Market generated information and its dimensions
The goal of the MP is focusing on market generated information.. sorry to bring it up early but i hope u have gone through the basics of market profile and so far u have the vague idea about it...following is not established market profile principle and its just my calculations which could be wrong ..now the dimensions..traditionally market generated information has been calculated in time, price and volume...like physics here also three dimensions..but like physics there is 4th dimension which is time..here in the market is the fourth dimension which is option, its not that i being an option writer bringing in every aspect of ta but i try to think logically..if price moved up, volume moved up and price sustained for long to confirm profile skewed towards long..but we found there has been heavy call writing happen in option cal..that mean some hedge fund, smart money long on NF and shorted call or some contrarian trying to fade the move without being recognised, how will u interprit this information? ..i track open interest put call ratio which gives enough idea whether call writing ( short selling ) is agresive or put writing ( which is bullish ) and using this info in context of price volume and time we may gather all posible market generated information..
will try to post market profile of oi pcr ..feeling bit tired now, like to see different views meanwhile trade safe
best wishes
Alex
The goal of the MP is focusing on market generated information.. sorry to bring it up early but i hope u have gone through the basics of market profile and so far u have the vague idea about it...following is not established market profile principle and its just my calculations which could be wrong ..now the dimensions..traditionally market generated information has been calculated in time, price and volume...like physics here also three dimensions..but like physics there is 4th dimension which is time..here in the market is the fourth dimension which is option, its not that i being an option writer bringing in every aspect of ta but i try to think logically..if price moved up, volume moved up and price sustained for long to confirm profile skewed towards long..but we found there has been heavy call writing happen in option cal..that mean some hedge fund, smart money long on NF and shorted call or some contrarian trying to fade the move without being recognised, how will u interprit this information? ..i track open interest put call ratio which gives enough idea whether call writing ( short selling ) is agresive or put writing ( which is bullish ) and using this info in context of price volume and time we may gather all posible market generated information..
will try to post market profile of oi pcr ..feeling bit tired now, like to see different views meanwhile trade safe
best wishes
Alex