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Software for Market &Volume Profile
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Software for Market &Volume Profile

  #11 (permalink)
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Sierra Chart has built in Market Profile, and excellent volume profile capabilities as well. Investor R/T is probably the most popular and very feature-rich, but it's also quite a bit more expensive and does not have the trading capabilities that Sierra does. I have used both and go with Sierra. NT does not have any useful profiling built in and 3rd party tools are good but can be cumbersome. They all offer free trials, so I would recommend trying each one for 2 weeks; take the time to see what you like and what works for you, only you can decide.

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  #12 (permalink)
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MarketDelta has everything, plus trading capabilities with their Trader product. It is more expensive than Sierra, but most people would say it is also much easier to use and is the originator of most the tools.

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  #13 (permalink)
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Software for Market & Volume Profile


Josh,
Thanks for your input. Incidentally I recently downloaded a copy of Sierra Charts and agree that it does look quite powerful. Any recommendations in terms of what feed to go with? It seems several come at no cost from different brokers. But at the same time, the old adage "garbage in, garbage out" makes me consider paying $50 - $100 per month if the data is fast, accurate and has good backfill with a rich tick history for volume analysis. Your thoughts would be greatly appreciated.

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  #14 (permalink)
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Software for Market &Volume Profile

Mike,
Thanks much for the timely suggestion. They have some webinars next week so plan on checking it out. Hadn't heard of that platform before so appreciate your input.

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  #15 (permalink)
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drywater0 View Post
Josh,
Thanks for your input. Incidentally I recently downloaded a copy of Sierra Charts and agree that it does look quite powerful. Any recommendations in terms of what feed to go with? It seems several come at no cost from different brokers. But at the same time, the old adage "garbage in, garbage out" makes me consider paying $50 - $100 per month if the data is fast, accurate and has good backfill with a rich tick history for volume analysis. Your thoughts would be greatly appreciated.


@drywater0,

I have recently converted over to Sierra and am using Rithmic data feed. I am very happy with it and it is included for free if you go with Optimus Futures.. I am using Market Profile and Numbers bars.. Contact Matt at Optimus and he will give you a free trial with Rithmic.



Wolf

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  #16 (permalink)
Trading Apprentice
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Market Delta is gonna be pretty tough to beat for both volume and market profiling. Investor R/T is just as feature rich and more cost effective if you don't require footprint charting. They are the same aside form the footprint charting capability. Sierra Charts will accomplish some of what MD and IRT can do when it comes to profiling tools, although a bit more clumsily and without some key features in my opinion. However, depending on budget, SC is a lot of bang for the buck. I like iQfeed for data, but again, it depends on budget. You can spend around $40/mo for SC and use a broker feed, or $265/mo (give or take) with MD and iQfeed, with various mixed options falling in-between. I can't speak for Multl Charts, as I haven't used it.

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  #17 (permalink)
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Software for Market &Volume Profile

Wolf,
Thanks for the suggestion - I will look into that option. Does the Rithmic feed include US stocks, or is it limited to futures?

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  #18 (permalink)
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Software for Market & Volume Profile

Roach,
Appreciate your help. If you are a user of MarketDelta, can you comment on the ability to write custom indicators? Does it have something along the lines of TradeStation's Easy Language that can be used by a non-programmer?

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  #19 (permalink)
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drywater0 View Post
Wolf,
Thanks for the suggestion - I will look into that option. Does the Rithmic feed include US stocks, or is it limited to futures?

I am not sure........ Futures is all I use .... Matt at Optimus could answer though..

Wolf

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  #20 (permalink)
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Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
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Jim Dalton is using this tool to organize datas with market profile:
WindoTrader Corporation > Home

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