MarketWebs (MW) Technical Trading System Explanation
A technical system based on Market Profile Theories using Volume, Time, and Price to determine a Technical Roadmap outlining significant support & resistance across Equities, Futures, and Forex.
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Provides precise entry & exit pivot points based on these Market Profile Theories across different timeframes
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Example: Daily chart Value Area is based on 1 month of Volume, Time, and Price
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Significant volume nodes from previous periods are kept live (VPOC = Virgin Point of Control) because they can be substantial support / resistance levels
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The Marketwebs are designed to help traders maintain a Trend Following Discipline
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i.e.: avoiding stocks that are breaking down (below Value)
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This system has been through numerous upgrades and enhancement over the last 5 years
Example: Break of Yearly Value Area on a Weekly Chart
Example: Plan out Targets based on VPOCs
(Virgin Points of Control)
Example: Avoid a name not ready to breakout
(trapped in range)
MW Definitions
- Value Area (VA): Majority of price action has taken place based on previous period; range between Value Area High (VAH) & Value Area Low (VAL), which are the prices at which ~70% of the volume has taken place
- Price inside VA: stock is range bound & not trending
- Price above/below VA: out of recent range (value); beginning to trend higher/lower
- Time period is over: new VA created (past areas still relevant)
- Price enters VA: “80% rule” 80% chance of passing from one side of value to the other (Note: Only true if, current period price est. outside of VA before entering & value area wasn’t already explored 100%)
- The 80% rule is useful when price starts a period above or below the VA, enters the VA, and establishes itself – Then there’s an 80% chance that price travels from one end of the VA to the other (see chart below)
- Frequent charting timeframes: (shows specific value area for…..)
- 5m: value area for the day 1hr: the week Daily: the month Weekly: the year
- Point of Control (POC): Majority of volume has occurred at price based on previous period
- Often acts as a magnet/ “base” (there’s heavy volume concentration there)
- Value Area High (VAH): 1 standard deviation volume profile in a given period
- Aka Top of Value (TOV)
- Price inside value: TOV is “resistance/pivot level”
- Once price climbs above value, TOV becomes support
Example of 80% Rule Playing Out
- Value Area Low (VAL): 1 standard deviation volume profile in a given period
- Aka Bottom of Value (BOV)
- Price inside value: BOV is “pivot support level”
- Once price falls below value, BOV becomes resistance
- Virgin Point of Control (VPOC): Significant level left untested by the market
- If price never visits its POC in a period, that POC will become a VPOC
- Historical VPOCs often act as a magnet once price leaves value in the given period; act as memory points
- These are exceptional for Buy / Sell Points!
- Venom: MW specific pivot levels of support or resistance
- MW indicates 3 additional levels of support shown as Venom S1:, Venom S2:, Venom S3:
- MW indicates 3 additional levels of resistance shown as Venom R1:, Venom R2:, Venom R3:
Frequently Asked Questions (FAQ)
- Is MW available for various platforms/brokers
MW is available on TradingView (TV) as well as ThinkorSwim (ToS) desktop & Mobile (iPhone, Android, iPad, etc.)
- How do I purchase MW
TV version: https://subscriptions.marketwebs.com/
ToS version: Must be an active TTG Member to purchase
- Does MW work with Windows & Mac
Yes, it works with both operating systems
- Does MW work all over the globe?
Yes, as long as you have TV or ToS
- What type of Trader does the MW work for?
All types, there are different timeframes that are for different traders:
Day Trader→ 5m: Value Area for Day & 1hr: Value Area for Week
Short Term Swing Trader→ 1hr: Value Area for Week & Daily: Value Area for Month
Long Term Swing Trader→ Daily: Value Area for Month & Weekly: Value Area for Year
TTG MarketWebs (MW) Indicator
The MarketWebs Indicator is a valuable charting tool that essentially creates a roadmap for decision making. Based on Market Profile theories, using volume and time at price, MW provides a valuable visualization of the significant price areas and levels across equities, futures, and forex.
- A “road map” for detecting when a security is trading in a range or trending as well as where it is likely to go in the future
Great for:
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- Spotting new breakouts
- Confirming strength/weakness across different trade times (long/short term)
- Identifying viable targets for entries, exits, and stops
- Keeping emotions in check
- Those who have been using MW for years, consider it to be simply an invaluable tool to their trading success
System Requirements: Only available for ThinkorSwim.
We are not strictly growth or value traders/investors, we follow price and trend.
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