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.

ckait

Market profile software

Recommended Posts

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

: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 by asiatrader98

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites
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.

5aa70e393955e_TPO2008-02-03_130831.thumb.png.96c4582c3502a0a10108e30849277d19.png

5aa70e393e6b4_TPOSuricomp2008-02-03_135942.thumb.png.bc2895141743736e6632b69c9a9b1684.png

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites

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)
proxy.php?image=https%3A%2F%2Fwww.quanto

 

proxy.php?image=https%3A%2F%2Fwww.quanto


proxy.php?image=https%3A%2F%2Fwww.quanto


proxy.php?image=https%3A%2F%2Fwww.quanto

Edited by Quantower

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

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

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