TAS Market Profile Map [TASMarketProfile]TAS Market Profile Map (aka “ TAS Market Map ”) displays volume accumulation at price using our attractive color-coded sideways histogram overlaid onto the price data pane. Hunt for high reward-to-risk opportunities with our favorite “Alligator Jaws” chart pattern setup that reveals significant volume gaps and actionable signals. TAS Market Map can paint up to 5 Maps simultaneously across time windows customized by the user.
TAS Market Map has 4 distinct colored lines:
RED ZONE – Designates an area where there are many market participants willing to transact. This zone of red lines grouped together is known as the “value area” and contains approximately 70% of the volume transacted in that particular section of the price map within the overall Market Map.
YELLOW LINE – Each TAS Market Map will contain at least one yellow horizontal line. This line is called the “Point of Control” (POC) and it represents the price where the most executions have occurred. In the case of multiple yellow POC lines, the one that extends closest to the price axis is considered the “Master Point of Control.”
PURPLE ZONE – Represents an area where there are less people willing to transact and is referred to as being “outside of value.”
BLUE ZONE – Designates areas where there is little interest on the part of commercial or institutional professionals to transact. When these areas occur on the perimeters of the TAS Market Map, they are referred to as “runaway gaps” or “rejection tails.”
∟ THE ALLIGATOR JAWS CHART PATTERN:
A popular chart pattern utilizing TAS Market Map is called the “Alligator Jaws” setup. Due to its unmistakable appearance similar to the side profile of an alligator with its mouth open, this chart pattern seeks to exploit when there are two significant Points of Control (yellow lines) with a large volume gap in between. Enter the trade as the market breaks outside of the value area (red zone) in the direction of the volume gap (inside the open jaws), place a stop loss on the other side of the Point of Control and preferably also across the value area (red zone). Seek to take profits at either 50% of the way through the volume gap or a more optimistic target just ahead of entering the opposing jawline (red zone value area). This trading technique can be applied to both long and short side entries.
Below you will find a couple examples of this chart pattern.
∟ INPUT SETTINGS:
By default, three TAS Market Maps will appear. You can activate the 4th and 5th Market Maps easily by checking the boxes in the Input settings. TAS Market Map updates automatically at the close of each bar after it has calculated all of the volume from the closed bar in addition to the completed OHLC data (Open, High, Low, Close). This happens in a matter of seconds at each bar close. The analysis is not static, but rather a rolling period of analysis at each bar close.
THERE ARE 3 SETTINGS FOR EACH MARKET MAP :
>>> # of Lines – This represents how many horizontal lines you want to comprise the Market Map so it generates a transparency customization. The default is 50 lines. If you increase the number to, for example 100, then the Market Map will appear more prominent and less transparent on the chart. Similarly, a lower input setting would remove lines and make it more transparent.
>>> BarStart – This setting dictates the starting point for that particular Market Map analysis based on the number of bars from the current bar. The default is 50 bars so this means the start of the 1st Market Map begins 50 bars from the present. At the close of each new bar, the analysis rolls to the most recent 50 bars automatically. Therefore a setting of 100 would start the analysis based on the most recent rolling 100 most recent bars.
>>> BarStop – This setting dictates the end point for the analysis of that particular Market Map. By default, the 1st Market Map will have a 0 which means it runs analysis through to the most recent bar.
OTHER NOTES ABOUT SETTINGS:
You’ll notice that by default the input settings for BarStart and BarStop for all 5 of the Market Maps are set to 50 bar increments and don’t overlap. For example the StopBar of Market Map #2 is 51, whereas the StartBar for Market Map #1 begins at 50. It is best practice to have consistency regarding the number of bars from the start and stop of the analysis.
Although not as popular, if you want to flip the orientation of the Market Map to paint from right to left instead of the default left to right, simply change the StartBar to 0 and StopBar to 50 and you’ll achieve this preference.
∟ INTERPRETATION AND RULES:
When the market is inside the red zone “value area” of the Market Map, it tends to move sideways within the range of the zone. Therefore you can look to enter trades near the top and bottom of the red zones with potential exits near the POC (yellow line) or opposing side of the red zone value area.
When price does break and close outside the value area zone, then the value area zone becomes new support or resistance and this can be leveraged for trailing stops. The most aggressive trailing stop would be after the market has penetrated into open space away from the value area, moving the stop to just back inside the value area. This would significantly reduce the trade risk.
