Market Profile - page 3

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daraknor:
Has anyone noticed a strong correlation between reversal points and Prive-Volume-Time interactions? I would think only a weak correlation would exist, and only on the extremes. (less volume = greater chance of support/resist line). The most effective support/resist have 0 trading, because they are never touched... What would be the purpose of this? Volume over time would tell me when the Over The Counter market is open.

I agree with Ian that extreme price limits of support / resistance have less volume recorded than the prior 1-3 bars coz thats where majority have entered , and the majority is going to be wrong if the trend ATM (at the moment)is perceived to be a trading range.

 
The PIPe PIPer:
I agree with Ian that extreme price limits of support / resistance have less volume recorded than the prior 1-3 bars coz thats where majority have entered , and the majority is going to be wrong if the trend ATM (at the moment)is perceived to be a trading range.

The only problem is the volume (tick volume) in MT4 is unreliable. It does not represent the centralized tick volume, it is rather based on the trading activities of your broker's books. I compared 3-4 platforms and their volume was dangerously different varying in several occasions 4 times between 2 of them. Hard to trust it if you see it this way.

Therefore all volume based indicators that are available in MT4 have to be treated with grain of scepticizm. Only as supporting material not deccison driving. IMHO

 

strenght gauge

Hi everyone,could anyone give me an info on how to measure a strenght of currency per time.

I was in deep discussion with a trader friend before NFP news and this idea of knowing the best pair to trade with the news came and i quickly remember what my trainer once told me about strenght we quickly did a small analysis on pairing and it works but I believe if there is any better info on this it could help any trader on this forum to add to their trading skills.

Pls take note I am a newbie and if any previous discussion had been made on this you can redirect me to the link.

Happy trading

 

Fair Value

Hi,

Anyone got an indicator for calculating fair value for index futures or forex futures?

Thanks,

Paul

 

Market profile value area?

Hi all,

Been searching around this site & others for an indicator for MT4 which displays the value area for maket profile. Found a few indicators whch show the full market profile but are there any with this extra feature?

Thanks

 

moved your post to market profile thread.

 

market profile

read the hand book i know this is not the right indicator

because market profile divide hours in 30 minutes part A B C D E F G etc

but give a look here i think yellow zone are scalpers blue are trend followers and red are long trend term traders because i ve noticed this day

this morning the range was blue and after 2 pm has start the red range more wide

Files:
market_profile.gif  31 kb
 
rod30:
read the hand book i know this is not the right indicator

because market profile divide hours in 30 minutes part A B C D E F G etc

but give a look here i think yellow zone are scalpers blue are trend followers and red are long trend term traders because i ve noticed this day

this morning the range was blue and after 2 pm has start the red range more wide

What handbook are you talking about?

Is it something you can upload or post a link to.

Thanks.

 
rod30:
read the hand book i know this is not the right indicator

because market profile divide hours in 30 minutes part A B C D E F G etc

but give a look here i think yellow zone are scalpers blue are trend followers and red are long trend term traders because i ve noticed this day

this morning the range was blue and after 2 pm has start the red range more wide

I like to suggest everybody interested on MP to read appendix b of Murphy's book Technical Analysis of the Financial Markets.

 

Dear Tro & All, Here Is Link To Handbook

please searh for handbook.

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