TAS MARKET MAP U S E R M A N U A L
TAS Market Profile is a global leader
in trading technology and market analytics.
It's still your trade. Just better.
ABOUT
Website: www.TASMarketProfile.com Help Desk: [email protected]
CONTACT US
than
ksOn behalf of TAS Market Profile, thank you for choosing us as your
trusted trading advocates. You have already taken an important
first step toward better trading by committing to LEARN, TRADE,
and GROW!
Whether you are new to trading or a seasoned veteran, TAS Market
Intelligence delivers clarity in any financial market such as stocks,
ETFs, commodity futures and Forex. Our analysis tools are
leveraged daily by institutional traders around the globe and best
of all, now you can too.
TAS Market Profile is not just a suite of powerful trading tools, but
a fresh new way of seeing the markets. Once you've learned our
trading method, you'll be on your way to identifying high-
probability chart setups with objectivity and confidence.
We're here to help you every step of the way so if you need a hand,
don't hesitate to reach out to us.
Cheers to your prosperity!
Trade Well,
Steve Dahl
President, TAS Market Profile
Dear Fellow Trader,
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TAS Market MapI N D I C A T O R
Our #1 Free Profiling Indicator!
WHAT IT DOESThe TAS Market Map delivers volume-at-price "profiles" as a horizontal
histogram layover that makes it easy to identify the relative distribution of
the highest volume price zones known as "value areas . " The use of our
proprietary color-coded cues allows the user to accurately identify these
distinct zones easier than outdated letter-based indicators . TAS Market
Map reveals clearly i f markets are l ikely to trade sideways or vertically .
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D I S P L A Y K E Y
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RED Lines: The zone of prices known as the "value area" that contains approximately
70% of the volume transacted over the period analyzed. It is a popular area for
commercial and institutional participation.
PURPLE Lines: The zone of prices in the first tier "outside of value" that contains less
volume-at-price than the red zone, but more than the blue zone. While there still is
willingness for traders to transact in this zone, it represents a minority share of volume.
BLUE Lines: The zone of prices where there is the least relative volume transacted
and there is little interest of commercial participation. These zones are commonly
referred to as "runaway gaps" or "rejection tails."
YELLOW Lines: This line (or lines) represent the "Point of Control" (POC) and reveal
where the most volume has transacted over the period analyzed.
GREEN Lines: These lines represent lower volume breaks and referred to as
"valleys." They may appear within a zone or in between differing zones.
T H E B A S I C S
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INSIDE THE VALUE AREA: When the market is inside the "value area" RED zone,
markets are considered in balance and are likely to trade sideways or horizontally. The
upper part of the red zone will serve as resistance and the lower portion will be support
when the market is contained within this defined value area.
Resistance
Support
OUTSIDE THE VALUE AREA: When the market closes outside of
the "value area" RED zone, markets
are considered out of balance and
are likely to trade vertically in
breakout mode. The upper and lower
parts of the value area red zone will
now serve as support or resistance
respectively.
New Resistance
A L L I G A T O R J A W S
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WHAT IS AN ALLIGATOR JAWS SETUP? This popular chart formation occurs when
there are two distinct and well-defined volume accumulation zones that create the
appearance of the side profile of an alligator with its mouth open. The lack of volume in
between the two jaws creates a volume gap and provides a high-probability trading
opportunity if the market moves back through the volume gap (open mouth).
Sample Strategy: * ENTRY: 1st bar close back inside the open alligator's mouth.
* STOP LOSS: Initial stop on the other side of the value area (RED zone).
* TARGET: 1st target at 50% penetration, 2nd target just before other jaw line.
Top Jaw
Bottom Jaw
Top Jaw
Volume Gap
(open mouth)
A Trader Steve Chart Favorite
M U L T I P L E M A P S
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MULTIPLE MAPS: One of the unique features of the TAS Market Map is the ability to
plot multiple volume profiles on a single chart. This provides valuable historical volume-
at-price information that can be used to project price targets and future support and
resistance levels beyond the most recent profile. The user can define how many Maps
they want on the chart and the number of bars of analysis contains within them.
Map 1
Map 3
Map 2
SETTING UP MULTIPLE MAPS: In the TradeStation TradingApp Store, the TAS
Market Map defaults to showing 3 Maps when applied to the chart (see Settings
section of this manual). However, if you are using an alternate DLL version you may be
required to apply separate instances of the indicator and adjust the following settings.
Bar1: How many bars from
present analysis starts.
Bar2: How many bars from
present analysis stops. The Result: In this example, you'll have 3 separate instances of the TAS Market Map
listed as applied studies, each with different settings for Bar1 and Bar2.
S E T T I N G S
EMAIL [email protected]
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NumOfBars: Determines
the number of historical
price bars each TAS
Market Map will depict.
DEFAULT is 50.
S E T T I N G S
Density: Determines the transparency level by
settings the number of horizontal lines that comprise
the TAS Market Map. The higher the number, the
more dense the output. DEFAULT is 50.
MapsNum: Determines
the number of TAS Market
Maps that will appear on
the chart when the indicator
is applied. DEFAULT is 3.
INPUTS:
SCALING:
The TAS Market Map is designed to be applied to the chart as a layover in the same
pane as the price bars. Therefore, be sure to set the Scaling settings as "Same Axis as
Underlying Data" and make sure the sub-graph correctly matches as well.
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[email protected] a support case by emailing us at
Submit your review of our TAS Market Map in the TradingApp Store today.
Click the "Write A Review" icon at the bottom of the product page or click the image above.
Help Us & Fellow Traders
RISK DISCLAIMER
There is a risk of loss in trading stocks, commodity futures, options, and Forex. The risk can be
substantial and therefore investors should carefully consider their financial suitability prior to trading.
Past performance is not indicative of future performance. This information and any associated
information is for educational purposes only and should not be construed as an express or implied
promise or guarantee that you will profit or that losses may be limited in any manner whatsoever.
Please trade responsibly.
Commodity Futures Trading Commission (CFTC) Rule 4.41 HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT
WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE
ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS
AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING
PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT
THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,
HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL
TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN
ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A
PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH
CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER
FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY
SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE
PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN
ADVERSELY AFFECT ACTUAL TRADING RESULTS.
P L E A S E R E V I E W A N D U N D E R S T A N D P R I O R T O T R A D I N G .
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