Login Page - Create Account

Support Board


Date/Time: Thu, 19 Jul 2018 00:09:25 +0000



Continual Market Profile Chart

Support Request:
[2013-04-11 01:10:55]
User18346 - Posts: 1
Hey guys,

I continue to love and appreciate all that you do.

I have a suggestion for a future update to the TPO charts. Currently, there is the option of "Multiple Periods Fixed By Time". I know you know how this works, but it will be easier to explain my suggestion by restating: This option has those periods of time fixed from the beginning of the chart. I.e., profile time period length set to 30 minute units goes to the beginning of the period and counts forward 30 minutes and then starts a new profile. At the end of the chart (the current price) the profile "builds" until the time fixation is complete. This is the traditional use of TPO and Market Profile viewing and it is excellent that you provide this.

There is a lesser known way to view the TPO balances that I personally know is VERY hard to find in a charting package and would give Sierra Chart a very real edge in the Market Profile territory: To be able to plot Profiles backwards. Continuing with the 30 minute example: from now until 30 minutes ago plot a profile. As a single block time period elapses (one column of letters or blocks), move the earliest block in the profile (the furthest to the left, or starting letters column/block column) to the prior profile, etc. So the current profile would always be the most recent 30 minutes, the profile behind it would be the second 30 minutes, etc. I believe this is called a rotating profile, but I could be mistaken.

As far as I know, only proprietary systems employ this technique and it is very worthwhile for lots of current strategies in the Market Profile/TPO universe. This allows users to view market profile without the traditional rigors of time constraints and makes a dramatic difference in how to interpret data.

The best description of this is a play on the existing "One Period of Fixed Time Length At End" to be "Multiple Periods of Fixed Time Length At End". It means a 30 minute TPO Chart at 8:01 is constructed from the blocks/columns from 7:31 to 8:00:59, the 8:02 to go from 7:32 to 8:01:59, the 8:02:59 to start at 7:33, the 8:03:59 to start at 7:35 etc. Or at 8:16 to show columns/letters/blocks from 7:46 to 8:15:59. As these 30 minute blocks "fill up", the column/letters from 30 minutes ago kick back to the the previous 30 minute profile, which kicks back their last block of time to the profile preceding them, etc.

I think I've laid out enough examples to describe what the option would result in but if I was unclear, let me know and I can provide pictures.

I'm not a coder or hacker, but based on what you all do and the systems you have in place already, I think you could introduce this.

Thanks in advance,

Tyler
[2013-04-11 17:58:59]
Sierra Chart Engineering - Posts: 61891
This does not come across as easy to implement. It will have to be considered later on. We have many other tasks ahead of this. Unfortunately this is just not something to be expected anytime soon.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.

To post a message in this thread, you need to login with your Sierra Chart account:

Login


Login Page - Create Account