Trading with Market Profile

[Ditch]

For ensign-users it might be interesting to know that ensign has a mp-feaurure as well. I also found it useful to display tick as an oscillator.

 

[ArchAngel]

Quote from JT47319:
bump

What's the agenda behind bumping a 3 month old thread (that people obviously got tired of) back to the top of the list with a no value added "bump" post? Is there some advertising in it that someone is trying to get people to look at again?

 

[JT47319]

20-day running overlay based off of ckryza's nifty eSignal Market/Volume Profile study.

 

[Ikspec]

Apparently eSignal has market profile. Anyone know how to access it?

 

[tntneo]

esignal's market profile is optional.
you have to subscribe to get it. see the web site.

 

[Eddy]

Ditch,

could you may be elaborate a bit on how you use the market profile tool in order to display tick as an oscillator ?

Quote from Ditch:

For ensign-users it might be interesting to know that ensign has a mp-feature as well. I also found it useful to display tick as an oscillator.

Do you mean you are looking at a tick chart, with a short Market profile periodicity (ie restarting a new profile every minute or so) ?

Thanks for the information

Eddy

 

[JT47319]

Another 20-day overlay, including fibonacci lines based off of the 5/20 low to 6/30 high.

The uptrend is starting to look a little overextended. The 20-day POC is at 944.5 w/122.3K contracts, but we have a minor POC at 982.75.

 

[spreadem]

Another 20-day overlay, including fibonacci lines based off of the 5/20 low to 6/30 high.

The uptrend is starting to look a little overextended. The 20-day POC is at 944.5 w/122.3K contracts, but we have a minor POC at 982.75.

What does that have to do with Market Profile?

 

[JT47319]

Quote from spreadem:

What does that have to do with Market Profile?

Its a market profile based off of the last 20-days instead of the typical one day's worth of trading. It has an UVA, LVA, and POC, but on a more long term basis.

Based on Auction Market Theory, I imagine that it will trade down for a while as traders and long term players seek to find value somewhere between 1000+, which was resoundly rejected as value, and the 20day LVA of 927.

 

[spreadem]

quote from JT47319:

which was resoundly rejected as value, and the 20day LVA of 927.

I agree that those high values were rejected, but, how do you know that those highs won't be retested on Monday.