Volume Profile and Market Profile a new wave of market picture

[Vipul_84]

Wisp, which AFL you are using for plotting these charts? I am trying to use Happy's AFL but some errors. Can you please post your AFL here? My Ami version is 5.5.2

Bro, the values on 5tf chart and 30 tf chart are different although we are using daily profile, Since we are using previous days lines, which would be more accurate?

5min

30 min

 

[lemondew]

hi Xray,

Just some query related to TPO. Regarding present scenario. From naked eye as per this chart. (4 hour niftychart) last few weeks
https://www.tradingview.com/x/uqULdol5

We spent one full day 8 aug comfortably above 8700. 8700- 8750. No desperate selling. Below 8600 there ve been lot of jumps. Appears as if someone desperately buying below 8600 in past few days. Not opened and closed below 8600(1 full day). But again its coming back there

So just would like a comparison of time spent below 8600 and time spent above 8700.

In present context does it mean we would most likely spent sometime at 8500-8600 or below 8500 sometime get some more buyers to go back towards 8750 and break again.

Or it means people gonna keep buying and at sometime its gonna smoothly go above 8750.

 

[XRAY27]

hi Xray,

Just some query related to TPO. Regarding present scenario. From naked eye as per this chart. (4 hour niftychart) last few weeks
https://www.tradingview.com/x/uqULdol5

We spent one full day 8 aug comfortably above 8700. 8700- 8750. No desperate selling. Below 8600 there ve been lot of jumps. Appears as if someone desperately buying below 8600 in past few days. Not opened and closed below 8600(1 full day). But again its coming back there

So just would like a comparison of time spent below 8600 and time spent above 8700.

In present context does it mean we would most likely spent sometime at 8500-8600 or below 8500 sometime get some more buyers to go back towards 8750
and break again.

Or it means people gonna keep buying and at sometime its gonna smoothly go above 8750.

Hi lemondew !!!

Monthly reference area's are VAH@ 8652 POC @ 8520 VAL @ 8388...

so first it has to move past 8652 it has done in the starting week of this month ,but failed the weekly profile of last week and reached its target ,this week is

overlap profile and its down its target today itself..We don't know how much time it will spend in this lower levels ,but we can eat the side it moves

8745 is the weekly reference point which should be taken out for extended bull trend as this will out of the overlap area

 

[Happy_Singh]

Hi

Friday's BNF price action is a good example of double distribution day. . .

Although the AFL shows just one PoC and a very wide zone for Value Area

On this kind of days we can safely redraw it to have 2 PoCs and 2 narrow zones of Value.

The AFL uses pure maths to do its work, but as traders we have more insight and can see the PA more vividly . . .

If you check today's PA on BNF, you can clearly see a short trade setup from higher zone to lower zone
and then a potential long trade back to higher zone (remember PoC's also act as price magnets)

Happy

 

[Vipul_84]

XRAY Bhai, one trade is done !:clap:
Now the market is again coming in today's IB. Any other set up here?

Also , do you think 8595 (POC 2day's back) touched as market almost came there today (8601), but the precise number 8594 was not re-tested. So 8595 is virgin POC ?

 

[XRAY27]

XRAY Bhai, one trade is done !:clap:
Now the market is again coming in today's IB. Any other set up here?

Also , do you think 8595 (POC 2day's back) touched as market almost came there today (8601), but the precise number 8594 was not re-tested. So 8595 is virgin POC ?

8595 is NPOC or virgin poc !!! there is no close below VAL ...as of now and time is 2.48 and MIS is 3.15 so no trade for me for this day !! Happy which what i got

 

[XRAY27]

Hi

Friday's BNF price action is a good example of double distribution day. . .

Although the AFL shows just one PoC and a very wide zone for Value Area

On this kind of days we can safely redraw it to have 2 PoCs and 2 narrow zones of Value.

The AFL uses pure maths to do its work, but as traders we have more insight and can see the PA more vividly . . .

If you check today's PA on BNF, you can clearly see a short trade setup from higher zone to lower zone
and then a potential long trade back to higher zone (remember PoC's also act as price magnets)

Happy

Great Post Happy !!! Thank you very much

 

[Vipul_84]

So that means we go by the EXACT Figure of 8595. So its virgin POC as of now and will act as magnet for given next week at-least.

8595 is NPOC or virgin poc !!! there is no close below VAL ...as of now and time is 2.48 and MIS is 3.15 so no trade for me for this day !! Happy which what i got

 

[wisp]

Wisp, which AFL you are using for plotting these charts? I am trying to use Happy's AFL but some errors. Can you please post your AFL here? My Ami version is 5.5.2

Hi, please check http://www.traderji.com/advanced-tr...le-new-wave-market-picture-4.html#post1170879

 

[ram2010]

XRAY Bhai, one trade is done !:clap:
Now the market is again coming in today's IB. Any other set up here?

Also , do you think 8595 (POC 2day's back) touched as market almost came there today (8601), but the precise number 8594 was not re-tested. So 8595 is virgin POC ?

can you post the code for the chart-

thanks