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Any good free Volume Profile indicators for NinjaTrader 8?
Sorry friend. Why are you not prepared to spend $379.00 on a volume profile indicator?
Volume Profile indicators are specialized in that they should be built from tick data. If you do find a free one (I have not seen any) I doubt this would be the case.
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- Trade what you see. Invest in what you believe -
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Since you are also showing Sierra Chart in your profile:
What's wrong or missing with their volume, TPO, etc profiles?
The question might sound naive, but the SC standard profiles provide more functionality than many
NT add-ons - at fractions of these NT indi's costs ... or is the basic problem cost of tick data?
As an NT8 user, I do not use Sierra Chart but I know its built in VP is pretty useful. You just have to set it up with what you want to see.
I don't know any NT8 add-ons that have less than what Sierra Chart offers, unless you are talking about one particular vendor whom has split out the core functions of VP across 5 purchasable indicators. That is a bit brazen if you ask me.
I am not sure why @MiiMeldon specifically asked for NT8. As far as I know, free VP indicators from NT8 (that build from tick data) do not exist.
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- Trade what you see. Invest in what you believe -
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I've never purchased but I did use it for the trial period. I moved away from NT so never got a paid license for it.
Other then that, if your looking for volume profile indicators and tools for free, it might pay you to check out Sierra Charts ( Description of Service Packages and Pricing - Sierra Chart ). Their top package is $36/mth and you get a 2% discount per month if you keep your license active month to month (Just checked and from Oct 1 this will now be 1.5% per month). Caped at 36%.
Most things can be done with SC "out of the box" with a little digging in the documentation. Heaps of stuff is standard whereas with NT you have to buy this and that indicator/system and still only get partial functionality that SC has.
If your not willing to spend the money on NT to fill in the functionality gaps, SC might be worth a look.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
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Unfortunately an advantage in this industry is money. Developers and vendors data providers and exchanges know this and recognize through the use of their goods or services revenue can be generated. An advantage in the National Basketball Association is height. In gymnastics being short has an advantage. In Sumo wrestling being very heavy, over weight, is an advantage but it's not in professional soccer.
Every endeavor has qualities that lend themselves to success in that field. It doesn't mean it can't be done if you don't have these qualities. It just means it will be that much harder for you than the next guy who does.
It's easier to succeed in trading with a lot of capital. So finding quality Volume Profiling tools for free in trading, well you get what you pay for...so in this case nothing. That being said the Elite membership here at FIO is hands down the best deal in this trading industry ....Period The End. And we all owe it to @Big Mike.
Ron
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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ALTOGoMP found here for free at FIO is Volume profile. Better than all the VP I had seen so far. Many good trading rooms use it. Just wait for the conversion to NT8
Is there a specific feature you want? The default Volume Profile indicator that comes with NT8 doesn't do much, but it does show us everything we need to know to make our own volume profile based indicators. Obviously I doubt we can duplicate or replace a full commercial package, but if there's a specific tool you need for your trading we might be able to come up with a new tool to help.
