Please!  FPBS and FPPS have some of the most powerful functions not found in regular indicators, this would greatly enhance the effectiveness of MarketDelta.

Agreed on this!   Specifically, given a profile, being able to access the varying degrees of volume areas within it via RTL tokens would be extremely helpful in what MarketDelta provides and make being able to write code around what we do by sight possible.

Make sure you guys take a look at the VPS token. Between the VPS and using VB token preferences, you can create formulas to do much of what the FPBS and the FPPS do on the chart.

For example: lets say you want to see the max delta for each bar inside an RTL formula. On the chart you might have this displayed on the FPBS. In RTL, just use the VB indicator with the 'result' set to Max Delta.

Off hand, I can't think of an item that can't be recreated this way, without the need to further burden the software with additional features. The exception to this would be that currently, specific values of delta, volume, buy vol, or sell vol; at a specific price, can not be accessed via RTL (for the whole day). However, again, using the VPS can often provide a solution if you get imaginative on how to apply it in a formula.

Gents - thank you for your attention to this.  MarketDelta has proven to be invaluable in my work, but I still find room for improvement in attempting to simplify what is on the screen via RTL and paint bars/indicators, etc.   This request is one of those that would significantly give us the ability to build systems around market profile concepts.

If there is a way to do this via VPS and VB, I'd appreciate a sample, but I don't think VPS/VB directly accomplishes it.

Some specific thoughts:

1.  What is helpful in attempting to find trading volume support and resistance zones is determining a time frame and using FPPS for that time frame and be able to access the array of values within that profile via RTL.    What I would like to do is specify a given time frame and have RTL give me the % volume (or other specified criteria) within the profile for each price level and then either using a pre-determined filter or one that MarketDelta establishes (as a starting point), be able to make decisions about a trade when price hits an interesting volume%.  In one sense, you're already doing this with the new heat map color coding.  As a starting point, maybe start by exposing the calculation already being done for that.  I could easily see that in some situations, returning all price levels would be too much data - so another solution might be to return a distribution of price levels based on a user configurable setting (e.g. return price levels that have X-Y% of volume for a given profile).

2.  I often draw a profile around swings to see where volume lies - a nice automatic way of showing support and resistance for recent price action would be to incorporate an option to automatically show a "Profile" based on the last two swings established by the ZigZag indicator.   That way the user can tweak the settings as they need to define swings and then have the option of showing recent price activity without having to draw individual profiles.

I could probably come up with a few more ideas, but I'd be interested to hear your thoughts (and other users usage as well).

-Eric

Let's do this one step at a time:)

First, how, exactly, would you define "interesting volume%". The key to creating an algorithm with any language (whether that be Java, RTL or English) is to define in completely objective terms the parameters and the desired outcome.

Now, mind you, in the end, what you want to do may not be possible in RTL. However, there might be a useful surrogate or similar workaround. For example, one might consider using the TPO indicator set to something other than the standard 70%. Or, one could carefully choose the chart periodicty such that that VPS token provided the desired data, then write that value to a V# variable, then access that V# variable in the desired chart. The possibilities are endless, if one gets creative. But, the starting point is getting very specific about what one is attempting to accomplish.

Regarding your second idea, this is not possible programatically at this time in MarketDelta. This would be something you might make a specific feature request for.

This is an update to my last comment. There is some new functionality that will allow the user to create profiles which start at the price swings of the zig-zag. This is done with the Profile indicator, set to custom, and then references a signal. The signal determines when the profile starts, so many different possibilities exist. The Pro version, as well as some RTL skill is required.

Bob - RE: your comment on #2 above - that is great!  Using 10.3.6, I found where "Signal" is present for the profile indicator, but don't see how to reference a start and end point on ZigZag.  A simplistic example would be helpful.  I'll post another reply for the #1 section of above.

Thank you,

-Eric

As best I can recall, what you do is create an RTL signal which would fire at the beginning of each profile. Then, add a Profile indicator to the chart and in the indicator preferences, one of the drop-down lists contains "Signal". Choose that. As best I can recall from seeing beta info on this, that's all there is to it. Good luck!

Agreed on this

It would be very nice to have cumulative volume-day in FPBS.