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Denis,
There is alot of info at www.enthios.com regarding a MP trading
method. Take a look at this webpage http://www.enthios.com/FrontPage.htm .
I guess that the Ensign program would have to be used for now unless someone can
program AB to do the same stuff as Ensign. "Range Bars" and MP don't seem to be
available in AB at this time, but if/when Tomasz makes it available it will
probably be worth the wait . In any case the method of trading as
shown here http://www.ensignsoftware.com/tips/tradingtips70.htm might
help you with the discipline part.
Take care,
Greg
----- Original Message -----
Sent: Wednesday, May 10, 2006 11:39
PM
Subject: [amibroker] Re: Volume on
Price
I have just started using it. I tried a few methods to trade ES
but I
had to go back to the drawing board. When I saw the MP thread
on
elitetrader I decided to give that a shot. This time though I'm
paper
trading using an IB paper trading account. I only trade part
time; I work
shifts and trade when I'm off. I have not been successful
with it yet but
I'm optimistic; I missed several opportunities due to
a lack of
discipline and I can improve on that. This is a
"discretionary
trader" tool so my evaluation can be subjective but
what I see is the
market really responds to price levels obtained from
MP and volume profile.
I could post my code next week; I'll clean it a
little (not much) first.
As far as the code is concerned, you have to be aware of a few
things:
- I'm not a programmer and I had a hard time doing this. It
will
probably show in the code!
- The code contains a few bugs and
quirks like: you generally cannot
use the volume profile part during the
trading day or on a holiday.
You have to wait after 4:15 pm eastern or on
weekends. The MP display
works but once in a while will crash AB. I don't
know if it's the
OSAKA tables or something in my code. It doesn't bother me
much
because I have another charting application up and running when
that
happens. All I have to do is shut down AB and restart it
and
everything is fine. I may never try to fix these things because
it
works well enough for me.
Another quirk is this; part of the
script put stuff in the OSAKA
tables and retrieves it in real time. But to
display the volume
profile, you have to a "scan " first. The scan will come
up with the
price table and export it to a file in your AB directory. It
will also
store data in composite files. When the main script is
running, it will retrieve that data and display it. I did this to
speed
up the code. Finally the MP part will update in real time but it
looks like
you have to wait 5 minutes before you get a display on a 1
minute bar chart
and 15 minutes on the 5 minute bar chart. After that
it's fine. It will
also display on 15 minute bar charts but not on
higher timeframes. Again,
this doesn't bother me so I may not try to
improve on this. Anyway, one day
I may suscribe to the e-signal
add-on but for now this is good enough. So
again, I''l post the code
next week.
Denis
---
In amibroker@xxxxxxxxxxxxxxx, "Ara Kaloustian" <ara1@xxx>
wrote:
>
> Denis,
>
> Thanks for the response.
I had not seen the chart you included.
>
> Your results look very
good.
>
> Have you been using this for a while??? Find it
as useful as I think it
> would be?
>
> Care to share your
code?
>
>
> Ara
>
> ----- Original Message
-----
> From: "denis.dube" <jdenis_dube@xxx>
> To:
<amibroker@xxxxxxxxxxxxxxx>
> Sent: Wednesday, May 10, 2006 10:41
AM
> Subject: [amibroker] Re: Volume on Price
>
>
>
Have you seen the thread "Market Profile Plus by Bolter" on
>
elitetrader.com? He posted a script for Matlab which is a good
>
starting point for writing something for AB. He starts from one minute
>
bars. He distributes volume evenly over all prices for each one minute
>
bar and from there comes up with a volume profile. I started from his
>
script and used the OSAKA tables and the new "PLOTTEXT" function. I
>
came up with the charts you see here:
>
> http://www.ttrader.com/mycharts/display_album.php?id=1061
>
> I only used my code on ES and only intraday.
>
>
Denis
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Ara Kaloustian"
<ara1@> wrote:
> >
> > Has anyone found a way to plot
VOP separated in time increments?
> >
> > The standard VOP
will plot the volume for all dates displayed on
screen.
>
>
> > I would like to see the display separated in time blocks of
1 week
> and 1 month for EOD data, and similar time blocks for intraday
real
> time data.
> >
> > This could be a very
powerful tool, such as the market profile, but
> probably easier to read
and perhaps more accurate as it deals directly
> with volumes rather
than time at price
> >
> >
> > Ara
>
>
>
>
>
>
>
>
>
>
> Please note that this group is for discussion between users
only.
>
> To get support from AmiBroker please send an e-mail
directly to
> SUPPORT {at} amibroker.com
>
> For other
support material please check also:
> http://www.amibroker.com/support.html
>
>
> Yahoo! Groups Links
>
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