Volume Profile and Market Profile a new wave of market picture

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XRAY27

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Yes reading all the posts as suggested.
My one query is how many types of days we can have in MP? I guess 4 days : Balanced day which is tight day with perfect bell shape distribution, "P" type imbalanced day, "b" type imbalanced day & "B" type double distribution day.

So can these 4 types summarise MP day type for any given day? Or is there any different type of classification?
Just go through Post No :58 read the entire link i have shared all that... P is shorting covering rally b is Long liquidation and B is nothing but two way action !! these are just ways of describing last day action ..what can we do with that for todays trading !!! profiler use this to recognize the way of balance and imbalance and distributions ..

...only factors we can use and trade are Va's POC and NPOC as DP!!!
 

vijayanscbe

Well-Known Member
Two calculation/s are not same !!!

Just check the image above is what i have shared and below is amit's afl...TPO totally different !!!
it works but the numbers are different as xray bro has said, but it works!! thanks a lot bro.
Author of both the codes post by you and me are same kaka (& Co).

Code posted by me is older version around 2013, which does not have A,B,C,D.. concepts, he later added A B C concepts which wont work in lower version. ;)
 

XRAY27

Well-Known Member
Author of both the codes post by you and me are same kaka (& Co).

Code posted by me is older version around 2013, which does not have A,B,C,D.. concepts, he later added A B C concepts which wont work in lower version. ;)
yes !!! that was modified by rajendran !!! added A B C !!! and reduced the tick size may be !!

On Amibroker

Major Disadvantages:
TPO Lettering works only in the 30min charts. In the 5/15min charts letters repeat horizontally. It is recommended to use only 30min timeframe if you are using a Daily Profile Charts. You have to vary the TPO Density (Default value = 3) to get the proper Alphabet alignment. And the TPO size varies from stock to stock. One has to manually set the TPO Density (mostly depends upon stock price and intraday price movement). However lower TPO density values are preferable to get close to accurate values.

Extensive zoom out will collapse the charts and scroll back will work only to certain extent. It is recommended to use bar replay feature in amibroker to simulate the past historical profile charts.

POC, VAH, VAL levels calculation methodologies are still with some flaws but the values are very close to the actual on most of the days. Suits for beginners who want to learn market profile at a minimal cost. But definitely not for professional traders.

Source:market calls
 
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XRAY27

Well-Known Member
Dear Mr. vijayanscbe ,
How can I have days separated by date and time stamps at the bottom of the pane ?
In the MP lite AFL.
Just right click on the chart go to axis and grid under parameter change it as follows

 

wisp

Well-Known Member
Author of both the codes post by you and me are same kaka (& Co).

Code posted by me is older version around 2013, which does not have A,B,C,D.. concepts, he later added A B C concepts which wont work in lower version. ;)
AB CD works in lower version also with a minor modification.

But scroll back only from july 23 for me. However, if I use the left arrow slowly can keep going back further 8520 looks like an NPO?
 
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XRAY27

Well-Known Member
Today's open at 8595.5 that is below VAL , lets see how the day unfolds :thumb:
XRAY, what could be the possibilities in this case? We have to wait for first hour of trading to get more insight
80 % day may be !!
 
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