TPOs and Fractals – Pack Updates

2 brand-new studies and one update today! As with the other update this week, one of new studies and all the new features were all requested by the Acme loyal. The other big deal today is the release of the entirely new Acme TPO Evolution long-term study. A post waking through the details was published earlier today. Have a look.

Anyhow, without further delay, here is the lowdown on the updates:

Acme TPO

  • Feature: the study now features 2 display styles – profile and bars view. The Profile style is already familiar, but by popular request the Bars style allows you to ‘”explode” the TPOs out onto the bars.
  • Feature: Also by popular request, and bringing this feature up to par with the Acme Volume Profile, the TPO now has a configurable IB duration.

Acme TPO Evolution

This is a brand new take on a familiar idea that has been in the works for quite some time. It fills a void in the long-term analysis of markets, and it’s explained in detail on both the pack page and the post linked above. I’ve been using it on a daily basis for some time now and it’s brought a new level of clarity to my daily analysis of the big picture, particularly for instruments that’s don’t really have volume information such as spot FX.

Grab it here.


Acme Fractals

Another brand new study that has been requested time and time again over the last several months. It features configurable fractal periods as well as “naked” price extensions and audio alerts for both peak and valley extensions. I think it’s a great addition to the Time and Sales Pack lineup.

Have a look.


New Chart Templates

To go along with the pack updates, several new chart templates have been posted to the chart template library too. Might want to check them out now.


That’ll be it for pack updates this week, amigos. Trade ’em well…


MLK Holiday Pack Updates

Hope everyone is having an enjoyable MLK day (or at least the afternoon) off.

Today we have two pack updates: the Acme Trade Planning Pack, which adds some significant new features to the trade plan; and the Acme Market Internals Pack which has one totally new study.

What’s awesome about this particular set of updates update is that about 95% of it was contributed by you, the individual Acme faithful, for the benefit of the Acme collective. I don’t mean to get all new-agey on you, and I’m definitely not a communist. That’s not how I roll.

But I am saying that Rancho Dinero was started with a dream. ;-}  A dream of letting the membership largely steer the, er, ship, in the direction of value it recognized. And I think that’s one of the things that really sets Acme apart from the other products of its ilk. Sure, you’re not actually slaving over the hot code compiler or anything , but in no insignificant way Acme is by you, for you. I love that.

But I digress. Again.

Here we go…

Acme Trade Plan

  • Feature: The trade plan now features notes per level. You can give it a name or jot down a thought and it will appear opposite the price label on the chart.
  • Feature: Each level can now also have its own audio alert. When price comes in contact with the level band, it will play a sound of your choosing. Each level can play a separate sound if you like, so it will be easy to know when price enters a particular band when you are anywhere within earshot of your trading desk.
  • Feature: When creating a new plan file for a given instrument, the file is automatically named with the symbol of that instrument. This makes setting up a multi-instrument chart/plan set a bit more automatic, especially if you don’t “get” the Windows file system layout. ;-}
  • Feature: Price level bands now have an optional highlight line that runs across the price level at the center of the level band and also encompasses the price and note labels. The highlight line can make levels on certain colors of charts easier to pick out of the background.
  • Feature: The default color for new level bands can now be set by the user in the indicator properties. Previously it was always Gray.
  • Feature: When the same trade plan is on multiple charts, edited and saved on one chart but not refreshed on another chart, the user is warned if (s)he tries to save over the newer plan file.
  • Fix: When used on charts where NinjaTrader does not format the price scale as a decimal number, such as with interest rate futures for example, the level band price entry would fail. This is now resolved.

Grab it here.


Acme Tick Accumulator

Today we have one brand new study in the Market Internals Pack. This was requested by several Acme loyalists over the past few months, and was originally brought into popular consciousness several years ago by noted trading psychology expert Dr. Brett Steenbarger. It accumulates the values of the NYSE TICK index throughout the course of the session, and works in much the same way as a volume cumulative delta study. It’s useful as a gauge the strength of overall buying  or selling sentiment over the course of the US equities RTH session. You can read about the theory behind the tick accumulator from Dr. Brett here, then head on over and…

… grab it here.


