Trading with Market Profile

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.

 

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?

 

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

 

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

 

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

 

Ditch,

could you may be elaborate a bit on how you use the market profile tool in order 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

 

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?

 

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.

 

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