TrackerMP

This Market Profile indicator incorporates our signature tracking of key prices references, SmartAnalysis to highlight specific profile features, and a priceline indicator. References tracked include session high, low, close, TPOC, VAH, VAL, mid, single prints, gaps and gaps-on-range. Unique to TrackerMP is how references are tracked independent of the amount of chart data loaded – track months or years of references with only days of chart data loaded. Track the progressive filling of open gaps as they are partially filled on repeated market attempts over two or more days. An excellent learning tool for those new to market profile.

Menu-driven convenience lets you control what is shown “on-the-fly”. New features include: 1) real-time Smartanalysis, 2) an expanded profile for the current session, 3) ability to adjust profile TPO size, and 4) ability to adjust “ticks per level” settings. Our “ticks per level” retains the precision of the underlying prices, so the price “edges” remain constant regardless of ticks per level setting used.

Features:
• market profile indicator (for use on the standard 30 minute RTH chart)
• computationally efficient: calculates on-price-change; user also selects how frequently developing TPOC and VA calculations are updated
• tracks key price references until they are traded through (high,low, close, TPOC, VAH, VAL, single prints, gap-on-close, gap-on-range, halfback of wide range days)
• three session range estimators using: 1) Initial Balance, 2) Average Daily Range (ADR), and Average Daily Expansion (ADE); user selects averaging periods for ADR and ADE
• automatically plots VPOC, VAH & VAL from volume profile for previous RTH session, and tracks VPOC as a key reference (requires TrackerVP on another chart)
• SmartAnalysis identifies session and multi-session profile characteristics (POC prominence, wide/narrow value areas, neutral extreme closes, long/short-in-hole, price & POC one-timeframing, poor highs/lows, multi-distribution days, etc.)
• builds a database over time to track and show the key references beyond the days loaded on the chart (tracked indefinitely until traded through)
• key references are shown as rays with labels for type, price and date formed
• fully customizable colors, opacity, font sizes, on/off visibility

• new Aug/21: real-time tracking of key references formed during ongoing RTH session; update plotting at end-of-day to be prepared for next session