The use of multiple Market Maps allows the trader to anticipate upcoming areas of support and resistance when the market moves beyond the scope of the current 1st Market Map. Historical Market Maps provide valuable information regarding where commercial interest existed in the past and likely to revisit in the future.
When multiple Market Maps form and the value areas align or overlap across their respective different time windows, these tend to be significant attraction zones for the market and a trader can expect sideway trading within the red value areas zones. Prudent trading is to observe the market conditions present and you the trader must adapt your trading mode to match, or not trade at all. In other words, you must trade the range during times when the market is in the value area zones and trade breakout when confirmed moves occur outside the value area zones.
In the case of a Market Map that develops “multiple distribution” areas (i.e. multiple developed value areas within Market Map), we anticipate a trending move
with price continuing in the direction the value areas are forming in relation to one another and in relation to the direction multiple Market Maps are forming.
Example of multiple Market Maps forming lower and revealing the bearish market trend:
Trade Well My Friends,
Tasmarketprofile
TAS Navigator + TAS Ratio + TAS Yield Zones [TASMarketProfile]This bundle of 3 TAS Market Profile indicators reveal when markets are gaining momentum, exhausted and reaching critical overbought/oversold conditions. The indicators display on a space-saving bottom pane and provide multi-perspective analysis that yield confidence in what direction to trade and when. The TAS Navigator, TAS Ratio, and TAS Yield Zones can be applied to any financial market such as stocks, ETFs, futures, Forex and digital currencies.
∟ ABOUT TAS NAVIGATOR:
TAS Navigator is a versatile indicator that combines several signals to help you manage your trades and avoid unfavorable situations. At a glance, the Navigator can provide the trader with useful information about underlying trading conditions for any time frame chart. The Navigator is comprised of three primary components – the histogram, the moving average and the zero line.
The histogram consists of the vertical bars plotted above and below the horizontal “zero line.” The bars are color-coded to provide the following information:
NEON GREEN / RED – The directional move continues to gain momentum.
DARK GREEN / RED – The buying or selling momentum is falling off.
MAGENTA – Exhaustion warning and the move has reached “peaking” conditions that may be difficult to maintain. Markets are likely to run sideways for a period of time or a direction change may be near.
The moving average (MA) is the blue line that travels horizontally across the Navigator and provides a relative measure of the overall levels of buying or selling. You will notice that the dots capping the histogram bars change from green to red as they move above or below the MA. The color of these dots tells us the following:
GREEN DOTS – The buyers are currently in control.
RED DOTS – The sellers are currently in control.
The zero line is the horizontal line around which the histogram plots. It provides a reference point for the larger momentum shifts. It is color-coded in the following manner:
CYAN – The current market phase is trending / unbalanced.
YELLOW – The current market phase is sideways / balanced.
INTERPRETATION AND RULES:
The TAS Navigator’s inherent ability to visualize the overall pulse of the market can inform your trading decisions in several ways:
>>> If the histogram is neon green or red, the trader should look for trading opportunities in the appropriate direction (green = long; red = short) and hold for increased profits as long as the bars remain neon green or red.
>>> If magenta bars appear, the trader knows to tighten stops and look for profit-taking opportunities because the trend has reached peaking conditions.
>>> When the histogram switches to dark green or red – indicating momentum is slowing – the trader can look to tighten stops and consider technical areas for reentry.
>>> Once the histogram crosses the MA and the capping dot changes to the opposite color of the histogram bar, a trader knows that they can begin looking for countertrend trade opportunities.
>>> Most importantly, until that dot changes color, the trader knows that the odds do not favor looking for trading opportunities against the current trend.
>>> The relative peaks of the histogram bars can also provide valuable information. As consecutive histogram peaks move further away from the zero line, price should extend the trending move. When consecutive histogram peaks become closer to the zero line, the price should create a lower high or higher low soon.
>>> A trend line connecting histogram peaks can be used to identify trading levels based upon momentum reaching the necessary level to touch the projected trend line.
>>> Trading opportunities can also be found when divergence occurs between the histogram and price. For example, consecutive histogram peaks move further away from zero line, but price cannot extend the trend.
∟ ABOUT TAS RATIO:
TAS Ratio is a leading indicator which helps forecast short-term price movements. It is best used for gauging targeted areas for entry and exit points. It was designed to identify when price movement is confirmed by volume and volatility as well as when market moves lack momentum, conviction and follow through. TAS Ratio levels are determined by a defined time within a 24-hour period and applicable for intraday charts only. The analysis can be applied to any liquid financial instrument and provides target trading zones in either direction.
