Carl, I can't seem to play the .flv file for some reason. Do you have a link you can point me to...? Or a link to the developers wesbite...?
Many Thanks --- In [email protected], "Carl Sanders" <[EMAIL PROTECTED]> wrote: > > Hello, > > I have been looking for a similar thing and have found a provider that does > something called volume profile. Very much similar to what is done by ensign > charts or what you talk about. > > If you watch the first 30-60 seconds of this swish file, it will show you > its use and how you can change time frames and see the volumes there. Very > useful in finding where actual support and resistance is while trading. > > Carl > > > > > TJ, > > > > Thanks. > > > > "True", or "Classic" Market Profile if you like, works like this... > > > > Clasically a day is split into 30 min segments. Each "letter code" > > represents a 30 min segment. You can also define each 30 min segment > > by a graphical block of a different color as per, > > > > http://fin-alg.com/MPSmall.png > > > > But truthfully "letter codes" are much better because they form a > > chronological order which is important. A letter is placed on the > > histogram at each price point which traded during that 30 min period - > > from the leftmost column forward. Thus building a typical bell shaped > > horizontal histogram. > > > > I am not sure about the full functionality offered by the NinajTrader > > plug-in that Pete uses... Pete, can you comment on this...? > > > > But I can imagine that it would allow such things as user defined > > periods (i.e. the 30 min segment is variable), the ability to form > > composite Market Profiles... i.e. you can combine a number of > > concurrent days (still with 30 min segments) to appear in one market > > profile that way building a bigger picture of the market place, > > returning information about he profile built such as the width (in > > number of segments) of the widest point of the profile etc... > > > > I think if you look at this diagram you will see what I mean... > > > > > > http://fin-alg.com/mp.jpg > > > > Again, love to be able to achieve this on AmiBroker. The more > > experince I get as a trader, the greater my desire to move away from > > the vanilla price charting. Maybe that's a trend that will grow more > > widely. > > > > Would this be hard to implement TJ? > > >
