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.

agon

Market/Volume Profile Indicator on Tradestation

Recommended Posts

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 ?

Share this post


Link to post
Share on other sites
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.

Edited by Tams

Share this post


Link to post
Share on other sites
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.

Edited by Tams

Share this post


Link to post
Share on other sites
--> 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?

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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.

 

Thanks a lot again BlowFish.

I'll try to make it on my own and if I reach a good target, I'll post it here for everybody, in honor of your work.

 

Thanks again

Share this post


Link to post
Share on other sites
hi

crazynasdaq ->Tick Data Processing

 

if i've understood well you take free stuff and after sell them ??? mmmhhh

 

Hi Shrike,

You have not understood well. I've made a packet of indicators and then I lease them, but only those that I've made myself like the Volume Profile, the Volume Control Panel, the Volume Force index, The Volume Pressure, the Volume acceleration and others little but useful stuff. The others, the ones that everyone can find on the web is free, so you did not understand well. I'm sorry, but you are wrong.

 

CrazyNasdaq

Share this post


Link to post
Share on other sites

I have used a modified version of TPO Pro6.0b on a volume and time chart to get a pretty good market profile going. It even shows the developing VAH, VAL and POC. What I'm looking for however is an indicator that can give me the MP of the week and not just the day or intraday. I want the volume distribution of the entire week, not each day separately. Does anyone know if this has been done on TS or MultiCharts?

 

Thanks

 

Z

Share this post


Link to post
Share on other sites
I have used a modified version of TPO Pro6.0b on a volume and time chart to get a pretty good market profile going. It even shows the developing VAH, VAL and POC. What I'm looking for however is an indicator that can give me the MP of the week and not just the day or intraday. I want the volume distribution of the entire week, not each day separately. Does anyone know if this has been done on TS or MultiCharts?

 

Thanks

 

Z

 

Hi Zardoz, maybe I know how to modify it to build a weekly Voume profile or a monthly or custom, because I've already done with the PVP indicator of DBntina and Blowfish.

But you should share with us your code if you would like to recieve some support, considering that you have posted this request in a thread where we are trying to build a daily volume profile.

 

CrazyNasdaq

Share this post


Link to post
Share on other sites

Thanks garp and Crazynas for replying. This was probably not the correct thread to make this inquiry. As for posting the code TPO Pro6.0b, it is pretty much the same as TPO Pro5 and that has been posted to Traders Lab a few times already. If one can't change that to a weekly or multi day profile then it can't be done to TPO Pro6 either. I have some coding experience i.e I created all of Dr Elder's indicators for myself but the TPO is complicated and because I don't know all the limitations of TS or MCharts I don't even know if a weekly MP is possible. Before I spend many days (spent a few hours already) going through the code I would like to know that it is at least possible.

 

The TPO Pro 5 can be easily modified to show developing POC and Value areas even if you don't understand 80% of the code.

 

I went to that site garp and even there it was not clear to me whether or not they can do multi day compressed MP.

 

 

 

Z

Share this post


Link to post
Share on other sites
Thanks garp and Crazynas for replying. This was probably not the correct thread to make this inquiry. As for posting the code TPO Pro6.0b, it is pretty much the same as TPO Pro5 and that has been posted to Traders Lab a few times already. If one can't change that to a weekly or multi day profile then it can't be done to TPO Pro6 either. I have some coding experience i.e I created all of Dr Elder's indicators for myself but the TPO is complicated and because I don't know all the limitations of TS or MCharts I don't even know if a weekly MP is possible. Before I spend many days (spent a few hours already) going through the code I would like to know that it is at least possible.

 

The TPO Pro 5 can be easily modified to show developing POC and Value areas even if you don't understand 80% of the code.

 

I went to that site garp and even there it was not clear to me whether or not they can do multi day compressed MP.

 

 

 

Z

How do you convert TPO to Volume profile ?

Which part of the code ?

If you share with us some informations, maybe we can help each other .

Share this post


Link to post
Share on other sites

I did not convert the TPO to Volume. What I do is put the TPO on a vol bar chart. The more vol there is at any price the more bars are created and counted. The results match up very well with the e-signals.

