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Developing POC, VAH, VAL


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Developing POC, VAH, VAL

  #1 (permalink)
 kjhosken 
Seattle, WA/USA
 
Experience: Intermediate
Platform: TOS, TS
Trading: Forex, crude
Posts: 96 since Sep 2016
Thanks Given: 7
Thanks Received: 35

Been trying to write up an indicator that keys off VAH and VAL. However, as most who've played with thinkscript know, making an indicator based on the standard volume profile study will result in repainting as the value area and POC moves. So I'm wondering if anyone has been able to write a developing volume profile in thinkscript?

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  #2 (permalink)
adii800
Santa Clara + California/USA
 
Posts: 10 since Feb 2020
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kjhosken View Post
Been trying to write up an indicator that keys off VAH and VAL. However, as most who've played with thinkscript know, making an indicator based on the standard volume profile study will result in repainting as the value area and POC moves. So I'm wondering if anyone has been able to write a developing volume profile in thinkscript?

I second this req.

I feel developing profiles, which don't repaint add IMMENSE value, for all intraday traders.

For existing profile traders, seeing the development of an auction market helps you find biases at prices in the market.

This indicator would rival VWAP and internals.

I tried giving it a shot on:https://usethinkscript.com/threads/intraday-volume-profile-by-bar.3061/

This is definitely worth a shot.

Open to any ideas

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  #3 (permalink)
 Jrozco 
Miami FL
 
Experience: None
Platform: Ninjatrader
Trading: Micro futures
Posts: 1 since Feb 2021
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kjhosken View Post
Been trying to write up an indicator that keys off VAH and VAL. However, as most who've played with thinkscript know, making an indicator based on the standard volume profile study will result in repainting as the value area and POC moves. So I'm wondering if anyone has been able to write a developing volume profile in thinkscript?

Any update?

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  #4 (permalink)
 txsroper 
Austin Tx
 
Experience: Intermediate
Platform: NT, TOS, TradeStation
Trading: ES, NQ, CL, GC, Option Spreads
Posts: 24 since Sep 2013
Thanks Given: 9
Thanks Received: 13

Since I am a believer in having multiple brokerage accounts, I found in TradeStation a good Market Profile tool. I think name is TAS. Did not realize until recently I actually know the trainer. He use to be a broker for a Chicago futures firm and after years of using this market profile tool left to expand TAS. Hope the attached image is clear. Wish there was a TOS equivalent.
TAS Market Profile

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  #5 (permalink)
adii800
Santa Clara + California/USA
 
Posts: 10 since Feb 2020
Thanks Given: 24
Thanks Received: 5


txsroper View Post
Since I am a believer in having multiple brokerage accounts, I found in TradeStation a good Market Profile tool. I think name is TAS. Did not realize until recently I actually know the trainer. He use to be a broker for a Chicago futures firm and after years of using this market profile tool left to expand TAS. Hope the attached image is clear. Wish there was a TOS equivalent.
TAS Market Profile

The image is not visible :P

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Last Updated on February 7, 2021


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