Who has worked with price density(bars)?

New comment
  
extern int gTF=1; // требуемый ТФ, 0-текущий
extern double Discret=1; // шаг дискретизации шкалы цены
extern double Width=30; // ширина гистограммы (в барах)
extern bool Present=true; // показывать центральную гистограмму (между двумя вертикалями)
extern double Future=1; // множитель для глубины расчета от левой вертикали (в будушее)
extern double Past=1; // множитель для глубины расчета от правой вертикали (в прошлое)
extern bool bVolume=false; // считать покрытие бара с учётом Volume
extern string  inf0="Sup/Res line";
extern int nAvg=20; // сглаживание для поиска линий, 0- линии выключены
extern double Deviat=20; // отмечать вершины не ниже / низины не выше Deviat %
extern bool bExtrem=true; // ставить на максимальной вершине линию
To work, we put two vertical lines to indicate the calculation range.

There are three histograms in this indicator:
The blue one shows the density of the price between the lines. It is duplicated for convenient comparison with the red and green ones.
The green one - it shows the price density in the future by the same distance (it is regulated by the Future coefficient)
The red one - it shows the price density to the past by the same distance (regulated by the Past coefficient)

The thick blue line indicates the "width" of the histogram




http://www.enthios.com/
The Price Histogram (Market Profile) tool and its implementation in MQL5
https://c.mql4.com/messages/2009/12/MarketProfile_VirginpPOC.mq4

The indicator by Vizard for daily MP https://forum.mql4.com/ru/41204/page5#477925

Geronimo:

https://www.youtube.com/watch?v=LyaKQOAP5ek&feature=related - Webinar "Introduction to Market Profile, Part 1".
https://www.youtube.com/profile?user=ESdaytrader#g/u - ES Daytrade User Channel

Peter Steedlemeyer
Volume Trading Strategies
Market Profile and Language Understanding

Jack K. Hutson The Wyckoff Method

Eric Nyman, "The Road to Financial Freedom" p.189 - top paragraph - 3.1. Resistance, Support and Life Levels (Life Level), p.218 - 3.8. Workshop: defining levels and p.219 - bottom paragraph - here

Files:
_pricestat_3.mq4  10 kb
 
There was an article somewhere. Support and resistance lines were selected based on this density. Where the density is lower, there are correspondingly the reference levels.
 
grell:
There was an article somewhere. Support and resistance lines were selected based on this density. Where the density is lower, there are correspondingly the reference levels.

Yes, they do look tempting at times. this non-semmetricity. High density coincides perfectly with low density of the adjacent interval.
That is, if there is a low density in the past, then in the future the price will approach it and make many bars there...

 
More likely the opposite, price will either slip or bounce with a light touch, levels with low density. In this figure you can see the overlap of red and blue density, hence.... Price will not linger at this point in the future.
 
It looks nice, but imho it is the traded real volumes (VSA) on the levels that make more sense and matter, not how many times/time the price lingers on them. Take for example the flat day of any national holiday in the USA, when rates of all pairs practically stand still - the indicator will show the maximal density, but the value of this information is very doubtful.
 
goldtrader:
It looks nice, but imho it makes more sense and importance have real traded volumes (VSA) at levels, rather than how many times/time the price lingers on them. Take for example the flat day of any national holiday in the USA, when rates of all pairs stand still - the indicator will show the maximal density, but the value of this information is very doubtful.

I would have been happy to add (initially I wanted to do exactly volumes)

but where can mt4 get them.... no.

 
But it is possible to take a longer period, and this flatulence won't affect the readings much.
 
By the way, there's a 24-hour screenshot. for May 25th
 
I think tick volume as a levelling-off factor could be added. It might be more indicative.
 
sergeev:
on the screenshot for 24 hours. for May 25th

It's been analysed for three days, isn't it?
 
grell:
I think tick volume as a levelling-off factor could be added. It might be more indicative.
Tick volume is better than nothing, but worse than real volume.
12345678
New comment