Indicators/Strategy using Time Price Opportunity (TPO) Profile Charts

permalink · February 15th, 2021, 02:49 PM

I am an experienced programmer looking to see if anyone has advice on which language/platform they would start a TPO based indicator/strategy in.

From my research, I have found the availability to program in C++, Java, or Python. I am fluent in all of them, but they come with their own ups and downs.

Python (InteractiveBroker API)

Python the fastest to develop with / get a prototype up and running, but from what I've heard on Sierra Charts Forums from the admins, Interactive brokers is not a reliable broker.

Python would also allow for easier backtesting of strategies.

C++ (Sierra Charts)

Their API has the most features.

C++ has Longer development times

Backtesting with Sierra Charts is a pain.

Java (MotiveWave)

Has a great SDK

Tools are a bit pricey.

If anyone has experience developing for any of these languages or platforms and has some advice on which direction they would go I would appreciate it.

permalink · February 21st, 2021, 03:33 PM

Hi endhotes,

First : I'm definetly not a programmer.
I have been trading thousands of round turns futures with Interactive Brokers for 20 years : absolutely reliable broker.
However it's true their feed is really suboptimal.
I use Sierra Chart for charting/trading: I found their Market Profile tools (TPO and Volume Profile) really good. Their Denali feed is fine.
For what it's worth, Investiquant offers basic TPO strategy backtesting (1:18):

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Indicators/Strategy using Time Price Opportunity (TPO) Profile Charts

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Indicators/Strategy using Time Price Opportunity (TPO) Profile Charts