Volume Profile and Market Profile a new wave of market picture

[manish9300]

RE range extention happens because of confident OTF traders.Late RE can turn out to be a spike but confirmation may not come on the same day and we have to wait till next day open.

 

[XRAY27]

Xray bro, what kind of %win we expect for this Auction fail 5 day re-test kind of set up? Can it be as swwet as 80% ??

Failed auction 70 %,RF matching with D and S levels 90% (probability of occurring is rear 2 to 3 times on EOD charts) otherwise divergence 60 %,NPOC 60 % .

 

[manish9300]

Bounced from 8736 week before previous week VAL.Failed Auction is ruled out as 30min candle closed below IB.Entered on break of IB BO bar.... took BE as momentum is weak.Price is oscialllating around 8736.Done for the day.

 

[manish9300]

Xreyji,In market profile everything depends on tpos.Tpo value we are using is 3 points.Is 3 the best value for 30min tf?Have you done any calculation/backtest in this regard?

 

[manish9300]

Poor RE.Today is a normal variation day with poor high/low?

 

[XRAY27]

Xreyji,In market profile everything depends on tpos.Tpo value we are using is 3 points.Is 3 the best value for 30min tf?Have you done any calculation/backtest in this regard?

Manish ji

i got satisfied with "3" !!!

 

[somraj_t]

Hi XRay27,

I am new to market profile....can you pl help me how to get market profile charts?

 

[manish9300]

Failed auction 70 %,RF matching with D and S levels 90% (probability of occurring is rear 2 to 3 times on EOD charts) otherwise divergence 60 %,NPOC 60 % .

Probability of Npoc hitting is also for 5 days?60% is pretty low in that case.Can be used as higher tf Bias indicator.I am still not able to export val vah poc data to excel via amibroker..Guess i need to do manual posting of data.

 

[Happy_Singh]

I am still not able to export val vah poc data to excel via amibroker..Guess i need to do manual posting of data.

Filter = Day()!=Ref(Day(),-1);
AddColumn(PoC,"PoC");
AddColumn(VAH,"VAH");
AddColumn(VAL,"VAL");

Add the above code.
Set all the parameters used to display anything to NO (PoC,VAL Area, etc all of them)
set the range to 1 recent day and then

Run the Exploration


due to the way coding is done it will take lots of time


Happy

 

[XRAY27]

Hi XRay27,

I am new to market profile....can you pl help me how to get market profile charts?

Just read the thread from start !!!