Trading with Market Profile

ArchAngel · Jan 17, 2003

For anyone actually using one of these market profile charts in their trading -

I've seen this kind of chart in various forms, but don't see what significant value they add.

In the example GIF that was posted earlier, what is the volume histogram showing that's not already visible from a quick inspection of the price bars?

opm8 · Jan 17, 2003

Quote from ArchAngel:

For anyone actually using one of these market profile charts in their trading -

I've seen this kind of chart in various forms, but don't see what significant value they add.

In the example GIF that was posted earlier, what is the volume histogram showing that's not already visible from a quick inspection of the price bars?

I don't think the 'volume at price' study adds much. Market profile on the other hand is a valuable tool. For one thing, 90% of the time the price will touch yesterday's POC, a very useful fact on its own. Also, the UVA and LVA for the past couple of days are key support/resistance areas.

--opm8

ArchAngel · Jan 17, 2003

Quote from opm8:
I don't think the 'volume at price' study adds much. Market profile on the other hand is a valuable tool. For one thing, 90% of the time the price will touch yesterday's POC, a very useful fact on its own. Also, the UVA and LVA for the past couple of days are key support/resistance areas.

Even with the classic market profile chart, I'm probably missing some key aspect of it, but it doesn't seem to be adding anything that I can't get on a normal price chart using a support and resistance study and without having to look at yet another chart.

Seven · Jan 18, 2003

Angel try this:

http://www.zapfutures.com/archives/daltarch.htm
The last 15 minutes is very good.

SethArb · Jan 19, 2003

I think the market profile people have an automated system

based on their methods called cap flow 32

it seems you need to subscribe to ensign or maybe another service to get the data ...

opm8 · Jan 23, 2003

Quote from ArchAngel:

Even with the classic market profile chart, I'm probably missing some key aspect of it, but it doesn't seem to be adding anything that I can't get on a normal price chart using a support and resistance study and without having to look at yet another chart.

You're right. Market profile charts are just another way of looking at the same thing. If you look at a standard 30-min bar chart you can mentally compress the bars together vertically to get roughly the same thing. Personally I do get a little benefit out of the Point of Control, Upper and Lower Value Areas as s/r. As usual YMMV.

--opm8

nkhoi · Jan 25, 2003

book on MP http://www.amazon.com/exec/obidos/t...361423?v=glance&s=books&vi=reader#reader-link

TSOKAKIS · Jan 29, 2003

TSOKAKIS · Jan 31, 2003

Two more ref at
http://groups.yahoo.com/group/amibroker/message/32689
http://groups.yahoo.com/group/amibroker/message/32729
try a Market profile application, combined with optimization results.
Enjoy !!
Dimitris Tsokakis

They · Jan 31, 2003

bNice work/b
Nicework

Trading with Market Profile

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