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Tomasz,
Thank you for addressing the questions so quickly. Your suggestion to answering my questions (going into the area of intraday charting and customizing the intraday time periods) answers a different question.
The Market Profile developed by Peter creates a singular profile for each of the trading day, regardless of the length but uniform time period of each day's data. In other words, if the user is looking at half hour periods, the Market Profile would create one profile for the first day, and then create a second profile for the second day, and so forth. So, if the user is looking at intraday profile market action in half hour periods, the Market Profile would show each day's price action as viewed from half hour periods as discrete profiles. In this manner the user will be able to compare the form of each day's price distribution. This is the value of the Market Profile.
The routine in AB creates ONE profile, based on the time period defined by the user AND the number of such time periods. What this means is that if the user is looking at IBM data in half hour periods, but displays ten days of such data, this profile will be entirely different from the profile created from half hour IBM bar data but displayed for six days. There is no ability for AB to create as many profiles as the user wants and display all such profiles in one chart window.
I don't know if I've phrased my questions well enough for the readers to understand, but I'll try if asked.
In a message dated 3/14/2004 7:38:53 AM Central Standard Time, amibroker@xxxxxx writes:
Subj: Re: [amibroker] Market Profile
Date: 3/14/2004 7:38:53 AM Central Standard Time
From: amibroker@xxxxxx
Reply-to: amibroker@xxxxxxxxxxxxxxx
To: amibroker@xxxxxxxxxxxxxxx
Sent from the Internet
Hello,
Not everyone has minute data available therefore market profile in AmiBroker works on ANY data
(including EOD).
Steidlmayer profile worked ONLY on minute data therefore is useless for EOD traders.
If you want to use 30-minute interval to create market profiles in AB you can easily do this
by defining custom 30 minute interval in AB (Tools->Prefs->Intraday) and zooming in so that visible
area covers one day (Zoom to range function see http://www.amibroker.com/guide/h_charting.html)
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: investeng@xxxxxxx
To: amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, March 13, 2004 2:29 AM
Subject: [amibroker] Market Profile
Has anyone done anything with making the profile of Amibroker similar to the Market Profile developed by Peter Steidlmayer?
The profile developed with Amibroker doesn't follow the profile developed by Steidlmayer very well. In particular the real Market Profile creates a profile out of the trading day's data, and not lumped with many days of data.
Is it possible to create a *.dll that Amibroker can then use to create these daily profiles as defined by half hour time frames?
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
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