INPUT SETTINGS FOR TAS RATIO:
There are 3 inputs for TAS Ratio and below you’ll find the default settings:
Ratio RangeBars: 10
Ratio AverageBars: 3
Ratio MABars: 3
>>> Ratio RangeBars – Sets the desired lookback period. Default = 10.
>>> Ratio AverageBars – Sets the smoothing factor and should be the same as MABars setting. Default = 3.
>>> Ratio MABars – Sets the smoothing factor and should be the same as AverageBars setting. Default = 3.
CONFIGURATION NOTES:
As a rule, the RangeBars period should be twice (or more) than the AverageBars and MABars setting. Remember that the AverageBars and MABars settings should be equal. For example, 6/3/3 or 8/4/4 would be minimum separation.
Faster time charts may prefer slower indicator settings for smoother readings. For example, on 30-minute charts or lower the settings for RangeBars period and AverageBars and MABars could be 10/5/5 or even 16/8/8 respectively.
TAS RATIO DISPLAY:
TAS Ratio – Displays more volatile orange-colored line
Moving Average – Displays smoothed moving average purple-colored line
Note that the default colors can be adjusted in the Style settings.
INTERPRETATION AND RULES:
TAS Ratio is displayed on the same pane and scale as TAS Navigator in which readings of +40 is considered overbought and -40 is oversold.
TAS Ratio is especially effective when traders are aiming to time entry points into emerging intraday trends which can be observed when the price is making new “higher lows” or alternatively when price is making new “lower highs.”
TAS Ratio is a sensitive indicator by nature and should be viewed as a tool for fine-tuning a more granular entry or exit within the scope of other TAS Indicators.
TAS Ratio is useful in confirming when price may be at an area of divergence to locate and target higher probability entries and exits.
In general, price should move freely in the same direction of the indicator and in a proportionate range of movement.
When price fails to move proportionately, as much as TAS Ratio moves or stalls, this divergence alerts you to focus on immediate areas of support and resistance.
When price stalls and TAS Ratio does not stall, this is an indication to seek confirmation for a valid counter-trend trading opportunity.
Pay attention to TAS Ratio (orange line) crossovers above and below the Moving Average line (purple line), but also observe the trajectory and whether the Ratio line is pulling away and creating greater distance from the Moving Average line. Increasing distance is a sign of strength of move in that direction.
∟ ABOUT TAS YIELD ZONES:
TAS Yield Zones provides a valuable visual warning via a yellow background color when TAS Navigator and/or TAS Ratio indicators are exceeding specific overbought or oversold threshold lines dictated by the user. The indicator is visible in the same bottom pane as these two indicators. The user controls how extreme of the overbought or oversold condition they mandate in order to trigger the “Yield Zone” warning for each indicator based on the inputs for the TAS Yield Zones threshold lines.
INPUT SETTINGS FOR TAS YIELD ZONES:
Within the Input settings, you can activate or deactivate the visibility of TAS Yield Zones for TAS Navigator or TAS Ratio. By default, both will be visible. There are 4 inputs for TAS Yield Zones and below you’ll find the default settings:
Yield Zones Nav Overbought Line: 40 (red line by default)
Yield Zones Nav Oversold Line: -40 (green line by default)
Yield Zones Ratio Overbought Line: 40 (gray line by default)
Yield Zones Ratio Oversold Line: -40 (gray line by default)
The farther away the Inputs are from the 0 line, the stronger the move must be bullish or bearish in order to get to the threshold lines. For instance, Inputs of 50/-50 would require a more substantial move than 30/-30 settings. Additionally, the user can adjust the coloring of the TAS Yield Zones inside the Style settings.
TAS Yield Zones are best used in conjunction with TAS Navigator and TAS Ratio so the user can visually see when the threshold lines are near being approached and exceeded. When all three indicators are visible on the pane, you can see when there is a confluence of overbought or oversold conditions simultaneously on both TAS Navigator and TAS Ratio indicators and when exhaustion warning conditions are present. When these three conditions occur, there is a likelihood that a move in the opposite direction (or at a minimum a sideways condition) may be near.
