Final (financial Algorithms) Market Profile for Ninjatrader

[dalby 10]

Hello,

 

First and foremost I believe in reducing costs. Heck, when I started out buying mutual funds (20 yrs ago), I listened to my frugal grandfather's advice and went with Vanguard.

 

I have used Linnsoft's MP program and it is excellent. However, I simply refuse to pay monthly to use a program. Call me old skool, but I want to buy a program and own it, not rent it and certainly not at $60 a month.

 

I currently use Quotetracker, TOS, TD Ameritrade, and IB. Most of my charting is through the first two. TOS' Market Profile indicator sux.

 

With that in mind, has anybody used FINAL's MP program. I see it is $249 one time cost and works as an add-on for Ninjatrader. I have never used either, but since NT is free, and FINAL's MP is a one-time cost, it seems the way to go. I realize I can download a trial version of the MP program. I am just soliciting reviews from people who have used it. Good? Bad?

 

Any other options for MP that work with any of the above data vendors and don't require a monthly subscription a la linnsoft?

 

tia

Dalby

[NinexTim 10]

Dalby, I just purchased the TPO Chart (Market Profile) last week. I did the trial and it did exactly what I wanted, so I paid the $249. I agree with you that reducing costs is key and paying for indicators is not something I usually do. If I can't write or find a free ThinkScript or NinjaScript, I probably don't need it. That said, I am willing to pay someone if their product works and is what I need. Like you said, the profile in ToS sucks and I tried some that were posted in the Ninja forum, but they just were not what I was looking for.

They also have a footprint chart, Market Balance. I'm doing the trial of it right now. You can't just buy it, it's a monthly fee. I'd rather just buy it outright, but if it works to identify trades, I'll probably pay the monthly fee.

So, back to your original question. In my opinion, TPO Chart from fin-alg is worth it.

 

Thanks, Tim

[Mark Tabor 10]

first I've heard of Final MP, will have to take a look. have seen MP in tradestation, didn't care for it, aesthetically. Linnsoft is a beauty + Chad (support is top notch). $60/mo., if the tool works, is cheap, imo.