Acme Chart Templates

A few chart templates have been refreshed and some new ones added to the library in the last few days. Most notably for the TPO, the Volume Impression, and the market internals charts. So if you have not visited the library in a while you might want to…

… head on over now.


That’s it for today. Trade ’em well…


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[iconbox title=”Oh, Uh, Just One Last Thing” icon=”emblem-important.png”]

… as Detective Columbo used to say. There’s been a whole lot of folks getting tripped up by trying to install newer packs over the top of the same packs they already have installed. In other words, they grab a new version of Pack X, and try to install it over the top of whatever version of Pack X they already have installed.

The fact is that doing this can cause hard-to-unravel issues in Ninja because of the way it caches indicators in memory. Not a big deal, because you can ensure a quick and uneventful update (the best kind there is) by reading and following the pack install & update procedures in the FAQs. Or watch the screencast. Your choice.




Double Feature Monday – Two New Screencasts


I’ve been trying to whittle down my to-do list for the Rancho web site, and making pretty good progress so far this week. Yeah, I know it’s only Monday. ;-}

Anyway, couple new screen casts that I have been meaning to create forever. These start at the start, so to speak. One shows the the end-to-end process of downloading, saving and loading chart templates. The other one is all about installing and updating Acme packs.



Who Wants to Go Pro?


The Pro-level packs and membership options have at long last jumped out of the bushes and yelled surprise!  Though, in truth, I said this was coming so it wasn’t really a surprise, but that last sentence painted an interesting mental image, no?

Anyhow, I’ll be sending out a note to the membership shortly with some more information.

So far, there are two upgraded packs and one totally new pack at the Pro level:

  • The first is the Acme Volume Profile Pack, which now has the brand-spanking new ad hoc range drawing indicator (watch the screencast here), as well as the ability to export a very robust set of profile statistics from the session VP study. Watch the profile stats export screencast.
  • Next, we have the divergence marking features in one of my favorite  – and generally under-valued by the trading public – indicators, the Acme Volume Balance. The breakdown/cumulative delta gets the lion’s share of the attention, but meanwhile the volume balance gets it done beautifully day in and day out.
  • And lastly, we have the brand-spankin’ new Acme Market Study Pack. There are only a couple of studies in there so far, but I expect this one to grow significantly in the near future.


In other news, I posted a really small update to the Acme Volume Profile Pack and called it With the new profile rendering engine came a change in behavior to right-facing micro-composites. I had not realized that some folks were using the old behavior for some very specific scenarios, and I changed it slightly so that it could be used as it was before with right-facing MCs.

If you did not notice this change, then there really is no need to update. But it’s there if you’d like to.

OK, that’s it. Take it easy out there. Seems like it’s gone from boredom to terror and back to boredom in the markets this week. So now more than ever, trade ’em well

Screencasts and Video How-Tos + Pack Updates

Happy holidays, amigos!


I have a pretty large volume of updates to share with you today. Lots of new features, a few minor fixes and some new multimedia goodness

Let’s start with the multimedia goodness. I’ve converted many of the text/image pack how-tos into screencast videos. I’ll continue converting the rest and making more in the future. Now that Rancho Dinero has a very global audience, many of whom are not native English speakers, I think these actually work better and in all honesty are a little faster to create. On top of that, they are a whole lot more fun for me to make. So there you go.

Check out the initial batch of screencasts here.


Volume Profiles – All Types

All profile variations can now be rendered in one of 4 types – 2 styles of both hollow and solid. Not only that, but I spent a good deal of effort over the past few weeks on improving this pack’s already speedy performance. I managed to squeeze out about a 15% reduction in CPU usage, and it’s memory usage is now similarly reduced. I am pretty pleased with the results, and I hope you will be too.

