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Steidlmayer Market Profile then who created Volume Profile?
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Steidlmayer Market Profile then who created Volume Profile?

  #11 (permalink)
Trading for Fun
Chicago
 
Trading Experience: Intermediate
Platform: NInja
Favorite Futures: ES
 
Posts: 143 since Jan 2015
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TradeAction View Post
If Steidlmayer co created Market Profile then who created Volume Profile? I know to some this is a insignificant question but I like to do a bit of history on the tools that I use to better understand their origins and improvements over time.

Understanding who what and why helps me out. Knowing a bit of the inner mechanisms of a tool gives me a better grasp on what it is and how its to be used.

Thanks!

If you want to go deeper, read/listen to the information from the people mentioned in my latest threads.
There is value in trying to predict the day type (which I have not learned) but if you just want to see nitty gritty uses for the information, see my charts.
https://futures.io/beginners-introductions/43687-beginners-what-really-matters-volume-profile.html

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  #12 (permalink)
Elite Member
Chicago, IL
 
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
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Waiter View Post
BUT, what is volume profile



Just like we have volume plotted on the x-axis, (volume per bar/candle) Volume Profile is simply volume plotted on the y-axis usually called volume at price or vap for short.

This is a the basic requirement. From this we can see which prices are attracting and have attracted more or less volume. There are a good number of ways to then trade this information in combination with other information for example order flow or the breakdown of this volume information into either buys or sells etc.

Ron
Edit: a picture is worth a thousand words....

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It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)

Last edited by Blash; December 30th, 2017 at 12:05 PM.
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  #13 (permalink)
Elite Member
Chicago, IL
 
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
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Posts: 1,859 since Nov 2011
Thanks: 5,712 given, 3,259 received

Steidlmayer Market Profile then who created Volume Profile?



Waiter View Post
ohhh man, that chart really looks like $100 bill, tell me honestly is it makes you better trader?
or its more like show off
its sad that you can use market replay on that platform, it chokes not the comp but the powergrid from all that calculating whatever tick dat they copile



I like to think all my tools make me a better trader. I use Rancho Dinero tools and some simple stuff I wrote. But in the end it’s the decisions, and the tool for that is the brain. And keeping this tool working great is an investment (of many kinds) a life style as far as I’m concerned.

Haven’t used market replay so I can’t comment.

I left my charts for other longer term charts without my Volume Profile..... into more spot FOREX and I had a hard time felt lost but couldn’t put my finger on it. It’s actually reflected in my decline in posting here at FIO. Went back to the chart you now see here and I will never again leave them. These tool really help my intuition.

Currently reading.... Embracing Uncertainty: Breakthrough Methods for Achieving Peace of Mind When Facing the Unknown by Susan Jeffers PhD and in that book she mentioned this book: Awakening Intuition: Using Your Mind-Body Network for Insight and Healing by Mona Lisa Schulz MD PhD so I put Embracing Uncertainty on hold to read Awakening Intuition. Both great books. They are pushing me which is the reason I’m reading them.

Ron

Edit: grammar
Sent from my iPhone using futures.io

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)

Last edited by Blash; December 31st, 2017 at 10:49 PM.
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  #14 (permalink)
Trading Apprentice
New York + US
 
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Posts: 25 since Aug 2015
Thanks: 9 given, 1 received

Charles Cochran of CNFT is the main originator of VP. He just passed away on April last

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