The Nature of Support and Resistance - Page 3

gassah · #21 (**permalink**) 05-23-2008, 11:20 AM

I also prefer not to include the minor extension above 1400 and have moved back the last border of the profile. The blue area is value for anybody not familiar with this chart.

Tannism · #22 (**permalink**) 05-23-2008, 02:36 PM

Hi, Nic.

Your technique is so sophisticated compared to my hand drawn charts from 98-99 based on MP from the Eng book, I think it was.

Are the colored areas standard deviations of VAP for the entire area (except for the last swing in one case) or calculated based on where you have drawn lines?

Thanks.

TannisM

gassah · #23 (**permalink**) 05-23-2008, 02:44 PM

Hi TannisM,

They are just the 1st (value), 2nd, and 3rd standard deviations based on price. I wish it was derived from volume but they are usually very close.

DbPhoenix · #24 (**permalink**) 05-23-2008, 02:47 PM

	Quote:	Tannism
	Hi, Nic. Your technique is so sophisticated

All right, you two

gassah · #25 (**permalink**) 05-23-2008, 02:47 PM

It's calculated from where the profile starts on the left (1/22) to the right vertical line.

Sledge · #26 (**permalink**) 05-23-2008, 03:40 PM

Nic-
Any chance you know how to integrate an MP into a MT4 Platform? That is stellar!
Sledge

firewalker · #27 (**permalink**) 05-23-2008, 04:05 PM

	Quote:	Sledge
	Nic- Any chance you know how to integrate an MP into a MT4 Platform? That is stellar! Sledge

Have you tried these? Found them at ForexFactory.

Had to zip the other one, because I couldn't attach it (invalid extension error).

Sledge · #28 (**permalink**) 05-23-2008, 04:15 PM

Firewalker-
Any chance you can walk me through how to install these into the platform?
I have not a clue how to put these into the platform.
Thanks!
Aaron

firewalker · #29 (**permalink**) 05-23-2008, 04:19 PM

	Quote:	Sledge
	Firewalker- Any chance you can walk me through how to install these into the platform? I have not a clue how to put these into the platform. Thanks! Aaron

Actually, I've only installed MetaTrader a week ago, just trying things out myself. I now use it to track what wasp is doing in FX.

I've just placed those files the "experts\indicators" directory and they showed up in the indicators list. Menu Insert > Indicators > Custom. Then just click market profile, set the right start date and you have something (see attached chart).

Experimenting with it myself right now. One of them seems to work fine, the other not really... but I suspect those familiar with MP will probably be able to tell more.

gassah · #30 (**permalink**) 05-23-2008, 05:44 PM

	Quote:	Sledge
	Nic- Any chance you know how to integrate an MP into a MT4 Platform?

Sorry. I didn't even know what MT4 was until your question.

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