Hello,
When I try and use MPD and PROF to get statistical information from "sub sessions" on a globex chart, I find the results of the PROF are not as reliable as when used without MPD.
Are there any suggestions on when we want to test sub sessions against one another. Eg for a currency I might be looking at three sub sessions and may be interested in POC and VA of each of those sub sessions.
Is it better to export the data to excel from a chart using the correct subsession and do the stats that way ?
Thank You
When I use the a custom indicator (lets call it A) and inside this custom indicator I use a profile on an indicator(B). The result are the same as actually charting the (B)profile on indicator, but if i put A inside a MPD the results are different.
Thanks
Adey
It's always helpful if you share a chart definition and maybe a screenshot showing any results that are "unreliable". There are so many factors here that it would take a series of questions (what session, what periodicity, what are the times of the subsession, etc) to get to the bottom of what you're trying to do, but the chart definition will communicate most if not all of this to me. Share that with me and I'll provide more feedback.
This is the daily chart with the same indicator twice. One inside a daily MPD and one not. Readings the same https://www.screencast.com/t/QSawopbi
This is the 15min chart, the plain indicator reads new redult which is expected as changed timeframes and the mpd now reads blank. https://www.screencast.com/t/xnsYMWTq0
This is the chart definition. https://www.linnsoft.com/charts/test-indicator-fgblh7
I'm a little confused exactly what you're trying to do, but I do think I see why it's not working.
Inspecting your chart, it appears you're trying to take the daily session open (plus C#1), profile those opens, and then compute the VAL of that profile. But you want to access this VAL on an intraday chart (thus using MPD). Is that accurate?
The ability to profile an indicator, right now, only works when the Profile Indicator is applied directly to a pane which contains that indicator. This combination just isn't coded to work properly within RTL using PROF(CI) syntax. I will explore the possibility of making this combination viable. But let me give you a solution that may work for you currently.
On a daily chart, add the open to a lower pane (you can actually do this with an MA setup with "Simple: 1 Period: of Open" but add any way you wish, can also use a CI with syntax OP. Add that to it's own pane. Then apply the Profile Indicator with preferences similar to what you see below. Notice I stored the VAH/VAL/POC into V#2-V#4. This means VAL is now stored into V#3. So I can now use V#3 in any other intraday chart (pin a reference line to it, use it in RTL, etc). You'll have to experiment with the Price Per Row and see what works best for you. Let me know if that gives you a viable solution. Again, I'll look into the possibility of making PROF(CI) work when PROF is setup to apply to an indicator. But using that combination and then embedding it within MPD presents some challenges.
The prof(ci) seems to work fine as the output matches the output of the alternative way you suggested, Just does not work within the MPD.
I wills end you the definition, so you can have a look.
Adey
Chad,
Thanks for the reply.
However, your proposed workaround does not really help the reason why I wanted to use PROF within an MPD.
If I want to test certain profile levels in a specific subsession against another subsession and go back for the last say 100 days I cannot do that by storing the latest value of one subsession's VAH and VAL into two V# variables.
I would instead have to go the export all indicator information from one subsession for the last 100 days to Excel route and compare them that way.
My layman's guess is that if MPD could use PROF natively without the CI interface it would work correctly on the 1 day (made of minute bars) timeframe but that is just a layman's guess
I found the problem with applying MPD to the PROF on CI and fixed the problem for 12.7c9. Hope to have this version available (at www.linnsoft.com/beta ) very soon (within a week) and should work fine once you have that version. Thanks for pointing this out.
Hi Chad,
My definition was basic and your chart covers the same things.
My timeframe that did not work was 1 day made up of minute bars (not daily).
Thanks much appeciated