Comments on: Daily Volume and TPO Profiles

By: ThinkScripter

ThinkScripter — Fri, 01 Jan 2010 15:15:59 +0000

Kerry,
The profile scripts work on all charts. The smaller the time frame, the more accurate the profile. My apologies as I no longer offer single scripts due to some unfortunate incidents with copyright theft.
-Eric

By: kerry

kerry — Fri, 01 Jan 2010 07:14:32 +0000

Same here. I only want to pay for this script, don’t need the others.

Also, does this work in tick and different minute time frames (1, 3, 5, 10, 15 min, 30, 60, 2 hr, 4hr, etc)

By: ThinkScripter

ThinkScripter — Tue, 29 Dec 2009 02:17:41 +0000

This is not a true Market Profile indicator. TOS does not provide time and sales data in thinkScript needed to create a trade for trade accurate Market Profile study. This is a very good approximation of the Volume Profile created by subdividing each bar's volume into the appropriate price levels. There are no Value Areas plotted as this would require an iterative looping capability not available in thinkScript. The peak volume price is indicated by the highlighted bar or bars. Yes, this indicator is part of the Pro Subscriber package. -Eric

By: Sebastian

Sebastian — Tue, 29 Dec 2009 02:04:54 +0000

Hello Eric, i do not understand this…how this work i want to have the script to see market profile develops intraday, i have to pay? how much, i thought this was free……this market profile shows you what?: VAH, VAL, Mean and Mode??

Thank you

By: steve

steve — Wed, 25 Nov 2009 18:23:26 +0000

So, is the $75.00 the minimum donation amount? I”m only interested in getting this one particular script.

Please clarify.

By: Greg R. Hohman

Greg R. Hohman — Mon, 23 Nov 2009 03:01:13 +0000

Hey Brian, sounds great. I have a question for you, would you please email me at GregoryHohman@gmail.com Thanks! gh

By: ThinkScripter

ThinkScripter — Sat, 21 Nov 2009 01:37:40 +0000

Dennis,
TPO stands for Time Price Opportunity. In essence, the profile counts the number of times a price is traded throughout the study period and displays them as a histogram.
-Eric

By: Dennis

Dennis — Sat, 21 Nov 2009 00:48:17 +0000

What does TPO stand for?

By: ThinkScripter

ThinkScripter — Wed, 28 Oct 2009 12:26:53 +0000

Yes – However, what is a trivial calculation provided you have a looping capability is not so trivial without. The normal means of properly calculating the value area requires that you start with the VPOC and add volume bars above and below until 70% of the volume is captured. This would be easy if thinkScript had a looping capability but it does not. It will require a novel solution which I have not found as of yet.
-Eric

By: Guilherme Ceschiatti

Guilherme Ceschiatti — Wed, 28 Oct 2009 09:49:45 +0000

Have you ever thought about plotting the value area (region in which 70% of trades are donte) in this study?