Acme Volume Profile

  • Feature: If you have set yourself up for split ETH and RTH profiles per day, you can re-combine the split profiles with an indicator parameter when on an ETH chart. That way you can quickly jump back and forth between split and combined modes without touching the Ninja Instrument Manager.
  • Feature: A member requested an option to show all the IB extensions all the time. Your wish is my command. ;-}
  • Fix/Feature: Tightened the value area calculation slightly, which on some profile shapes will result in a narrower value area. As some of you have heard me say, there is not one way calculate the value area, and in fact I know of at least 5 subtly different ways to do it. But my thinking is that a narrower (more strict) calculation is better, so I changed it. It also uses the real 1-sigma value (68.2%), while some products use 70%, so you may see some variation when comparing to others, depending on the method and percentage they use.
  • Feature: Added session levels to “project” the last RTH session’s value area high and low onto the following RTH session, if the value area parameter is on.
  • Feature: A member asked for optional price labels on naked VPOCs and open gaps. Now that they are there, I can’t believe I didn’t do this sooner! It’s really a little thing… but they are awesome!

Acme Volume Profile Microcomp

  • Feature: MCs can now be attached to the current date in addition to a specific date. For example, you can create an MC for the upcoming trading week on Monday, set it to end on Friday and attach it to the current date. It will move along the chart automatically as the sessions progress until it reaches the end of its range.

Acme Volume Profile Composite

  • Fix: I inadvertantly left a line thickness parameter out of the list for the auto-HVN and LVN levels, and it’s now in there.

Acme Volume Profile Intraday

  • Feature: Added optional price labels on naked VPOCs on this one too. Works and looks the same as in the AVP.

Grab it here.


Acme TPO

I am anticipating that this will be the last release marked beta. Thanks to input from many of you, this one should have all the kinks worked out and is quite solid now. For this version, I added a few things:

  • Feature: Custom starting letters for both the ETH and RTH session can now be specified.
  • Feature: A special color for the opening TPO can now be specified. This helps pick out the opening price at a glance or at a distance.
  • Feature: If you have set yourself up for split ETH and RTH profiles per day, you can re-combine the split profiles with an indicator parameter when on an ETH chart. That way you can quickly jump back and forth between split and combined modes.
  • Feature Elimination: The POC trace line has been eliminated due to a lack of value in the most common use cases. 30 minute TPOs are the most common time frame, and the POC trace line must lag price by one bar. This meant that the trace line was always 1 hour behind reality in the most common configuration of the TPO, making it just an inaccurate visual distraction. Thus, it got the axe. That doesn’t happen very often on The Ranch. It almost always goes the other way. But I generally subscribe to the late Steve Jobs’ product development philosophy – you know something is done not when there’s nothing left to add but instead when there’s nothing left to take away.

Grab it here.


Acme Volume Balance & Breakdown

Made several small visual improvements including even better candle spacing and additional anti-aliasing improvements.

Grab it here.


Acme Volume Impression

  • Feature: Changed the way the buy/sell imbalance percentage is calculated to provide a more quickly intelligible value. Negative percentages no longer have a minus symbol in front of them, and the value is now a simple ratio of sell to buy volume, and thus will never exceed 100% in either the positive or negative direction.
  • Feature: Added a feature to optionally down-scale the overall volume display by 1000 or 1000 with one decimal place. This can simplify the display of instruments with very large volume or can make the Impression more usable on small-ish monitors.

Grab it here.


Acme Trade Planning Pack

  • Fix/Feature: Changed the code that runs the Price column slightly so that you can sort the numbers in that column as numbers. Previously they were sorted as if they were text. So if you had prices that were way out of the current range of prices they would not be in the expected order.

Grab it here.


In other news, the Pro-level packs and features are about to make their debut very, very soon. So as they say… watch this space.

Happy holidays again (those of you who are having them now ;-}) and, of course, trade ’em well. Careful out there. Probably piles of news risk this week.

It’s Official: NinjaTrader Partnership

As I have said lately, many things have been afoot on The Ranch. I let the membership know a couple weeks ago that a partnership with NinjaTrader was in the works.

Well we can check that one off the list. You can now find Rancho Dinero on Ninja’s official 3rd Party Partner listing.

I want to give a huge shout-out again to everyone for helping turn the sod, raise the barn, dig the well and fence the back forty in such a phenomenally short period of time. I tip my 10-gallon hat to you. Without your early faith, trust and support, none of this would have happened.

I’ve said it before, and I will say it again. The best is yet to come.

Trade ’em well…


Triple Feature Saturday – Bring on the Noise!

