Comments on: ThinkScripter Volume Profile

By: Sebastian

Sebastian — Fri, 16 Jul 2010 04:36:03 +0000

Eric, TOS has a “raw” volume profile, as it doesnt calculate the Point of Control, Value Area High and value area low. Can you please develop that?, that would be great, as thats whats really useful, not the simple volume distribution graphics

By: ThinkScripter

ThinkScripter — Wed, 16 Dec 2009 21:20:12 +0000

Steve,
Those functions require constants for the inputs. You can either hard code in a number or use in the input function to supply a variable. If you want your script to dynamically find the highest high, you can’t use these functions and will have to write your own algorithm.
Eric

By: steve

steve — Tue, 15 Dec 2009 08:35:33 +0000

Hi Eric,

For some reason even with my 13 years of software development experience, I just can’t figure this scripting language out. All I want to do is get the highest high for a variable number of days. The number of days is determined by the function: daysFromDate
So I tried to do the following:

def tradeLength = daysFromDate(BeginDate);
def HighestHigh = Highest(high, tradeLength);

for some stupid reason, the Highest funciton won’t take a variable as it’s length parameter.

Can you please help?

By: Amir

Amir — Sun, 25 Oct 2009 22:47:36 +0000

Hey, i’m really interested in this one.. I have a nice custom script i made up, i could send you a screenshot. Perhaps we could barter scripts if you like mine?

Amir

By: Brian

Brian — Thu, 08 Oct 2009 02:33:22 +0000

Wow…after using this for the last few weeks I am wondering how I ever traded without one of these. Looking at the profile I can now pick much more scientific targets for my trades and as a result, my win/loss ratio has improved. The VWAP lines are KILLER!!! I’m amazed at their usefulness. Thanks again TS.

By: filip

filip — Thu, 24 Sep 2009 07:53:21 +0000

great work…

how is the time-price-opportunities (TPOs) histogram progressing?

By: David Spurr

David Spurr — Wed, 23 Sep 2009 18:05:49 +0000

Eric,

Great indicator -
Here’s a couple of enhancement ideas :

1. Grey color the bars where 70% of the trading volume has taken place. Market profile considers this the “value” area. It’s an important area.
2. Add the ability to add a cloud for each prior day’s value area.
3. Red Color the Price level that has had the most “touches” during the day.

I haven’t joined yet, but I’d be happy to list your blog on mine and do a unique story promoting what you do and your site…..Let me know if you’d be interested.

Thanks,

Dave

By: ThinkScripter

ThinkScripter — Tue, 08 Sep 2009 21:10:47 +0000

The sets have nothing to do with prior vs. developing – Just made my job of typing a bit easier as I extended the study.

Coloring the bars differently at this point will be very hard. I will try to code something into an update that lets you change the colorization en masse. Ignore the tab colors/groups as they are random.

-Eric

By: Popeious

Popeious — Tue, 08 Sep 2009 20:38:43 +0000

PS.. not the programming logic.. but the ‘coneptual logic’ of the colors and tabs…

By: Popeious

Popeious — Tue, 08 Sep 2009 20:37:15 +0000

Eric… great work… I just knew you couldn’t resist the challenge.

I’m excited to see the “TPO” version once its ready.

Question for you regarding the PLOT tabs within the Study… I’m trying to make heads or tails of the various tabs, and colorization.

I see that there 2 sets (B1 to B50), and (B1a to B35a), along with histVWap, and vwap.

Am I correct in assuming that one “set” is for prior-range, and the other set is for “developing” area?

I’m would also like to adjust the colors to my preferences, but I’m not sure if/how I should go about this… since it seems that eact “tab” has a different color assigned to it.

Also, Can you help explain the logic behind the ‘tab groups’ and ‘colors’?