[Detecting Warning Signs] by Traders Laboratory

[Soultrader 12]

Heres a method I use to detect warning signs in markets when I am in a trade.

 

CLICK HERE TO VIEW PART 1

 

CLICK HERE TO VIEW PART 2

 

Charts created by Tradestation

Presented by Traders Laboratory

[namstrader 10]

Hi Soultrader,

 

I imported a Marketprofile exe.md from someone here at Traders Laboratory. I wish that I could see how you determine the value high and value low points because they are not what I see at all with the analysis technique that I imported.

 

Thanks!

 

Namstrader (mark)

[Soultrader 12]

Hi Mark,

 

Antonio or ant is the coder for that indicator.

 

Set your chart to 15min or 30 min. Go to format indicator => input => and set GetArraySz to false. Set ArraySZ to 3000.

 

See if this works. If you also want to double check your numbers use this link.

 

Daily Notes for Day Traders | Pivot Points for Index Futures and more

[namstrader 10]

Thank you very much again.

 

ant has the two values in there already, the false and 3000, so I went to the site you suggested and I will use that each day.

 

Mark

[Soultrader 12]

Yea.. its a great site for stats and numbers. Just take the data and plot it in manually. Usually updated around 9pm everyday. Should work like a charm.

[ant 10]

namstrader,

 

Let me know what differences you're seeing and I'll review my value area calculation. Let me know the UVA, POC, and LVA, the market, and timeframe.

 

EDIT: The link below describes the most common way to calculate the POC and value area. This link is from the website that James provided above that generates the Market Profile levels. I've updated my Market Profile indicator and now my value area matches their levels exactly. Also, note that the "delta1" website caclulates the value area for the YM for trading between the hours of 9:30am to 4:15pm EST, even though RTH start at 8:20am, which also contributes to the differences in the value area. I'll post the latest version of my Market Profile indicator at some point.

 

Calculating Market Profile Value Area and Point of Control

[Soultrader 12]

Will be waiting for this Antonio

 

I owe you many thanks for both the Mp and pivot indicators.

[diesel 10]

Great vids!! Like to see more of em. Any future editions planned?

[Soultrader 12]

Great vids!! Like to see more of em. Any future editions planned?

 

I try to add videos whenever I get a chance. Live recordings are a little tough especially when Im trying to concentrate 100% on the trade.