Sequential Market Profile
Overview
The Sequential Market Profile tool has been designed to plot multiple Market Profiles onto a single chart at once, based on higher timeframe data than the chart. For example, when applied to a daily chart the profiles will be based on data by calendar month, or daily profiles on an intraday chart.
Each Market Profile tool will cover a session of the selected chart, and will automatically add a new Market Profile tool as new data is added to the chart. Here’s an example of monthly profiles on a daily chart:
To add the tool to your chart, select the tool from the Statistical tool group, and left-click on the chart or indicator on which you wish to add the tool. Optuma will then draw the tool using the default settings.
Actions & Properties
Actions
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Sequential Market Profile tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Sequential Market Profile tools in the chart, page or entire workbook to be updated instantly.
Copy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window.
Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool view to the background.
Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.
Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Sequential Market Profile to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Properties
Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structure Panel.
Use Volume: Allows you to calculate the tool using Volume.
Use Default Sessions: Tick this check box if you have set up a session time for the exchange or the custom code that the tool has been applied to.
Session Start: If no default session times have been established then the session start time can be nominated to use with the Sequential Market Profile.
Session End: If no default session times have been established then the session end time can be nominated to use with the Sequential Market Profile.
Interval Level: Change the default data lookback periods used to calculate the profiles. For example, First Higher will display profiles over the last month on a daily chart, and Second Higher will be calculated by calendar year.
First Deviation: Allows you to adjust the colour of the First Deviation.
Second Deviation: Allows you to adjust the colour of the Second Deviation.
Third Deviation: Allows you to adjust the colour of the Third Deviation.
Display Zone Lines: Activates horizontal lines to separate each zone in the Sequential Market Profile. These lines are coloured according to the zone they represent.
Zone Line Style: When Display Zone Lines is selected this option becomes available and expands to show the following:
- Line Style - When the Plot Style is set to Line, Histogram, Step, or Shaded Step, this property allows you to adjust the type of line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled.
- Line Width - Allows you to adjust the width of the line for the tool. Moving the slider bar to the right increases the thickness of the line.
- Line Colour - Allows you to adjust the colour of the line. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
- Tool Transparency - Use this slider bar to adjust the transparency of the line. Moving the slider to the left will increase the transparency of the line.
- Visible - Un-tick this checkbox to hide the line from the chart.
POC Line Style: This option expands to display the properties as shown for the Zone Line Style.
Draw Box: Selecting this option will plot a box around each Sequential Market Profile range.
Show Hint: When selected the zone information for each Sequential Market Profile will be displayed when you roll your mouse over it.
Line Style: The Line Style property allows you to adjust the type of line displayed for the Sequential Market Profile box. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled.
Line Width: Allows you to adjust the width of the Box lines. Moving the slider bar to the right increases the thickness of the line.
Line Colour: Allows you to adjust the colour of the Box lines.
Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool.
Visible: Un-tick this checkbox to hide the tool from the chart.