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Old 05-23-2008, 03:47 PM   #25

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re: The Nature of Support and Resistance
It's calculated from where the profile starts on the left (1/22) to the right vertical line.
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Old 05-23-2008, 04:40 PM   #26

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re: The Nature of Support and Resistance
Nic-
Any chance you know how to integrate an MP into a MT4 Platform? That is stellar!
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Old 05-23-2008, 05:05 PM   #27

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re: The Nature of Support and Resistance
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Originally Posted by 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).
Attached Files
File Type: mq4 market profile.mq4 (4.7 KB, 151 views)
File Type: zip indicators.zip (6.8 KB, 161 views)
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Old 05-23-2008, 05:15 PM   #28

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re: The Nature of Support and Resistance
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
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Old 05-23-2008, 05:19 PM   #29

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re: The Nature of Support and Resistance
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Originally Posted by 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.
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Old 05-23-2008, 06:44 PM   #30

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re: The Nature of Support and Resistance
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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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Old 05-24-2008, 12:43 PM   #31

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re: The Nature of Support and Resistance
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The last chart was from MarketDelta and their composites always include the present bar. I prefer to leave out the last swing so here's the SP500 again. The value area is a little different.
So now we should be at a potential support point according to the distribution on the SP500?

erie
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Old 05-24-2008, 01:29 PM   #32

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re: The Nature of Support and Resistance
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So now we should be at a potential support point according to the distribution on the SP500?erie
I agree. It could then become a spring of the May lows and is why I'd like to see more of what develops.
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