Trade Well My Friends,
TAS Boxes + TAS Vega + TAS Compass [TASMarketProfile]This bundle of 3 TAS Market Profile indicators provides a shaded background that reveals directional bias, colored price bars show clearly when breakout conditions are bullish (green) or bearish (red) as well as 3 real-time dotted lines that show developing commercial balance areas known as “value areas.” These TAS Boxes 3 lines are calculated in real-time and leveraged to identify trade entry zones, trailing stops and targets. The 3 indicators can be activated and applied to a chart simultaneously (as shown) or individually in the Inputs settings tab. This description contains descriptions for all 3 indicators in the order of TAS Boxes, TAS Vega and TAS Compass so you’ll need to scroll below to get to the one you want insight.
∟ ABOUT TAS BOXES:
TAS Boxes (also known as TAS Dynamic Profile) offers a dynamic representation of developing commercial balance areas known as “value areas” and are depicted with 3 colored horizontal dotted lines. Note that the thickness of the dotted lines may be adjusted in the Style settings.
Red Line- Supply / High Value Area (HVA) / Resistance
Cyan Line- Point of Control (POC)
Green Line- Demand / Low Value Area (LVA) / Support
The TAS Boxes calculate and display in real-time intrabar and are finalized at the close of the bar. The levels may dynamically update intrabar and move and this is viewed as foreshadowing of where new value areas may be attempting to appear next. When the market is between the top and bottom lines, the market is considered “in value” or “in balance.” When the market closes outside the top or bottom lines, the market is considered out of value/unbalanced and in breakout mode in that direction.
INPUT SETTINGS FOR TAS BOXES:
There are 3 inputs for TAS Boxes and below you’ll find the default settings:
MinSignal_123: 2 (only options are 1, 2, or 3)
Length: 7
MapLength: 7
MinSignal_123 -- Measures how established the commercial interest creating the balance area must be to create a new TAS Box. In other words, this input is a measure of the strength of the box.
Length –- Takes into consideration the relative “momentum” behind the move and how extended the move must be before the formation of new TAS Box levels.
MapLength –- Specifies the number of bars of data used to create the parameters of the TAS Box.
In summary, the first two inputs determine how often a new TAS Box will appear. The higher the input numbers the less often and harder it is to establish a new TAS Box, and vice versa. The last input simply determines how much data is included in the calculation of the new TAS Box.
While we recommend the default 2-7-7 as standard inputs for most traders as they work well with any tradable instrument with sufficient liquidity, other input combinations can be explored per the user’s preferences for varying sensitivity to market conditions and how recent of market conditions. Other settings to consider are 2-14-7 or 3-4-50. We invite the user to explore the cause and effect of changing the settings but doing so only after they have mastered an understanding of the strategy deployment with the defaults. The vast majority of users do not change the default settings.
WHAT MARKETS AND TIMEFRAMES CAN BE TRADED?
TAS Boxes can be displayed on Stocks, ETFs, futures, Forex and digital currencies. TAS Boxes can be applied to a chart of any time frame (e.g. 1-minute, 5-minute, 20-minute, daily, weekly, etc.) and will also function with many other style charts such as Range and Renko. Boxes displayed on longer time frames designate more significant balance areas and can be used to locate higher probability entries. Boxes on shorter time frames can be used to identify if the tradable instrument is currently in balance or breaking out, and pinpoint entries accordingly.
INTERPRETATION AND BASIC RULES:
HEIGHT OF BOXES: The height of the TAS Boxes from top line to bottom line is a measure of volatility. When taller Boxes are present and subsequent Boxes expand, this means the volatility of the market has increased. When the height of the Boxes is smaller or contracting, then we are experiencing a market in decreasing volatility or consolidating.
WIDTH OF BOXES: The width of the TAS Boxes are a measure of significance. The longer TAS Boxes have remained at the same levels, the higher the impact they will generally have as support or resistance levels, and in the instances they are breached the market may experience fast and vertical movement.
The TAS Boxes are used to identify high-probability zones for trading both inside the range of the Boxes and also when in breakout mode outside the Boxes:
>>> When price is trading within the boundaries of a normal to wide range commercial
balance area, we can consider trades within the range of the Boxes and should look for entries around the support (green line) or resistance (red line) areas with profit targets around the POC (cyan line) or opposite boundary.
>>> When taking trades near both the upper and lower boundaries, we like to see the POC
near the middle of the box’s range. This is known as a “symmetrical box” as pictured below.
>>> If the POC is plotted tightly close to or at the same price level as the green or red line, we refer to this as forming a “wall” or "plywood" and anticipate stronger commercial interest providing support or resistance in those areas.
