[dmcst]

I have been digging around for more market profile information and I ran across these links. I like the way these people can put volume bars on their charts. Is there an indicator like this available that someone has created?

http://www.surinotes.com/tradestatio...m?ARTICLENUM=2

http://www.1st-tradingtools.com/


Mark

[Z_trade]

Dmcst

eSignal -> under the file share, EFS studies, look for price profile and volume profile.

[dmcst]

I am a tradestation user!
Thanks
Mark

[Dogpile]

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.

[Reaver]

Originally Posted by Dogpile »

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.

[momentom]

Originally Posted by dmcst »

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.

[darthtrader]

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.

[waveslider]

Try this one, you have to fool around with the fonts of the letters and zoom in here and there.