 

The TPO ELD gives you the 70% (value Area) and the POC so if you put it on a vol bar chart you get these values for volume. Lower the vol per bar more accurate the results.

 

The magenta lines in the second pic show the developing VAH/L. The dotted magenta line shows POC.

 

Z

5aa70f6d85b0d_AMP9.jpg.a5ad1260ba619d27f6681bcb66363190.jpg

5aa70f6d8ba48_AMP10.jpg.4af9ff8a74f2069284eb6e51e4deb473.jpg

Edited by zardoz
added pics

Share this post


Link to post
Share on other sites
I went to that site garp and even there it was not clear to me whether or not they can do multi day compressed MP.

 

 

 

Z

 

Yes, it plots weekly and monthly VP and MP.

Share this post


Link to post
Share on other sites

Hi Guys,

 

Very Interesting discussion, I have a TS market profile indicator that also do volume profile. It gives accurate VAH POC and VAL.

It allows Long term profiles so You can apply it almost every timeframe including the weekly .The code is open . I can share it against another MP/VP indicator. If any interest reply to me her here or by PM and show me a screenshot of what you want to share.

 

Have a good trading day everyone.

 

FT

Share this post


Link to post
Share on other sites

Hi Zardoz:

 

Could you please help me better understand how you set up the volume histogram? I do have TPO Pro5 but from there I don't know how to show a single vertical (not horizontal) volume histogram such as the one you showed in the attachment.

 

Does TPO Pro6.0b do that? If so, where can I find it? I've tried to locate it but no success

 

Thanks!

Share this post


Link to post
Share on other sites

TPO Pro 5 should be able to do it. What I did was make a new indicator and then codied the code from TPO into it. So I had two copies of the same thing. Then I could experiment with code changes without messing up the original. For the Volume histogram I got rid of the letters in the code "ABCDEF.......... " and replaced them with *=*=*= . Then for the inputs I used 0.25 for compress and 15 for len.

 

