Market Profile NinjaTrader 7: What is the Market Worth?
The market is a game of tug-of-war, where buyers and sells are continuously looking to determine the value of the market. Market Profile helps uncover the result.
Developed by J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), ca 1959-1985, Market Profile is a method to evaluate market value as it developed in the day time frame. In other words, Market Profile is a method of determining what the value of the market is, based on the previous session. Typically, a “session” is a “day””, but as we discuss later, it can also include the higher time frames as well.
Features
Market Profile for NinjaTrader 7 Features
- Market Profile and Volume Profile
- Value Area (VAL, VAH, and POC)
- Real-Time Developing Value Area (dVAL, dVAH, and dPOC)
- Profile Rectangle (to select a set of bars to analyze)
- Support for Higher Time Frames (Day, Week, and Month)
- Auto-Split Double Distributions
- Initial Balance (Opening Range)
- +/- Standard Deviations
Purchase Market Profile for NinjaTrader 7
Market Profile and Volume Profile
- Various options for how Time Priced Opportunities (“TPOs”) are calculated, including weighting by volume.
- Options to set the session length to combine multiple sessions or even a summary of the screen!
- Position, alignment, and color are all customizable.
- View: screenshot 1, screenshot 2
Value Area
- Customizable display of the Value Area high/low (VAH/VAL) and the Point of Control (POC).
- Ability to manually set the percentage of the Value Area (+/- one standard deviation (68.2%) is recommended).
- Can output +/- two and three standard deviations as well! (optional)
- View: screenshot 1, screenshot 2
Real-Time Developing Value Area
- Option to display the Developing Value Area (dVAH/dVAL and dPOC) in a real-time fashion (based on the current session’s TPOs).
- View: screenshot 1, screenshot 2, screenshot 3
Profile Rectangle
- Ability to draw a rectangle around a group of bars to determine the Profile and/or Value Area
- Quickly determine where support and resistance areas are based on market activity
- View: screenshot 1, screenshot 2, screenshot 3
Auto-Split Double Distribution
- When a session includes Single Prints in the middle of the distribution, this creates a “Double Distribution”.
- When a double distribution occurs, it can automatically split the Value Area into two! (optional)
- View: screenshot
Handles +/- Divisions of Standard Deviations
- While the normal Value Area is based on +/- one standard deviation, the tool can output +/- 0.25 to 3 standard deviations as well.
- This applies to the established Value Area, the developing Value Area, and the secondary Value Area (in the case of a double distribution split).
- View: screenshot 1, screenshot 2
Higher Time Frame Support
- The common case for an intra-day chart is day session length. For higher time frames (daily, weekly, monthly, yearly), the session length is larger.
- Daily Chart = Weekly or Monthly session length
- Weekly Chart = Monthly or Yearly session length
- Monthly = Yearly session length
- Yearly = Decade session length (when enough data is available)
- View: screenshot 1, screenshot 2
Initial Balance
- Also known as the “Opening Range”.
- The range of the first 60 minutes (customizable) as well as extensions of this range (customizable) can offer areas of support/resistance.
- For higher time frames, the first bar of the session offers the Initial Balance.
- View: screenshot 1, screenshot 2
Market Profile Videos
(Note: UppDnn.com used to be named neoHarmonics.com)
Parameters and Features
Market Profile vs Volume Profile Example (ES)
Market Profile: Developing Value Area and Combining Sessions
Long-Term Chart Setup Example
(As with all support and resistance areas, they should be thought of as a “zone” rather than a single price. Also, as with all “rules” and observations of market behavior, there is never a 100% chance of the market behaving as expected!)
Contact Info
Testimonials
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So, thank you for all the hard work you’ve done, it is really appreciated.”
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My acquisition of the [UppDnn]coupled with the NinjaTrader has daily expanded into a very strong and unemotional knowledgebase for execution. I wish to express my gratitude for the opportunity to be a participant of your amazing technology application. I am learning constantly and still have much more to accomplish. Simply……Thank you for showing your excellence.”Lauren S.
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Geoffrey W.
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“Your updated Market Profile is absolutely fabulous! It installed without a hitch and I’m already making money with it. ” “I’ve come to expect that all of your stuff is simply top notch. From your website to your workbooks to your new video, even a dummy like me can understand it (mostly). While I still have a tremendous amount to learn, I’m on my way to becoming a better trader. I credit you for a good deal of my success. Thank you, Sir. I appreciate you looking out for me. Market Profile is turning out to be a nice feather in my cap. ”
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Darrell D.
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Patty E.
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