[zardoz]

TPO Pro 5 should be able to do it. What I did was make a new indicator and then codied the code from TPO into it. So I had two copies of the same thing. Then I could experiment with code changes without messing up the original. For the Volume histogram I got rid of the letters in the code "ABCDEF.......... " and replaced them with *=*=*= . Then for the inputs I used 0.25 for compress and 15 for len.

Z

[aaa]

Hi

MP uses 70 % for the VA

1 standart Dev is 68.268

Standard deviation - Wikipedia, the free encyclopedia



I hope that it helps

Regards

************************* *************

PS : The second VA on the graph below is 2 standart Dev (95.449 )

[mojoe]

I follow exactly as you decribe, could not get your chart. Would you mind posting your ELD. Thanks

[BlowFish]

Originally Posted by aaa »

Hi

MP uses 70 % for the VA

1 standart Dev is 68.268

This is true, however as MP is a completely heuristic approach the VA is just a number with no statistical relevance.

There were a couple of discussions about this in the trading with market statistics thread...a search for 'heuristic' should find them.

[Mustang-]

When I think of Volume Profile and Price Profile in terms of Logic makeup of indicator its very easy for me to say that a volume profile amkes more sense on purly logical terms.

but the markets dont think and function in terms of logic, reason , science. The markets are what they are.
If you have some trading experience and monitor both Volume and Price profile it is quickly obvious that Price(TPO) profile is much more effective then Volume profile.

For trading results I would recommend a classic TPO profile.
For scientific studies I would recommend a volume profile

[BlowFish]

I'd agree on your first point VAH VAL are watched (and traded) by enough people to be significant. I disagree on the second though peak volume price, and VWAP are also pretty significant (I'd say it edges them out) the standard deviations of the VWAP are pretty neat too. Another nice thing about those measure is they are a lot more flexible in how they can be applied. As with most thing it's how you apply them that counts.

[zardoz]

In J Dalton's book Mind Over markets he talks about TPO counts above and below the developing POC (not including single prints). He then uses this ratio to see if a short term balanced mkt is more likely to breakout to the upside or downside.

Has anyone looked at this?

I have just coded this and reversed the ratio so if it is above 1 the mkt should tend to break up.

See pics

Z

[Mustang-]

Originally Posted by BlowFish »

I'd agree on your first point VAH VAL are watched (and traded) by enough people to be significant. I disagree on the second though peak volume price, and VWAP are also pretty significant (I'd say it edges them out) the standard deviations of the VWAP are pretty neat too. Another nice thing about those measure is they are a lot more flexible in how they can be applied. As with most thing it's how you apply them that counts.

BF, Although im familiar with VWAP, I rarely have used... (TPO)POC and VWAP are very similar. I prefer the POC as In my observations and the way I approch the market POC works better for me.

You are 100% correct... As with most thing it's how you apply them that counts.

That said I can only speak from my experience and if someone asked me about Volume Profile or TPO prfoile I would say go with Price profile.
However In the Future Im going to ammend that statement too... primary focus should be Price Profile but monitor Volume profile as you may end up liking it and finding it useful too.