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Market Profile Exploring the Auction Theory

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  #21 (permalink)  
Old 22-01-2012, 11:51 AM
alex alex is offline
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Originally Posted by apache View Post
Can you please explain abt volume delta? Where do you get the figures of upvolume, downvolume, ticks?

thnx in advance.

1) I fetch data from Odin to Multichaarts which is tick data
2) In multicharts there is built in indicator/function upticks and down ticks.
3) It can also be done in other softwares
psudo code is -
Code:
when close > previous close then value1 = upvolume
when close < previous close then value2 = downvolume
delta = value1 - value2
4) Logic is simple, first we calculate volume responsible for upmove and then volume responsible for down move and calculate the difference. For up move delta should be positive that means upvolume should be greater than downvolume. Opposite is true for down move.
5) More accurate n fast the data more accurate this indicator is.
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Old 22-01-2012, 03:33 PM
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Originally Posted by alex View Post
Here is NF ( for D2). Note that sometimes there can be two open types trigger within 9.45( 15 min tf) like it triggered on 19th(third from left,) on first bar its open test drive down and on second bar its open rejection reverse up, so we don't take any trade. (Code doesn't look back to prev day to see imp reaction zones, as i am thinking about the logic to code it)



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Sirji what platform is this

ये सब मेरी समझ में क्यों नहीं आ रहा है .... Teacher ने कहा था नालायक Maths or Geomatry पर जोर दे तेरा भला होगा अब समझ में आया क्यों कहा था
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Old 22-01-2012, 05:02 PM
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Originally Posted by Easy Trader View Post
Sirji what platform is this

ये सब मेरी समझ में क्यों नहीं आ रहा है .... Teacher ने कहा था नालायक Maths or Geomatry पर जोर दे तेरा भला होगा अब समझ में आया क्यों कहा था

lolzz.. This isn't a rocket science buddy, it's based on market profile concept ( go through market profile in theory thread ) and platform is Multicharts.
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Old 22-01-2012, 05:29 PM
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Nice effort Alex, keep going, will watch closely.
I would also like to invite others to join in the discussion and give their valuable comments and observations.
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Old 23-01-2012, 08:46 AM
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Open drive for HDIL, long at 80.10, stop loss is low of the day
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Old 23-01-2012, 08:50 AM
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For NF need to wait till 10:15, so far it seems like open rejection reverse or open auction..Both types tend to take two 30 min candles.
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Old 23-01-2012, 10:17 AM
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Originally Posted by alex View Post
1) I fetch data from Odin to Multichaarts which is tick data


May I ask how do you do it? Some special software?

Thnx in advance.
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Old 23-01-2012, 10:24 AM
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Originally Posted by alex View Post
For NF need to wait till 10:15, so far it seems like open rejection reverse or open auction..Both types tend to take two 30 min candles.

open rejection hua, lekin pura reverse nahin hua, mkt breadth is in favour of bulls till now, open auction toh nahin hai.
till now bkting within , no RE, awaiting imbalance to trigger.
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  #29 (permalink)  
Old 23-01-2012, 02:59 PM
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Apperently there is lot of home work to do. Market (hdil)started as open drive but later turned in to open auction..though in defination its not useful because it almost took 2 hr to give the indications, and max 1 hr is necessory to define open type.

Gotta role up my sleeves now and dig deeper..will comeback with less errors..Also multicharts is prooving insufficient to test data based on few of my theories, that's also a nagging issue. I don't have that much hold on Matlab and R..Now this is time.. gotta look something better than MC but not that advance as ML or R
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  #30 (permalink)  
Old 23-01-2012, 03:02 PM
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Originally Posted by apache View Post
May I ask how do you do it? Some special software?

Thnx in advance.

There is a utility developed by our IT member joy da name is 'OdinFeeder' ( volumedigger.com) from that utility to ami and from ami to hard disk and by mapping it to MC
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