Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

dmcst

Market Profile Indicators

Recommended Posts

This topic has been posted over and over again in the Tradestation support forums and there just isn't anything good at doing it precisely like the market profile books depict.

 

Personally, I use the 'Matrix' window in Tradestation for the volume distribution and combine it with a 30-min chart to get the overall visual impression. I never liked the letters much anyway -- it is not intuitive to me to look at letters --- I find myself always trying to rebuild the letters into what the intraday chart would look like. The 'profile shape' is the volume distribution anyway (in Matrix)... just can't chart it over many days -- that is the bummer.

 

To me it isn't crucial, I think Market Profile is for 'context' much more than anything like a normal 'indicator'... just my opinion.

Share this post


Link to post
Share on other sites
This topic has been posted over and over again in the Tradestation support forums and there just isn't anything good at doing it precisely like the market profile books depict.

 

Personally, I use the 'Matrix' window in Tradestation for the volume distribution and combine it with a 30-min chart to get the overall visual impression. I never liked the letters much anyway -- it is not intuitive to me to look at letters --- I find myself always trying to rebuild the letters into what the intraday chart would look like. The 'profile shape' is the volume distribution anyway (in Matrix)... just can't chart it over many days -- that is the bummer.

 

To me it isn't crucial, I think Market Profile is for 'context' much more than anything like a normal 'indicator'... just my opinion.

 

I totally agree...it isn't an exact science, so I don't see how it would matter one way or another as long as you have reasonable reliable context and price/time/volume data to work with.

Share this post


Link to post
Share on other sites
I am a Tradestation user!

Thanks

Mark

 

Tradestation is really cr*p for MP. All but one of the sMP solutions do not have the functionality of easily splitting and merging profiles and showing volume profiles (which to me is critical to using MP for trading). The one "good" one is a bit clunky and is expensive- http://www.sirtrade.com/market.htm

 

The best TS solution I know of is to use the TS data into Ninjatrader which is FREE if you only use it to chart and to buy the MP add-on for about $250 one time cost.

Share this post


Link to post
Share on other sites

wow that sirtrade MP is incredible but good lord that price is absurd.

Is the CBOT fee the reason why tradestation doesn't have much going on for market profile? It just doesn't seem like it can be that hard to code up to get the basic profile.

Share this post


Link to post
Share on other sites
wow that sirtrade MP is incredible but good lord that price is absurd.

Is the CBOT fee the reason why tradestation doesn't have much going on for market profile? It just doesn't seem like it can be that hard to code up to get the basic profile.

 

Yeah you're right...I think $250 (for Ninjatrader MP) is a little overboard...I am sure coding it is really no different than any other indicator. lol

Share this post


Link to post
Share on other sites

well compared to Sirtrade at 400 euros a year and 7 bucks a month CBOT fee that Ninja plugin looks like real a bargain. I think 250 is a fair price for that that does, it looks pretty too.

 

thanks for that waveslider, I will check that out.

Share this post


Link to post
Share on other sites
Try this one, you have to fool around with the fonts of the letters and zoom in here and there.

 

I used it on 5min Chart, I got error message "array bounds"

Could you tell me what wrong with my settting, I used default setting.

 

Thanks

 

B_cerk

Share this post


Link to post
Share on other sites
Does anyone know of a current Market Profile indicator for TradeStation, fee-based or otherwise?

 

 

This response is quite late, but I recently purchased a market profile indicator from don disharoon, email is dondish@erols.net

 

It neatly plots market profile using day session data only and includes a side indicator showing the developing value area high/low/poc on minute bars. I believe he offers a one week free trial. FYI: You cannot merge days nor does the indicator work on overnight sessions, but his price is very fair.

Share this post


Link to post
Share on other sites
This response is quite late, but I recently purchased a market profile indicator from don disharoon, email is dondish@erols.net

 

It neatly plots market profile using day session data only and includes a side indicator showing the developing value area high/low/poc on minute bars. I believe he offers a one week free trial. FYI: You cannot merge days nor does the indicator work on overnight sessions, but his price is very fair.

 

What is the exact price that he charges for his indicator ? does it work's well in Tradestation 8.2 ? :confused:

Share this post


Link to post
Share on other sites
What is the exact price that he charges for his indicator ? does it work's well in Tradestation 8.2 ? :confused:

 

 

E-mail Don and ask for price.

 

I have run the indicators in both TS 8.2 and 8.3 without a problem

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, watch for a top of range breakout at https://stockconsultant.com/?NFLX
    • SMCI Super Micro Computer stock watch, attempting to move higher off the 34.06 support area at https://stockconsultant.com/?SMCI        
    • UPST Upstart stock watch, pull back to 68.15 gap support area at https://stockconsultant.com/?UPST  
    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.