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TOS Monkey Bars (Mkt Profile) & Volume Profile


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TOS Monkey Bars (Mkt Profile) & Volume Profile

  #41 (permalink)
Jlug
Ireland
 
Posts: 14 since Aug 2017
Thanks Given: 14
Thanks Received: 5

Wondering if you know of an initial balance indicator that I can put on a candle chart of say 15mins? Looking for the balance hi/lo/mid to be drawn automatically on a 15min candle chart.

Cant seem to find one and cant get one coded up but thought I cant be the first to want this.

Many thanks for your great post.


Private Banker View Post
Looks like TOS has improved their Monkey Bar (TPO) indicator a bit. You can now select the color of the numbers in your profile as opposed to having it set to an automatic color scheme. They've also added the initial balance. Still a world behind in most areas but definitely moving forward to the point where this can be used. It would be nice if they allowed you to split sessions and extend the naked POC's and VA's but one thing at a time I guess as they're speaking to a wide audience of traders. You can draw them manually of course, which I did below on the CL chart. Just make sure to use the "Pan" tool to scroll around the chart.

CL TPO with custom tick size of .05 (5 ticks) which also required a lot of zooming and manipulating of the chart to make it legible but it is possible.





And here's the ES profile with a custom tick setting of .50 (2 ticks). Same thing here, you have to manipulate the screen but can get it to look pretty decent.



Also, you can do the same thing with the volume profiles through the same process of manipulating the screen.



Just thought I would share that for those that have been attempting to use TOS with these indicators and have been frustrated. They appear to be making attempts to improve their platform.

Cheers,
PB


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  #42 (permalink)
Jlug
Ireland
 
Posts: 14 since Aug 2017
Thanks Given: 14
Thanks Received: 5

You ever get an answer to what the 3 represents? Would also like to know.


salisem View Post
I'm new to using volume/TPO profiles, but I can see why it is so essential to trading. I was happy to see they added the initial balance as well, but I am confused as to why this can be adjusted. The default setting is 3, can anyone tell me what that means? Thanks


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  #43 (permalink)
Jlug
Ireland
 
Posts: 14 since Aug 2017
Thanks Given: 14
Thanks Received: 5


No. But I think from learning a lot more that its probably the first 3 TPO periods. 1 period being 30 mins.

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  #44 (permalink)
 droknowsbest 
New York
 
Experience: Advanced
Platform: Thinkorswim
Trading: Emini ES
Posts: 1 since May 2019
Thanks Given: 1
Thanks Received: 0

Could someone point me to how each profile can begin at the New York pit open (9:30 est) as opposed to the Globex 5pm est open? “1” period makes more sense to me as 9:30 NY time, can’t seem to figure out how to change it. Thanks!

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  #45 (permalink)
mini
LA, CA
 
Posts: 5 since Aug 2019
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Thanks Received: 3

How to trade with volume profile?

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