Marketprofile.eld

[BigEd]

I have downloaded the marketprofile.eld indicator that some of you have posted here. It does not seem to have changed my chart. Can someone give some help here?

Is it something that only updates when the market is open? If so, that is the problem because it is the weekend.

If someone could post a screen shot or some simple instructions, I would be most appreciative.

Thanks

[thrunner]

Welcome to the forum. Please link the URL to the MP indicator you are using from this forum; not sure which one you are referring to.
If you are using the TPO_Pro5 from the TS forum, try a 15 min chart with about 20 trading days of data (see attached for @ES) and use compress setting of 4 so that the letters are not all squeezed together (also try a fix courier font on TS chart). The indicator does not depend on bid/ask or other transient data.
If you using the MP indicator by Antonio (Ant), that is code protected and has expired a while ago (perhaps one year) and no longer display anything on your chart.
There is no support on any of these indicators, it is just a matter of trial and error.

Here are some notes from the TS forum on the TPO_Pro5 indicator

	Quote:
	{ Regular Session by using @ER2.D you should eliminate the off-hour MP's. Also, you have to use a non-proportional font like Courier to have the letter spacings show up properly, or a letter "I" takes up less horizontal space than a letter "M" and throws-off the histogram. You can do this by right-clicking on some of the letters, "No" to format Analysis technique. Then choose a fixed-width font and check Default. Then reload the chart with Ctrl-R. Unfortunately, ALL text on ALL your charts will now use the fix-space font when the charts reload - TS can't have some one way, and others another way... I went 10 days back on data, as little as 5 will work. Try changing the Compression and Length inputs to 3, or a lower number than the default depending on you screen resolution . According to Robls99 in another post: The current function for Session time have been changed to: SessionStartTime(SessionT ype, SessionNum) SessionEndTime(SessionTyp e, SessionNum) where: SessionType is a numeric value: 0 = Auto Detect, 1 = Regular Session Session Num specifies the specific session that should be returned. See the TradeStation User Guide (Help tab) for further info. Can we change the code to a way that we can auto detect session? I tried changing the input to SessionStartTime(0, 1) and still doesnt work. What can i do? you can look here . For 07/26/07 you see the dates http://www.charthub.com/images/2007/07/27/ym_rth_mp By definition, the POC is the longest line of TPO's closest to the center of the range. The value area is where "70% of or thye day's business is conducted." (per Dalton's Mind over Markets). The value area is approximately 1 standard deviation of the total price movement. Some use a volume value area, TPO value area or both. The POC or point of control is the price where most of the TPOs exist. Initiating trades at the POC may be less likely to succeed. You often find random movement at the POC on a normal day type. At the POC, price is at the middle of the of the "bell curve" and could go in either direction. ok figured it out. my value area percentage was wrong. When i made it 70% it is fine now }

[BigEd]

Thrunner, YOU ROCK!

I was using the wrong one. I really appreciate the fast response, and look forward to discussing MP with you guys.

Has anyone ever followed Michael Jardine at www.enthios.com? I am very intreguied on how me uses MP in his system?

Thanks

Trey aka BigEd

[BigEd]

OK. After reading you post and others, I can not get my market profile to match anyones numbers.

I have loaded the symbol @ES 15m regular session. It seems that the MP wants to break up the day into 2 parts. Yours does not seem to be that way. Also when I check the numbers against a couple of sources, the numbers are not correct.

Here is what mine looks like.

Thanks,

[MrPaul]

Thrunner,

Can you please PM or post a link to the .eld file ?


thanks!

[BigEd]

Here is the file that I got working. It is from TS fourums. It seems to be the one that Thrunner is talking about. If anyone has an updated one, I would also be interested.

[thrunner]

	Quote:	MrPaul
	Thrunner,Can you please PM or post a link to the .eld file ?thanks!

Hi Mr. Paul, Various members have posted links to eld lately to a Market Profile indicator. I believe they are all based on the TS forum MP indicator TPO_Pro5b because they all look about the same and that is the one I showed above and the one BigEd is trying out. Here is the other recent link I believe by gnassh : http://www.traderslaboratory.com/for...html#post27703

I personally don't use MP, but I keep it around just to see what other traders may be looking at and acting upon.

BigEd, you can try a @ES.D chart instead to avoid the after session activation of the MP indicator. I am not awared of too many MP traders using it for trading outside of RTH (regular trading hr) You can also check your numbers here:
http://www.mypivots.com/forum/topic....ID=2531&#10944 They are free and usually accurate. If your numbers come within a few ticks of what they got, I think that is pretty accurate for MP, considering not everybody is using the same data feed.