Market/Volume Profile Indicator on Tradestation

[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 ?

[Tams]

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.

[agon]

Thank you for your answer. I used all the free versions available. None of them works properly.

[Tams]

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.

[agon]

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.

[Tams]

EasyLanguage is not a good platform for MP.

If MP is your main strategy, you should consider a dedicated platform.

[Tams]

MP Vs. Ensign's Price Histogram
http://www.traderslaboratory.com/for...gram-3341.html

[BlowFish]

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?

[Crazynasdaq]

Originally Posted by BlowFish 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?

Hi BlowFish,
I've read many of your posts in "Trading with market statistic" from Jperl, Volume splitter and others, and I use every day your stuff.......very cool and good stuff.
I'm not very good with easylanguage, only simple things, so when I've read your post that you can create a Volume histogram simply modifying and looping the PVP indicator used for the VWAP + PVP using ADE, I've decided to write you about this.
I use Multicharts and tradestation (better Multicharts than TS), so if you could help me in coding the entire Volume histogram using tick chart and ADE, I will thank you all the life......and I post all the charts or all what your code display here
Sorry for my not good english, but I'm italian and not very good in english writing.
Thanks and Regrads

CraZyNasdaQ

[BlowFish]

Hi Crazy thanks for the kind words. it is a fairly straightforward task but would still require a fair amount of work. All the information you have is there it's already in the array. It's simply a matter of displaying it. That is not really hard just a bit fiddly. At the moment I don't really have the time to undertake it.