Z

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

    • Reply to this topic... Skim these - if you can https://www.oftwominds.com/blogmay20/globalization-dead5-20.html https://www.oftwominds.com/blogmay20/cycles5-20.html https://www.oftwominds.com/blogmay20/opt-out5-20.html https://www.oftwominds.com/blogmay20/tinas-orgy5-20.html https://www.oftwominds.com/blogmay20/stocks-fragility5-20.html and if you’re still strong and not  burnt out https://www.oftwominds.com/blogmay20/demand5-20.html https://www.oftwominds.com/blogmay20/social-media-plantation5-20.html
    • Open a new NinjaTrader Brokerage account by June 30th and SAVE on a Lifetime license with a discounted price of only $999! Along with access to the most powerful version of NinjaTrader, you will save even more with deep discount commissions at $.09 per Micro futures contract & only $50 margins. Your Lifetime license includes ALL of NinjaTrader’s premium features: Award-winning order entry including Chart Trader & OCO orders Order Flow + tool set featuring the Volume Profile Indicator – NinjaTrader’s most powerful indicator to date ATM Strategies, advanced Alerting system, auto-close positions for additional risk management & more PLUS all future NinjaTrader platform enhancements are included at no additional charge – for life! Simply fund your new account with the minimum of $400 by June 30th to lock in your savings. Questions? Contact us at 312.262.1289 or brokeragesales@ninjatrader.com. Platform License Discount Requirements: Account must be opened & funded in June 2020 with $400 minimum Discount is applicable to software purchase only 2nd accounts for current NinjaTrader Brokerage account owners are not eligible for platform discounts Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • Date : 01st June 2020. Events to Look Out for This Week.Geopolitics are back in the picture giving the markets pause and adding another layer of uncertainty to a shaky global outlook. However other than US-China tension, next week the global data dockets are heavy and results are likely to underscore the cratering in global economies this quarter. The calendar includes the US Jobs Report and Monetary policy meeting from RBA, BOC and ECB.Monday – 01 June 2020 Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to slightly improve to 49.6 from 49.4 in May. ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to slip to 40.0 in May from 41.5 in April, compared to a recession-low of 34.5 in December of 2008. Tuesday – 02 June 2020   Interest Rate Decision & Statement (RBA, GMT 04:30) – The RBA meet and are unlikely to move rates below historic lows at 0.25%, as RBA Gov. Lowe is his recent statement repeated that negative interest rates extraordinarily unlikely. RBA will maintain its expansionary monetary policies until progress is made towards full employment and we are confident on inflation . Wednesday – 03 June 2020   Gross Domestic Product (AUD, GMT 01:30) – GDP is the economy’s most important figure. Q1’s GDP is expected to slow down at 0.3% q/q and 1.9% y/y. Unemployment data (EUR, GMT 07:55-09:00) – The German unemployment rate in May is expected to have increased to 6.2% from 5.8%, while unemployment change is expected to have declined to 194K from April’s 373K. Meanwhile, Eurozone’s April unemployment rate should rise to 7.7% from 7.4% last month. ADP Employment Change (USD, GMT 12:15) – Lasts month, ADP report revealed a -20,236k April drop that undershot the -19,520k private payroll decline by -716k. For May a -9,000k drop is seen, since nearly all measures of activity rose in May from a trough. ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to rise to 46.0 from 41.8 in April. Most producer sentiment reports should show May rebounds after huge April declines due to mandatory closures, on top of the demand hit initially associated with the pandemic, and the oil price plunge with the OPEC price war, as re-openings are underway in most states. The April drop in the ISM survey was much smaller than the declines seen in other measures, however, and this is why we expect a further drop in May for that measure. Interest Rate Decision and Monetary Policy Statement (CAD, GMT 14:00) – On April 15, the Bank held rates steady at 0.25%, matching widespread expectations. In the next policy statement, the BoC is expected to leave rates unchanged, the Bank of Canada Governor Poloz said is his last interview that negative rates are needed only in extreme conditions. Thursday – 04 June 2020   Interest Rate Decision, Monetary Policy Statement and Press Conference (EUR, GMT 11:45 & 12:30) – Given that Lagarde buried any hope of a “mild” recession, the stage seems set for an extension of the PEPP program in size and duration at next week’s council meeting with an end date next year giving the economy more time to recover and EU aid programs to come into effect. Given that the ECB is no longer putting much hope in a quick recovery it is already clear that with the current time frame until the end of December that would risk a sharp widening of spreads in the second half of the year, when there is also the risk of a second wave of Covid-19 infections. Jobless Claims (USD, GMT 12:30)– US initial jobless claims contracted last week by -323k to 2,123k in the week ended May 23 after tumbling -241k to 2,446k previously. Claims have been declining since surging to 6,867k in the March 27 week. Friday – 05 June 2020   Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) – A -2,200k May nonfarm payroll drop is anticipated, following a -20,527 April collapse, and a -701k drop in March. The jobless rate should rise to 17.5% from 14.7% from April, versus 4.4% in March. Nearly all measures of activity rose in May from a trough just after the April BLS survey week, but the initial and continuing claims data suggest a weaker labor market in mid-May than mid-April. Average hourly earnings are assumed to fall -1.0% with a partial unwind of the April distortion from layoffs being concentrated in low-wage categories. This would translate to a drop in the y/y gain to 6.6% from 7.9%. Labour Market Data (CAD, GMT 12:30) – Canada employment plunged -1993.8k in April, nearly doubling the -1010.7k tumble in March to leave a massive and rapid reversal in the labour market as firms cut jobs as most of the economy ceased to function amid the stay at home orders the began around the middle of March. For May employment should revealed a 4,000k drop in jobs, doubling again last months number. B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business.[/B]Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex 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. Andria Pichidi Market Analyst HotForex 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.
    • Moar questions how many corps in the SP500, NQ100, etc indexes are "rolling in revenue"?  ie they have more revenue than they did 6 months ago ??  thx.  just askin'       Weekend reading https://consentfactory.org/2020/05/20/brave-new-normal-part-2/   https://www.oftwominds.com/blogmay20/demand5-20.html
    • When you learn all fundamentals about trading, then you can move towards successful trading, but still unsure about profit.
×
×
  • Create New...

Important Information

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