>>> When trading above or below the current box, price is said to be in breakout/breakdown mode. During these modes, one should be getting out of any opposing positions that are not in the direction of the breakout. Not all breakout/breakdowns are created equal. Moves outside of TAS Boxes when the vertical distance from Top to Bottom is minimal will tend to have more powerful moves, especially in instances when there are recent long-range bars in the direction of the break.
>>> When markets are breaking out or down outside of Boxes, if there is sizeable space before you encounter recent historal TAS Boxes levels that is favorable for good follow through of the move. Prior TAS Boxes levels do serve as as areas the market may encounter friction and go sideways for a period of time.
MANAGING RISK WITH STOP LOSSES:
We highly recommend the use of stop losses when trading. You can place stop losses outside of the 3 lines of TAS Boxes and trail them behind the market as new Boxes appear in the direction of the trade. You may also move trailing stops among the 3 levels to suit your risk tolerance (e.g. when market is in breakout mode, trailing it from out the Boxes to outside the POC level or opposing level). You can start your initial stop outside the opposite of all 3 lines or on the other side of the POC for lower risk.
∟ ABOUT TAS VEGA:
TAS Vega changes the coloring of the price bars to provide a more meaningful interpretation of when markets are in balance (based on TAS Boxes) or in bullish/bearish breakout mode. There are four colors generated for TAS Vega:
GREEN – Bullish breakout / Don’t be short
RED – Bearish breakdown / Don’t be long
ORANGE – 1st bar back inside TAS Boxes after prior move outside.
GRAY – Balanced, each subsequent bar after the 1st bar closes inside Boxes.
INTERPRETATION AND BASIC RULES:
WHEN VEGA IS GREEN:
Don’t be short.
Consider longs only or retain existing long positions.
Entering on the bar close above the Boxes is higher probability than intrabar entry.
Many consecutive bar closes above Boxes increases probability of eventual move higher.
WHEN VEGA IS RED:
Don’t be long.
Consider shorts only or retain existing short positions.
Entering on the bar close below the Boxes is higher probability than intrabar entry.
Many consecutive bar closes below Boxes increases probability of eventual move lower.
WHEN VEGA IS ORANGE:
If orange due to closing back inside Boxes of your initial entry Box, hold.
If orange due to closing inside a new Box appearing in the direction of your trade (higher Boxes for longs, lower Boxes for short) consider this a potential 1st tier profit-taking opportunity for multi-lot/shares positions. If single units, exit is at the trader's discretion contingent on the extent of the move.
It is prudent risk management to also use the appearance of orange closed bars as a reminder to trail your stop loss behind the new TAS Boxes levels.
Many times you may see many orange bars over a series of bars (not consecutive, however) and this means the market continues to explore both sides of TAS Boxes and is indecisive about intentions. Be cautious at these times.
WHEN VEGA IS GRAY:
Gray bars simply means the bar has closed in balance within the value area of TAS Boxes.
Gray bars are not a cue to exit a position necessarily. It is just a visual that the bar has closed in the value area. Often a trending move will have many periods that the market closes back inside new Boxes that are appearing in the direction of the trend and your largest trades will require that you simply adjust your trailing stop rather than exit with gray bars.
It is prudent risk management to also use the appearance of orange closed bars as a reminder to trail your stop loss behind the new TAS Boxes levels.
Many times you may see many orange bars over a series of bars (not consecutive, however) and this means the market continues to explore both sides of TAS Boxes and is indecisive about intentions. Be cautious at these times.
The user can adjust the coloring of the TAS Vega bars in Style settings.
∟ ABOUT TAS COMPASS:
TAS Compass changes the background color of the chart to reveal the directional bias of the market. It may be applied to charts in any timeframe for stocks, ETFs, futures, Forex and digital currencies.
There are two colors generated for TAS Compass:
GREEN – Bullish directional bias
RED – Bearish directional bias
INTERPRETATION AND BASIC RULES:
The directional bias is established (or changes) when a bar closes outside of TAS Boxes levels. When a market closes above the TAS Boxes, it will establish a bullish bias (green background) and this will remain intact until there is a close below the TAS Boxes. At the time there is a bar close below the TAS Boxes, then the TAS Compass bias changes to bearish bias (red background). This sequence continues back and forth indefinitely. When using TAS Compass, one should still follow the prudent rules and best practices of TAS Boxes as there may be opportunities to exit a losing position sooner by doing so even in the instance a TAS Compass directional bias has not changed.
TAS Compass can be used as a stand-alone visual cue on a chart, but will have accentuated value when used in conjunction with TAS Boxes and TAS Vega indicators included within this bundle.
