[TheNegotiator]

Haha. Maybe listen? If you are looking at a market profile, there is a difference as volume is approximated by TPOs. If you are looking at a volume profile, there should be NO difference. If you are really looking at a volume profile, I would suggest going and looking at your indicator settings. In some I have seen, you need to manually set the VA type to Volume as it defaults to TPO. The indicator you have if it is from the forum may not have the option even to change the VA calculation method. Imo Ninja is not great for MP/volume profile.

Hope this helps.

[CrudelyTrading]

Originally Posted by TheNegotiator »

Haha. Maybe listen? If you are looking at a market profile, there is a difference as volume is approximated by TPOs. If you are looking at a volume profile, there should be NO difference. If you are really looking at a volume profile, I would suggest going and looking at your indicator settings. In some I have seen, you need to manually set the VA type to Volume as it defaults to TPO. The indicator you have if it is from the forum may not have the option even to change the VA calculation method. Imo Ninja is not great for MP/volume profile.

Hope this helps.

Ok, Thats exactly what I thought. I did find a setting in there earlier like you say, it can be changed from TPO to VOC (Volume on close?) - Even in the VOC mode though, there are still differences in the VA when you change from 1-5-30min charts. LOL.

Thanks for your help. Have a feeling that it´s a dodgy indicator. Going to try and contact the writer of it. Cheers.

[didi52]

Hi SoulTrader,
apologize for my naive question: where / on which site do you find the data needed for calculating the Value area?
As you see I'm a newcomer to this and would appreciate your help on this
Kind regards. didi52:

[TheNegotiator]

This might be a good link for you to look at:-

Market Profile Calculator