[dropcap1]I[/dropcap1]t’s been too long of a time coming, but finally audio alerts for key Acme studies in 2 different packs are here (Acme Volume Profile and Acme Time and Sales). I intended to start releasing these earlier but a whole gaggle of other things got in the way. Better late than never, as they say. Read what’s below and then head on over to the FAQs for the low-down on setting up these new capabilities.

But it’s not just audio alerts. The veil has been lifted on the brand spankin’ new Acme Market Internals Pack. It too has audio alert goodness already baked in.

If that wasn’t enough, you’ll find several new features in the Acme Volume Profile Pack, which got a performance boost as well. Every little bit counts. And as some of you have noticed… I am kind a nut about performance.

I also like things reasonably clean and tidy. Though I’m far from a neat freak. It’s not like I arrange all the soup cans in the cupboard alphabetically, labels out, or anything. But I have been working on consolidating parameters where I can and re-organizing them so they are a little easier to find in the NinjaTrader properties window.

A few of the Acme staples are racking up quite a few options. Options and flexibility are good. But too many knobs and dials just makes things confusing for all but the hardest of the hardcore. So I try to strike the best balance I can between flexibility and ease of use. And I try to set what I think are reasonable default values so those of you who are new to the Acme scene can at least get a running start. Or maybe just a fast walking start. Whatever. You get the idea.

So, below is what’s waiting for you in this round of freshly minted updates. Here are the down and dirty details:

Acme Volume Profile

  • Session profile level lines are now displayed for high of day and low of day for the RTH session. Not only is the session high and low displayed but the Deluxe Edition has audio alerts for HoD and LoD. I’ve provided some sounds for you, but you can configure it to play any sound you like and you can turn either or both audio alerts off.
  • The Deluxe Edition now supports long term profiles – weekly, monthly  and yearly. This is something that you can accomplish with MCs and composites already, albeit in a labor-intensive kind of way. I have wanted to be able to set up a long-term study with these time frames for quite a while now for myself. It’s finally here. This might not seem like a big deal until you start using them. But I bet the most seasoned among you will recognize the value right away.
  • If you use the long-style summary, the Deluxe Edition now displays the RTH gap distance in the summary itself.
  • You can now turn all the session levels on and off with a single switch (IB, HG, ONH/L, etc). Previously you had to accomplish this with 2 parameters. Seemed silly to me so I combined them.
  • Somehow I completely forgot to include a color setting for the IB range extensions along the way. I only noticed about a week ago and, oddly, only one of you noticed too. Anyway, that’s been rectified.
  • The parameters are better organized in the properties window, and should be a little easier to scan. The AVP is one that is accumulating a lot of options, and I think this one of those nice fit-and-finish kinds of improvements.

Acme Volume Profile Micro-Composite

  • Added the volume and range summary to the MC display. It’s just like the short-style display on the Acme Volume Profile.
  • Reorganized the parameters as described above.

Acme Volume Profile Composite

  • Reorganized the parameters as described above.

Grab it here.


Acme Magic Tape

  • This pack now has a Deluxe Edition, and in it the Acme Magic Tape now has audio alerts for block trades. Again, I’ve provided some starter sounds, but you can use pretty much any sound you like. Alerts can also be turned off, natch.
  • Reorganized the parameters as described above.

Grab it here.


And lastly, the Acme Market Internals pack is making its long-awaited debut (cue trumpets now). It only contains one study for the time being, but mostly because I just couldn’t get through testing the couple others have have in store for you by the time everything else was ready. They will follow along shortly. Anyway, all the details are on the pack page. So…

Grab it here.


Hope this week was a profitable one for you. Couple of the days were, er, challenging to read. Trade ’em well.

Acme TPO - 30 Minute ETH Split

Enter the TPO

[dropcap1]W[/dropcap1]hile it’s true that I am basically a volume profiler, I came to it by way of the Time Price Opportunity (TPO) methodology invented and popularized by J. Peter Steidlmayer. In more recent times, it has come to be known simply as the Market Profile®, which is a mark belonging to the CME.

In any case, and in a way, I’ve gone back to my roots here. I’ve blown the dust off of and overhauled one of the first serious studies I wrote for NinjaTrader. I still love the simplicity and Zen, if you will, of the TPO. I am releasing it now in beta form for Rancho Dinero memebers who’d like to have a look and try it out.

