Nifty – Bank Nifty Futures Market Profile Charts – 23-03-2016
Please find the Nifty Future & Bank Nifty Future Market Profile TPO Charts marked with important reference levels for learning purpose.
Those who do not have access to the Marketdelta/Ninjatrader Market Profile charts and using amibroker can download the Market Profile Amibroker AFL from the following link and add the power of trading the market generated info to their trading arsenal.
Market Profile AFL for Amibroker
Those who missed the Statistics post on the VPOC behavior over a period of 1375 days data can check out the post at the following link
VPOC – Volume Point of Control Statistics – Nifty Futures
Nifty Futures Market Profile Chart – 23-03-2016
Bank Nifty Futures Market Profile Chart – 23-03-2016
Terms used in the Info Box of the chart :
TPO – Time Price Opportunity TFF – Trade Facilitation Factor Q% – Quadrant VAH – Value Area High VAL – Value Area Low POC – Point of Control RF – Rotation Factor
VLT – Volatility RNG – Day’s Range MID – Midpoint of Day’s Range VOL – Volume Traded for the day
Other Levels Marked on the chart are PDL – Previous Day’s Low PDH – Previous Day’s High PDC – Previous Day’s Close/Last Traded Price PDVWAP – Previous Day’s Volume Weighted Average Price
PWH – Previous Week’s High PWL – Previous Week’s Low
The Cyan colored dashed line represents Single Prints if any on the current day or from the previous days.
Yellow Lines that extend from previous Profiles are the Naked/Virgin TPO based POC – Point of control lines know as nPOC or vPOC marked with the date and the Lavender lines extending from previous Profiles are the Volume based naked POC known as VPOC or nVPOC .
The CHVN – Composite High Volume Node and the CLVN – Composite Low Volume Node also marked on the chart which are from the composites of the current or prior month depending on the range we are trading at.
The Vertical Brackets on the Left side represent the IB – Initial Balance in Green 150% Range Extension of IB in Dark Blue 200% Range Extension of IB in Blue & 300% Range Extension of IB in Violet
The Bracket to the Right of each Profile in Orange represents the TPO based Value area of that day and the Yellow line is the TPO based POC of that day. The bracket in Magenta represents the Volume based Value Area of that day and the dashed Lavender line represents the Volume based POC of that day.
The Grey horizontal bars next to each profile are the Volume at Price bars which represent the Volume traded at every 3 points of that particular day.
The VWAP and the Standard Deviations of the VWAP are marked in the Daily Footprint charts posted in the posts under Footprint Charts.
The purpose to post these charts here is to preserve the high resolution images as an archive for future use. A Chart/Picture speaks more than words and hence this solves the purpose of keeping all the levels handy and the Profiles as a template for reference purpose in the coming days.
Disclaimer :
The above charts are for educational & reference purpose only. Trading in derivatives has high risk involved and not suitable for all investors. The above levels are not a recommendation/offer to buy or sell any or all of the above derivatives. Any person trading or making buying or selling decisions on the basis of the above mentioned levels should do so at their own risk. Justfintech.com / its affiliates / staff will not be responsible for any profits and/or losses arising from the trades executed on the basis of the above levels. It is advisable to consult your personal financial adviser/consultant before entering into a trade. The usage of the charts is subject to Terms of Use, Risk Disclosure / Disclaimer and Privacy Policy of Justfintech.com