Below is an example showing TAS Compass with TAS Boxes in order to show how the closes outside of TAS Boxes is the trigger to the background color change logic.
Trade Well My Friends,
TAS Float PCL + TAS Static PCL [TASMarketProfile]TAS PRICE COMPRESSION LEVELS (PCLs) includes 2 distinct indicators that use volume at price analysis, volume aggregation and multi-timeframe confluence to calculate and display significant levels of commercial interest above and below the market. These levels reveal reliable trading levels which can be leveraged for enhanced trade entries, trailing stops and targets.
THERE ARE TWO TYPES OF TAS PCLs:
TAS Float PCLs - These levels take into account new data flow throughout the trading session and expands or contracts the levels dynamically in accordance with changing market conditions. These are often referred to by traders as “Floaters” or “Dynamic PCLs.”
TAS Static PCLs - These levels are set upon the start of the trading session and remain intact throughout the duration of the session. Many traders These are often referred to by traders as “Statics.”
Both TAS Floaters and TAS Statics have up to 10 horizontal lines available to display. The four center lines are referred to as Points of Control (POC). Three of these lines are colored cyan and one is yellow. The yellow line is more prominent and referred to as the Master Point of Control (MPOC) of the Price Compression Levels on display. The first area of commercial suppor t and resistance are plotted with red lines on both sides of the POC lines and commonly referred to as S1 and R1 levels. The next level of support and resistance areas are designated by blue lines (S2 and R2 levels) and then lastly the farthest from the POC lines are the green lines (S3 and R3 levels). By default, typically the green lines are not displayed but can be activated on an “as needed” basis within the indicator Style settings.
EXAMPLE OF TAS FLOAT PCLs:
ABOUT TAS FLOAT PCLs:
The TAS Dynamic PCLs (Floaters) reveal the price areas that attract commercial interest based on the current market conditions.
How the PCLs are plotted can be adjusted with two inputs controlled by the user.
----------1) MinSignal_123: This setting controls the sensitivity of the calculations. The default is set to 1 and this represents the most sensitive input that makes it easiest for market conditions to trigger new PCL levels. A setting of 2 is considered “medium” sensitivity and lastly a setting of 3 would require the most substantial change in conditions to trigger an adjustment of PCLs on the chart.
----------2) Length: This input setting determines the number of bars of data included in the calculation for new TAS Float PCLs to be adjusted on the chart. The default is set to 8.
MORE ON INPUT SETTINGS:
Using higher values in both inputs will display more significant areas of commercial interest for higher probability support and resistance levels around PCLs. These are referred to as “slow” Floaters.
Using lower value inputs will create Floaters that are more responsive to market conditions. These are referred to as “fast” Floaters.
When fast Floaters are contracted (cover a narrow range of prices) the market is tightly balanced and can easily enter into breakout conditions, if price closes outside of the TAS Float PCLs.
Expanded Floaters that are wider apart provide for greater rotational range trading conditions.
BELOW ARE THE RECOMMENDED INPUT SETTINGS COMBINATIONS THAT WILL DICTATE HOW RESPONSIVE THE PCLs WILL REACT TO CONDITIONS:
FAST (default): 1 - 8
MEDIUM: 2 - 14
SLOW: 3 - 34
The user will typically choose to have either Statics or Float PCLs active on the chart at a time, but not both as you'll have up to 20 levels on your chart (too many). You can, however, put them on different panes. Visit the INPUT settings of the indicator to select which one you want active.
The user can change the coloring, line type and thickness in the STYLE settings.
ABOUT TAS STATIC PCLs:
Many traders opt for TAS Static PCLs because they prefer to know the significant commercial interest price areas before they trade.
Unlike Floaters, TAS Static levels will not change throughout the trading session and are only affected if the user changes the opening and closing time parameters for the trading session displayed. By default, Static levels will recalculate and display new levels upon the reopen of the next session.
Tightly compacted POC lines designate an area of particularly strong commercial interest that provides higher probability, lower risk entries for extended directional moves. These areas are often referred to as “walls.”
If the POC lines are spread out over a wider range, a trader should be on the lookout for a more rotational trading session.
Periodically, one of the POC lines may be plotted outside of a red line (S1 or R1). In this case, the market may be biased in the same direction that the POC line is in relation to the red line.
TAS PRICE COMPRESSION LEVELS can be used as a stand-alone trading guidance system or in conjunction with other popular TASMarketProfile indicators.
Trade Well My Friends!
