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Old 07-09-2009, 10:14 AM   #1

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Market/Volume Profile Indicator on Tradestation

Why is it so difficult to find a Market or/and a Volume Profile Indicator free and really works on Tradestation ?
Is it a limitation of the Easy language or a political problem ?
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Old 07-09-2009, 10:35 AM   #2

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Re: Market/Volume Profile Indicator on Tradestation

Quote:
Originally Posted by agon »
Why is it so difficult to find a Market or/and a Volume Profile Indicator free and really works on Tradestation ?
Is it a limitation of the Easy language or a political problem ?

--> Limitation of the Easy language

More precisely, the limited ability to manage a database.



There are free versions posted here, therefore politics is not an issue.
The paid versions come with a proprietary database add-on.

Last edited by Tams; 07-09-2009 at 10:45 AM.
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Old 07-09-2009, 10:51 AM   #3

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Re: Market/Volume Profile Indicator on Tradestation

Thank you for your answer. I used all the free versions available. None of them works properly.
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Old 07-09-2009, 10:54 AM   #4

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Re: Market/Volume Profile Indicator on Tradestation

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Originally Posted by agon »
Thank you for your answer. I used all the free versions available. None of them works properly.

to further learning, may I suggest:

1. you can post the links to the ones you have tried, so that others can test the same.

2. post your usage experience: pros, cons, strengths, weaknesses, etc.,

if you share your findings, others will chime in... and we can learn from each other.



maybe they all work... all you need is a little tweaking.

Last edited by Tams; 07-09-2009 at 11:07 AM.
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Old 07-09-2009, 11:11 AM   #5

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Re: Market/Volume Profile Indicator on Tradestation

The only one that works properly is here :

"TPO Pro5.0b.zip"
http://www.traderslaboratory.com/for...-eld-3198.html

but it is not very readable.

For my part, I look rather a Volume Profile like "Ensign one" on Tradestation, the TPO are not useful for me.
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Old 07-09-2009, 11:23 AM   #6

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Re: Market/Volume Profile Indicator on Tradestation

EasyLanguage is not a good platform for MP.

If MP is your main strategy, you should consider a dedicated platform.
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Old 07-09-2009, 12:40 PM   #7

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Re: Market/Volume Profile Indicator on Tradestation

MP Vs. Ensign's Price Histogram
http://www.traderslaboratory.com/for...gram-3341.html
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Old 07-09-2009, 02:52 PM   #8

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Re: Market/Volume Profile Indicator on Tradestation

Quote:
Originally Posted by Tams »
--> Limitation of the Easy language

More precisely, the limited ability to manage a database.



There are free versions posted here, therefore politics is not an issue.
The paid versions come with a proprietary database add-on.
It dosen't really need a database if you are prepared to average the volume in a bar across the prices between low and high. This is how most (if not all packages do it)

FinAlgs package for Ninja does this and it is excellent and supports both volume and time profiles. Atrader is an interesting little program too.

I wrote half the code for a volume profile in tradestation for Jperls PVP. This stores volume at each price level in an array. It only displays the peak volume. All it would require to display a histogram would be to loop through the array to display each element. I might be prepared to part with the code if anyone is up for doing the display stuff?
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