Market Profile forward test journal

I get the MP data from 2 sources. The first is from looking at an eSignal MP chart. Unfortunately eSignal's MP chart has a bug in it so you have to be careful with it. eSignal say that the bug will be fixed in the next beta version to be released which is good news. So I only use this as a confirming single print finder.

The second source: I have written an indicator that runs on eSignal (it's called the DVATool) that searches for and finds singles. This saves me having to search them out and prevents me from making errors (assumes that the indicator is bug free - so far testing hasn't shown up any bugs). It also pops up a box that alerts me when a single has formed and when one is filled and auto-draws the single print lines on a bar chart. It draws them in 3 different colors, 1 color for each of filled, confirmed, and unconfirmed singles.

There is an option to not remove the filled single print lines after they have filled (before the next day) and so I can go back and see how the singles worked in each market.
 
Here is the Market Profile chart from last Friday (10 June 2005) for the ES:

[1208.25] D
[1208.00] D
[1207.75] D
[1207.50] D
[1207.25] D
[1207.00] D
[1206.75] D
[1206.50] D
[1206.25] D
[1206.00] D
[1205.75] DE
[1205.50] DE
[1205.25] E
[1205.00] E
[1204.75] E
[1204.50] EFG
[1204.25] EFGHQR
[1204.00] EFGHQR
[1203.75] EFGHQR
[1203.50] EFGHQR [DVAH]
[1203.25] EFGHQR
[1203.00] EFGHPQ
[1202.75] FGHPQ
[1202.50] FHPQ
[1202.25] FHP
[1202.00] HIP
[1201.75] HILP
[1201.50] HILP
[1201.25] HILP
[1201.00] HILMP
[1200.75] HIKLMP
[1200.50] IKLMP
[1200.25] IKLMP
[1200.00] IJKLMNP [DPOC]
[1199.75] IJKLMNP
[1199.50] IJKLMNP
[1199.25] IJKMNP
[1199.00] IJKNP [DVAL]
[1198.75] IN
[1198.50] IN
[1198.25] IN
[1198.00] N
[1197.75] N
[1197.50] N

And attached to this post is an image showing a confirmed and filled single in the ES on the same day on a bar chart so you can compare the MP chart to the bar chart. The bar chart is a 5 minute bar chart. The other horizontal lines that you see are the developing Value Area and developing POC over the day. The final values of these figures carry forward to the next trading day as the Value Area and POC etc.

Hope this helps.
 

Attachments

Thanks guy 2


I know what you mean about E-Sig's problem bug.


I'm using MP for out of balance opens on beans and ER2. Sure is a lot of study to follow more than 2 markets though.

Good stuff however.
 
You must log in or register to reply here.
Back
Top