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Thanks for posting this. I'm a fan of volume profiles, and this seems a good use of them. I think it is a very different pullback method from what Charles is proposing here, though.
Re those custom profiles, is that something you can do on the fly by selecting the bars with the mouse, or do you set the parameters in the indicator?
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 795 since Oct 2009
there was an example of using Market Analyzer, with alerts and trigger conditions, that was posted,
it had charts that showed examples of DT, HH, HL, etc. In scrolling back and reading it, when it was initially posted, I didn't see any discussion of depth on it, does anyone remember this?
also, how would someone set up these alerts or trigger events in the MA?
thanks in advance
ok, rationale:
a) stepping away, or starting up and returning to the machine, one needs know what triggered, or has already been tagged, and can from there begin to understand the micro trend within the major trend
b) as a training tool, one should draw the same conclusion of the charts as the triggered alerts generate, and if not, then retest one's perspectives to be in line with what the analysis shows
c) shouldn't be used as a substitute for the trading analysis process, but as a guard rail, as it were, or by suggestion
That's on the fly like you would draw a fibonacci scale on your chart. I know Gomi's market profile has a similar option but you need to use a key combination and enter the price manually.