Market profile software

[ckait 10]

I know many of you use MP. I was wondering which programs and providers you think are the best , user friendly and what the cost is? I use Trade Station and have found all aviailable MP programs lacking. If anyone could assist it would be appreciated.

[Nick1984 10]

Sierra charts has MP in it and so does Ninjatrader (but I'm not a fan of Ninjatrader myself). Ninjatrader has an offer upon registration with a one off payment for lifetime use of MP I think.

[TinGull 10]

Linnsoft has a fabulous MP feature for Investor/RT. Its a 20 dollar a month add on, but was very well worth it for me.

[scottrsl 10]

NinjaTrader does not offer MP directly. Final Financial Alforithms (http://www.fin-alg.com/tpo_help.html )offers an MP add-on for NT (called TPO and Volume Profile for NinjaTrader) for a lifetime fee of $249, which is well worth it. A free trial is available for 7 days without providing credit card. NinjaTrader of course offers free charts if you do not execute trades via their platform. So you can get MP for life for $249. Works great, as does NT.

[Fibtrader 10]

I use the Ninjatrader version for MP. NT has a couple of Tradestation strategy eld's that can be installed on a 1 min chart for each unit you are trading. The 1 min chart will also power a tick chart in NT. Works very well. Trademaven also has an MP addition for their charts. For execution software Trademaven is one of the best. They answer the phone 24 hrs a day, hard to find with other platforms. Excellent videos and manual.

 

FibT

[BlowFish 10]

Fib,

 

Is that a typo? It kinda implies that you can compile easy language studies for NT?

 

Cheers,

[Fibtrader 10]

Blowfish

 

No the eld's are included with the NT download. On my computer they are in the following directory:

 

C:\Program Files\NinjaTrader 6\bin\AutoTrade

 

FibT

[markadam 10]

I think that Linnsoft is the best MP around, however, I am a TS user right now and it will take me sometime to move over.

 

Linnsoft has a fabulous MP feature for Investor/RT. Its a 20 dollar a month add on, but was very well worth it for me.

[jjthetrader 10]

Do the folks using the add on for Ninja from fin-alg find the VAH etc to be accurate? I'm running the trial and my munbers differ from those offered at mypivots.com. Could theirs be incorrect?

I'm thinking of buying the ninja one. Can you lay it over proce at all to get a complete visual?

thanks

JJ

[asiatrader98 10]

:doh:

is there any standalone program for market profile avalible?

I do not need the data vender but the software must be able to read the metastock tick data...anyone can help me ? TQ

Edited January 31, 2008 by asiatrader98

[gassah 10]

http://www.market-analyst.com/ has a Market Profile for daily and weekly charts. I'm not sure if it does intraday. Ray Barros uses them. Expensive at $1000 for the charting program and $280 for the Profile.

 

The attached is a daily SPY.

 

nic

[drsushi 10]

CKait,

 

I have an indicator by Suri Dudella that he calls price profile. I'm not an expert by any means in MP or otherwise, but I do like to trades based on the POC and VAL and VAH as support and resistance. His indicator plots the profile on a 30 min chart, I guess you can use other time frames, and then on say a 5 minute chart or a tic chart you can plot, or as it is referred to in TS broadcast the POC's going back 10 days and the current POC plus current VAH and VAL. If you check out Suri's Site suriNotes.com, suriNotes, Stock Research, Futures Trading, Emini Trading, Tradestation, Indicators and look at his intraday charts you can see samples of it in use. It was $250 for life and it uses TS data. I don't benefit in any way. I like Suri and I have a number of his indicators and his book. Good Luck

 

David

[drsushi 10]

Just thought I'd post a pic of Suri's Price profile.

 

David

Edited February 3, 2008 by drsushi
picture didn't show

[thrunner 10]

I have an indicator by Suri Dudella that he calls price profile. It was $250 for life and it uses TS data.

I won't lump Suri with the likes of TTM's Carter and Senters because unlike TTM, Suri has freely contributed many open source code and ideas to the TS forum. However, he has begun to commercialize his material which are very much derivative of many open source material freely available on TS and here at TL. If you do some searches on TS and here, you will find many market profile code for TS that is equally usable if not more accurate than the indicator referred above, which incidentally looks derivative of some of what Ant (Antonio) was posting.

 

For example, the value area shown for Jan 31 2008 for ES using the Suri price profile seems to be a much larger range and displaced lowered than the conventional calculation (assuming VA delimited by the red horizontal lines).

 

The open mp code for TS can be found for example in this thread and many other threads here at TL and elsewhere.

[asiatrader98 10]

anyone try this WINdoTRADEr® software before? Is it standalone program?

http://www.windotrader.com/WINdoTRADErsupregsup/tabid/54/Default.aspx:confused:

I will e-mail them later for more detail, I do not need the real time data feed....I have my own metastock format tick data ....so the MP software shall be able to read the metastock format.........anyone can help? Thank You

[sirkin01 10]

did you ever get a response to a standalone software for MP

[momentom 10]

Do the folks using the add on for Ninja from fin-alg find the VAH etc to be accurate? I'm running the trial and my munbers differ from those offered at mypivots.com. Could theirs be incorrect?

I'm thinking of buying the ninja one. Can you lay it over proce at all to get a complete visual?

thanks

JJ

 

Yes, great program. Make sure that you setup the chart times in the properties to reflect the trading hours you want. Been using it since the beginning and have used MP since the 1980s

[sirkin01 10]

no still looking for a stand alone program i currently use Trade Station as my platfrom of does TS come with a good one havent much written on it.

[LS_Chad 10]

If you are able to convert your metastock tick data files to ascii text files (using a program similar to this: http://www.filesland.com/companies/Trader-Tools-com/Meta2ASCII-Conversion-Wizard.html Meta2ASCII Conversion Wizard)...then you can easily import that data into Investor/RT and build Market Profile charts off the data.

[mattz 10]

Great article about Market Profile. 

[Quantower 0]

Market profile for ES https://www.quantower.com/

Edited October 18, 2019 by Quantower

[Quantower 0]

Quantower TPO Profile has a lot of features:

https://www.quantower.com/blog/tpo-profile-chart-and-trading-on-bitmex

• Splitting & Merging the TPO Chart
• Key elements of TPO Profile — POC, Value Area, Singles
• Building a TPO Profile for any time period
• Overlaying the standard chart over the TPO Profile
• Custom Session Time
• Volume Analysis Tools (Volume Profiles, VWAP)

 

Edited November 4, 2019 by Quantower