Mypivots.com Help Please

[Beachtrader 10]

Hi there,

 

Am new to this forum but came across it during my researches into Market Profile. I'm currently trading FTSE cash via spreadbetting and am getting very into Market Profile and how I can use this to best effect. I'm trying to steer clear of indicators and purely focus on charts so am not looking to go down the route of purchasing MP software. That said I obviously need to get a certain amount of information re POC etc. which lead me to mypivots.com value area calc. Can anyone help me with one simple thing?

 

I understand about inputting the 30 min data but am unsure what tick size I should put in. Should it be 1 or greater? I've noticed that if I change the tick size it has a major inpact on the value area calc.

 

Any help would be gratefully appreciated.

 

Happy Trading!!

 

Beach

 

P.S. The info on this forum about Market Profile is excellent IMO

[ochie 10]

This should be the Minimum Price Movement for your contract.

For FTSE 100 try 0.5.

[Beachtrader 10]

Great - thanks Ochie. I'll give that a go. One question though, the FTSE cash on spreadbetting goes to 1 decimal place e.g 4320.6. Does this mean that 0.1 of a tick would be more appropriate?

[ochie 10]

I don't trade the FTSE or use Spreadbetting. But I have used this calc tool in the past and that field is used for minimum price movement. I would stick with the value as defined in the futures contract specification.

[Beachtrader 10]

Thanks for that Ochie - I've had a look and I'll use the setting you suggested.

 

Bye for now

 

Beach