Code:#VolumeProfile_Offet_Today_to_Tomorrow def height = PricePerRow.AUTOMATIC; input timePerProfile = {CHART, MINUTE, HOUR, default DAY, WEEK, MONTH, "OPT EXP", BAR}...
Code:#VolumeProfile_Offet_Today_to_Tomorrow def height = PricePerRow.AUTOMATIC; input timePerProfile = {CHART, MINUTE, HOUR, default DAY, WEEK, MONTH, "OPT EXP", BAR}; input multiplier = 1; input profiles = 2; input valueAreaPercent = 70; def period; def yyyymmdd = GetYYYYMMDD(); def seconds = SecondsFromTime(0); def month = GetYear() * 12 + GetMonth(); def day_number = DaysFromDate(First(yyyymmdd)) + GetDayOfWeek(First(yyyymmdd)); def dom = GetDayOfMonth(yyyymmdd); def dow = GetDayOfWeek(yyyymmdd - dom + 1); def expthismonth = (if dow > 5 then 27 else 20) - dow; def exp_opt = month + (dom > expthismonth); switch (timePerProfile) { case CHART: period = 0; case MINUTE: period = Floor(seconds / 60 + day_number * 24 * 60); case HOUR: period = Floor(seconds / 3600 + day_number * 24); case DAY: period = CountTradingDays(Min(First(yyyymmdd), yyyymmdd), yyyymmdd) - 1; case WEEK: period = Floor(day_number / 7); case MONTH: period = Floor(month - First(month)); case "OPT EXP": period = exp_opt - First(exp_opt); case BAR: period = BarNumber() - 1; } def count = CompoundValue(1, if period != period[1] then (count[1] + period - period[1]) % multiplier else count[1], 0); def cond = count < count[1] + period - period[1]; profile vol = VolumeProfile("startNewProfile" = cond, "numberOfProfiles" = profiles, "pricePerRow" = height, "value area percent" = valueAreaPercent, onExpansion = no); #Prior Day High/Low ValueAreas def HVA = if IsNaN(vol.GetHighestValueArea()) then HVA[1] else vol.GetHighestValueArea(); def pHVA = CompoundValue(1, if cond then HVA[1] else pHVA[1], Double.NaN); def LVA = if IsNaN(vol.GetLowestValueArea()) then LVA[1] else vol.GetLowestValueArea(); def pLVA = CompoundValue(1, if cond then LVA[1] else pLVA[1], Double.NaN); plot PrevHVA = pHVA; plot PrevLVA = pLVA; PrevHVA.SetDefaultColor(Color.YELLOW); PrevLVA.SetDefaultColor(Color.YELLOW); PrevHVA.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); PrevLVA.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); #Prior Day POC Calculated def POC = if IsNaN(vol.GetPointOfControl()) then POC[1] else vol.GetPointOfControl(); def pPOC = CompoundValue (1, if cond then POC[1] else pPOC[1], Double.NaN); plot PrevPOC = pPOC; PrevPOC.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); PrevPOC.SetDefaultColor(Color.MAGENTA);
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The image you have is of a indicator system called MarketWebs...you can see their logo in the top left of the chart. They have a twitter account.... its what I use. Its my #1 favorite system and the only one that I would be willing the pay $$ for....because yeah you do gotta buy it. It does a whole lot of stuff, but essentially its based off of MarketProfile, gives you daily/weekly/monthly/yearly value areas and extends VPOCs. You can also use the setting where it takes the average between the marketprofile (time) and volume profile (volume). Mine is an older version and I had to get a script I found on this website to add the extended VPOCs. Theres a script you can find on this board that will project the previous timeframes volume profile forward, its on here somewhere I found it when I first started looking for a marketwebs script somewhere, but its not the same thing, not close. Theres a ton of other stuff that goes into MarketWebs. But ToS does have a native MarketProfile, its called "MonkeyBars" I'll attach a couple of images of my MarketWebs and my MarketProfile......but you are definitely on the right track....get your MarketProfile going, look into Auction Theory and what it is but don't waste a huge amount of time on it.....pay close attention to MTF Value Areas, just check out the images attached and how price interacts with them and the VPOCS. ESPECIALLY pay close attention to the the single print zones, they're the strongest areas out there. Cheers
I saw the script from Sleepy Z posted below and am looking for the same predictive concept except using Market Profile instead of Volume Profile. Any help would be greatly appreciated.
Volume Profile
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