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What is Time Per Profile - 3 Sessions

Trevor Harnett
asked this on April 30, 2010 08:50

 

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Trevor Harnett
MarketDelta LLC
Ajax_loader_small Answer

The Profile Indicator has been enhanced to allow users to easily split the session up into two or three periods. For example, FOREX traders often want to split the 24 hour FOREX session up into three periods/profiles representing the Asian, European, and American trading sessions.

This can be implemented within the Profile Indicator by a "Time Per Profile" of "Custom" and then selecting "3 Sessions" from the drop down list. When this option is selected, two periods are presented for the user to specify. "Per1" represents the number of minutes in the first period of the session and "Per2" represents the number of minutes in the second period. A FOREX trader may specify 600 minutes for the first 10 hours of the Asian trading session and 300 minutes for the next 5 hours of European trading. That will leave the last 9 hours (540 minutes) for the American trading session. This would result in three profiles per session, one covering the first 10 hours, another covering the next 5 hours, and a third covering the remainder of the day/session (9 hours).

If a user would instead like to split the session up into only two periods, simply enter the proper number of minutes for "Per". For "Per2", enter remaining number of minutes in the session. Since these two periods consume the entire session, only two Profiles will be drawn.

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September 21, 2010 09:51
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andre wijaya

Would it be possible to have a snap shot of the PROF setting? It's quite technical and not easy to visualize it. thanks

June 22, 2011 11:10