Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Sorry gomi I don't follow.
Your last chart on post#6 has the per bar volume profiles.
The volume at each price is sometimes green/black and sometimes red/black,
over the course of one bar.
I thought the red/green colour was if there were more bid or ask within the total (black) volume at each price?
Oddly, I do have this per bar profile plotting red/black and green/black at each price over the coarse of a bar, on one ES chart but it is only plotting red/black at all prices on all bars on another identical ES chart and only red/black at all prices on all bars on all currency charts.
?
Thx
Can you help answer these questions from other members on NexusFi?
i am getting all sorts of err msgs in my log file - failed to set property starthue, minutestep, endhue, rthlength and failed to call method initialise for indicator GomMP?
The colored part is the delta. Colored part + black part = total volume.
Up/Down colors used (for the delta) are the colors defined up/down for the bars on your chart.
Could you post pictures containing price +GomMP+GomCD ?
My mistake gomi, I now understand the bar colour/delta colour combination.
My apologies for taking your time unnecessarily and gratitude for your indicators and help.
(I hadn't realized the up bar colour was set to Black on the chart not showing any
green/black profile at price ).
Dunno on these ones... the POC should be easily spotted by eye, and I'm not a firm believer of VAH and VAL for now (will change if proven the opposite) since I believe the market is not Gaussian so that 2*sigma 68% stuff is nonsense.
Anyway both stuff would require some serious evolutions in the code because it wasn't really implemented to allow that, so I'll pass for now, but who nows :-)
value areas usually provide great support and resistance when the market is balanced, it doesn't occur that often( maybe about 18%), but it does occur. Also, when trending, markets tend to visit upper or lower value from previous day before continuation or range expansion. It doesn't always come down to touch the POC.
Finally, while the POC might be easy to see when your looking at the day's profile, but when your looking at a multi-day chart, its much easier to spot and try to figure out instead of eye-balling it. Check it out, you'll notice that it does happen. For example, today the YM stopped right at yesterdays value area near the highs, those are great targets.
