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Sydney, NS
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: TF,S,GC
Posts: 605 since Nov 2009
Thanks Given: 248
Thanks Received: 394
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Any market profile indy that has the 'TPO' option uses time versus volume. DvalueArea, CalculateValueArea, CalculateDevelopingValueArea are three that come to mind, some here and some at NT forum.
From the Dvalue explanation:
"Description of the "ProfileType" parameter:
// I've given the option of creating the profile in 3 different ways:
// 1) VOC - This method loads all the volume of a bar onto the closing price of that bar.
// e.g. A 5-minute bar has a volume of 280 and a range of 1.5 points with a close at 1534.25, then
// all 280 hits of volume are loaded onto the 1534.25 closing price.
// 2) TPO - This method disregards volume altogether, and gives a single hit to each price in the range of the bar.
// e.g. A 5-minute bar has a range of 1.5 points with a High at 1534 and a Low at 1532.5, then
// 1 contract (or "hit") is loaded to the seven prices in that range: 1532.50, 1532.75, 1533.0, 1533.25, 1533.50, 1533.75, and 1534
// 3) VWTPO - This method distribues the volume of a bar over the price range of the bar.
// e.g. A 5-minute bar has a volume of 280 and a range of 1.5 points with a High at 1534 and a Low at 1532.5, then
// 40 contracts (=280/7) are loaded to each of the seven prices in that range: 1532.50, 1532.75, 1533.0, 1533.25, 1533.50, 1533.75, and 1534
"
Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.' |
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