Let me know what you think. Grab it here and, naturally, trade ’em well.

Updates and New Packs Galore

[dropcap1]W[/dropcap1]ow. I kind of feel like I just had a baby. If I could do that. Which I can’t. But I imagine this is how it feels. Except I know for a fact having a baby is a lot messier than remodeling a web site.

And I didn’t have to get naked in front of strangers either, which is always a plus. Also, none of the other things that happen on an operating table (or wherever) when you have a baby happened to me. So except for all that, it’s exactly the same. Right?

I’m ducking now… so female readers feel free to chuck things at your monitors.

Anyway, I have a bunch of new progeny to show and share with you. A whole pile of new features, a couple of reconfigured packs and a few brand new studies and indicators.

Because the volume is so large, I’m just going to summarize it here. All of the detail is on the pack pages.

New Packs

  • The Trend Analysis Pack. This one has two new studies, the VWAP study from the Volume Extras Pack as well as all the contents of the old Volatility Analysis. Basically, these are trend analysis studies, so it just made sense to me to roll them into one pack.
  • The Market Internals Pack is not yet released, but getting close enough that I left a place for it. Coming soon, as the marquee says.

Reconfigured & Renamed Packs

  • The Level Bands Pack is now technically defunct, but the contents have been resurrected as the Trade Planning Pack. I thought the name fit better, and this one is going to expand in the near future. Stay tuned, should be good.
  • Basically the Volume Extras Pack is now a “one-man wolfpack.” If you’ve seen The Hangover, then you know what I’m talking about. If not, then nevermind. But don’t worry, it won’t be solo for long. I have some additions on the docket.

 New Features – Volume Profile

  • Prices are now optionally marked alongside the session levels, such as IBH, ONH, Mid, etc. You can set it to mark them all, none or just for the current profile.

New Features – Volume Micro-Composite

  • The boundaries of the MC can now optionally be drawn on the chart. This helps to identify the span of time the MC is profiling. Colors and styles are configurable, natch.

New Features – Volume Composite

  • The big news here is the Deluxe Edition now sports auto HVN/LVN (peak/valley) detection with configurable sensitivity, and some very configurable labeling features. Looks nice, works even better. Many, many have requested this. Here it is.

New Features – Volume Impression

  • The Volume Impression now has 2 styles of price-level breakdown display – sell x buy and delta. Some like detail. Some like it as simple as possible. Now the choice is a couple clicks away.
  • In addition to the breakdown styles, there is one new price-level style. Previously, there were Solid and Split. Now there is Numbers too. Numbers displays only the sell x buy or delta information in colored text. Minimalists, this one is for you.
  • 2 new readability enhancements were made. First, if you use a chart background other than black or white, the price-level breakdowns could be hard to read. Now there is an optional “underlayment” color you can add to the price level color displays to increase contrast on blue and gray (or whatever color) charts, for example. It helps readability a great deal on those colors. Next, the price-level ladder display to the right of the histogram was really hard to read when bars were underneath it. No longer the case. Much better now.

New Features – Volume Balance

  • Improved bar spacing a bit, plus now there is a candle outline color you can set (or turn off) to help increase contrast on certain colors of charts.

New Features – Volume Breakdown

  • Also received some candle/bar spacing improvements. If you use candles on your price charts, the volume breakdown candles should now look exactly the same in terms of width and spacing.
  • Also added a candle outline color (which can be switched off) to help with contrast on certain colors of charts. Has no effect on OHLC-style breakdowns.
Well, that’s about it for now. I suggest you start perusing the gory details and glorious screenshots here.

New Release – Acme Level Bands Pack

Do you trade price levels? Do you find it kind of tedious to transfer your daily levels/trade plan onto your charts? Do you have an indicator that can do it for you?

Do you have one that can even draw it on all of your charts for a given instrument, all at the same time? If you don’t, then brother (and sister) do I have a pack for you.

Check it out. Trade ’em well.

[box type=”info”]This pack has be renamed to the “Acme Trade Planning Pack.”[/box]