method nicely.

As mentioned Dalton's book is a must read if you're going to try to learn to trade according to Market Profile. After that there are a lot of websites offering to train in strategies associated with MP.

Ron

[laredo]

d value area

what are the Vat and Vab on the "dValue area" script please?

[blaircampbell]

Replying to SBG trading...

"2) It is limited to 2000 ticks of daily range. So, if you're running it on a stock that varies by more than $20.00 (2000 ticks) in a day, you'll get a warning message and the indicator won't plot. To fix this, you can customize the indicator and add more ticks to the array. Edit the indicator in the NinjaScript editor and hit "Ctrl-F" to find "2000". Change that occurrence of 2000 to 3000 or more, to accommodate whatever daily range your instrument has. Then hit F5 to recompile the indicator."

I have searched the indicator an cannot find any ref to '2000'

Yesterday in the YM it moved more than 2000 ticks so I wanted to adjust this but do not see it anywhere.... can you give me another key word that is connected with this 2000 that I can search for?

regards,

Blair

[MoreYummy]

What does POC use for, and how does it calculated?

Also there are 3 profiles to choose from, I cant find what they are for in the documents.

Is there other sources for this?

Thanks.

[calibri]

What does POC use for, and how does it calculated?

Also there are 3 profiles to choose from, I cant find what they are for in the documents.

Is there other sources for this?

Thanks.

may this helps:

http://www.cmegroup.com/education/interactive/webinars-archived/five-reasons-to-use-market-profile.html

http://www.cmegroup.com/education/interactive/webinars-archived/market-profile-interactive.html

I searched for the original CBOT educational materials but couldn´t find them any more. They had tremendous material covering all the stuff.

POC: simply counts the TPO (time price opportunities)
originally the price with the most letters (time spent in 30 minute brackets), there is a small deviation where you measure the price with the most volume as POC.

Yours
Cal.

[foner68]

Value area with forex

Hi there,

Somebody using the VA indicator with forex ? Is this posible ?

Thanks for your help.

[sju10544]

Hello together,

I like this indicator but unfortunately I've got some trouble with it. First issue is the right setting. I need the german timezone (15:30 or 22:10 etc.)

My ES chart properties are:

session beginns (local time): 00:00
session ends (local time): 00:00

It's an 6 range bar chart. What settings do i need for:
1. Open hour
2. Open minute
3. SessionLenghtInHhours

The second problem I have is, when I add this indicator to a 10 range bar chart of the Mini Russel (TF).

The settings for the properties are the same as I use for the ES chart. After I try to add this indicator, nothing happens (no feedback) ==> Ninja crashed. Only a restart helps to come back to Ninja.

Any ideas will appreciated.

Thanks and kind regards