This post will explain new features coming to Insider Bars this month. Subscribers to Insider Bars and OF-G Suite should receive this update in the next few days. Please note that OF-G’s software update schedule has changed in 2019. For more information, see this post.
The three big updates this month are all on the Insider Bars B indicator. Please review the following:
Volume Profile Under Price Bars
Continue reading “Insider Bars Software Update – May 2019”
The histogram option shows relative volume at each price or Auction Point as horizontal histograms:
Continue reading “Intraday Bar Histograms (Volume Profiles)”
Volume Markers work like traditional Bull-Bear Markers, but instead of highlighting extreme bullish or extreme bearish price action, they highlight two tiers of high volume Auction Points.
Continue reading “Volume Markers”
Bull-Bear Markers allows you to only highlight Auction Points where volume is very skewed to bulls or to bears. This example highlights price points where 75% of volume is bullish (blue) or bearish (red).
Continue reading “Bull-Bear Markers”
Insider Bars B can display the current period Volume Profile on the chart background, underneath the price bars.
Continue reading “Insider Bars Volume Profile”
Insider Bars allows you to display VWAP (with or without standard deviation bands), Value Area, and VPOC on your charts. To set up this feature, choose the timeframe, items desired and VPOC desired from the three drop-down boxes at the top of the input screen. Continue reading “VWAP, Value Area & VPOC”
Late in 2018, OF-G introduced ELD file delivery for products, in addition to delivery via TradeStation’s TradingApp Store. I’m happy to report that the reviews of ELD are outstanding! One of the big advantages of ELD delivery is that it offers far more flexibility than delivering everything via the Store. For this reason, ELD is becoming the testing ground for new product features. Then — only after all the kinks are out — will updates be released to Store subscribers. Continue reading “OF-G Product Development Changes for 2019”
The concept of value area is one of the most basic, and yet most important in volume profile analysis. From Markets and Market Logic, by Peter J. Steidlmayer (inventor of Market Profile):
In order to read market activity in the futures market, we will isolate, extract and categorize other timeframe activity, focusing in on and monitoring four portions of each profile:
1 – The value area and how it changes, both directionally and in terms of its high-low range. Monitoring this indicates how the market is facilitating trade. The range of value area as defined by 70% of the day’s volume and its location (higher or lower than the previous day) are illustrated in the lower left hand portion of each profile. This information is important when one is considering whether or not the market is facilitating trade. Continue reading “Insider Bars Basics: Value Area”
The concept of point of control (“POC”) dates back to the 1980s, and the introduction of Market Profile. In a traditional Market Profile display, the POC is the price with the most TPOs (time price opportunities).
A TPO equates to a letter printed on a Market Profile chart, signifying that the market traded at that price within a 30 minute period.
Continue reading “Insider Bars Basics: Point of Control”
Volume Weighted Average Price (VWAP) has become a fixture on modern trading platforms. From Wikipedia:
In finance, volume-weighted average price (VWAP) is the ratio of the value traded to total volume traded over a particular time horizon (usually one day). It is a measure of the average price at which a stock is traded over the trading horizon. VWAP is often used as a trading benchmark by investors who aim to be as passive as possible in their execution. Many pension funds, and some mutual funds, fall into this category. The aim of using a VWAP trading target is to ensure that the trader executing the order does so in-line with volume on the market. Continue reading “Insider Bars Basics: VWAP”