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I'm searching for a specific market profile indicator. The most important parameter for me is the 1 hour time period. I would like this indicator draw new "market profile" lines every hour, with 1 STATIC HVA and 1 STATIC LVA each hour.
For example, I need that a new HVA and a new LVA lines are created at 8:30 AM, and that they remain at the same price for one hour. At 9:30 AM, I need that the lines are updated at new prices.
Furthermore, I need to parameter the value size area (in % values).
Does someone know such indicator, that can be parametered in this way? If you know some company which proposes or sell this indicator, i'm interested!
Thanks a lot!
Best regards
Can you help answer these questions from other members on NexusFi?
First question, why would you want the PoC to change every hour as opposed to dynamically updating more frequently?
Since it looks like you're on Ninja, there's a free MP tool that might partially work by changing the time sessions start and end times that's available on the Ninja Support forums. If you google for DValue market profile, you should be able to find the lines on the NT forums.
I would suggest the dynamic refresh of the PoC is going to be more useful than a random and arbitrary 1 hour cut off.
I understand your advice because I already do analyzes using a dynamic Market profile tool.
I have to do some more researches about static market profiles as a secondary indicator, with the same use as a pivot level.
The point is not if it's appropriate or not, I'm just searching for this parameter on a market profile (see my first post). If you know how to parameter this or you know a solution available by any company, I would be glad to hear this information...
LukeGeniol's suggestion would probably be the easiest way to go.
Or alternative you could over 23 individual profile indicators all set to calculate only one specified window of time. e.g. 1 set to 12:00PM-1PM, another set for 1PM-2PM,etc.
In the Jay Signal there is another indicator, the "Black Chart". There are 2 normal moving averages and big resistances/supports lines, which seem to be a kind of Fibo pivots.
My focus is on the green and red diamond-shaped lines. These levels remain for the time of 15-20 candles and then adapt to the price of the trading product. I searched for Market Profile and intraday Pivots indicators on Internet but I never found.
The black chart is on the left corner of his trading desk, on the following video: youtbe.com/watch?v=ymt_M-z4NMo
Thank you for any indication. If needed I can become an Elite member if there is an helpful indicator is available on this forum's section could help. If you can help me as a developer, I could pay for it: please contact me in my inbox.
