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Volume market profile - ThinkOrSwim platform only


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Volume market profile - ThinkOrSwim platform only

  #21 (permalink)
 haljordan 
LA, CA USA
 
Experience: Intermediate
Platform: ToS, SC, Jigsaw
Trading: Index and Energy Futures, Forex, Options
Posts: 53 since May 2014
Thanks Given: 18
Thanks Received: 14


DarkPoolTrading View Post
Thanks @haljordan

In the end I have decided to use Sierra for both my swing trading alongside my existing intraday trading. The volume profile capabilities of TOS are unfortunately not adequate for my needs.

However I am planning on opening my swing trading account with TD Ameritrade, so ill use Sierra primarily but it will be nice to have TOS as a back up since they offer it free. TOS has some nice analytics which ill dig into.

TOS is certainly a powerful platform with a lot of great features, so im certainly not knocking it. Their focus is simply not on profiling capabilities which I rely on heavily.

my pleasure...i was thinking about getting the IRT but being a part timer, i can't justify the 85 per month + 15 for backfill expense. if i were ever to change to full time trading, i'd definitely go with IRT.

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  #22 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
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haljordan View Post
tos data is aggregated where FT is using DTN IQFeed tick by tick data...hence the discrepancy.

Please let me know what I said earlier

-Bill

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  #23 (permalink)
 growex 
Trubchevsk
 
Experience: Beginner
Platform: tos
Trading: stocks
Posts: 61 since May 2011
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TOS volume profile can be used just to check the shape of the profile and to mark important areas....But to use volume profile with precision like FT71 does, you absolutely have to use another platform and datafeed...

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  #24 (permalink)
 haljordan 
LA, CA USA
 
Experience: Intermediate
Platform: ToS, SC, Jigsaw
Trading: Index and Energy Futures, Forex, Options
Posts: 53 since May 2014
Thanks Given: 18
Thanks Received: 14


WilleeMac View Post
Monkey Bars the study will allow you to also use candles/ bars etc

The study vs the chart type has more options

Also, if you are wanting to use Volume Profile - do not trust it. TOS does not have true tick data, they receive it in blocks

The nodes are not even close to being accurate at any setting

-Bill

i respectfully disagree. yes ToS data is aggregated and there is certainly a discrepancy. although it is not exceedingly bad. i use ToS volume profiling on a regular basis with decent accuracy. i am usually off by a tick or two with FT's levels. and i watch his trader bites 99% of the time and in the process of moving my account to S5.

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  #25 (permalink)
 haljordan 
LA, CA USA
 
Experience: Intermediate
Platform: ToS, SC, Jigsaw
Trading: Index and Energy Futures, Forex, Options
Posts: 53 since May 2014
Thanks Given: 18
Thanks Received: 14


WilleeMac View Post
Please let me know what I said earlier

-Bill

"I'm not trying to be an ass,,,,

Compare ToS volume profile to @FuturesTrader71 /ES M15 during his morning trader bite

ToS is not accurate

-Bill"

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  #26 (permalink)
eminikelvin
Singapore
 
Posts: 11 since Feb 2014
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ToS is not good for volume profile. Their data is filtered also, so in any case it won't be accurate.

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  #27 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617

Something that I've noticed esp here recently

ToS total daily volume is not even close to what the CME reports

-Bill

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  #28 (permalink)
TreeDr
Brisbane Australia
 
Posts: 4 since Dec 2014
Thanks Given: 1
Thanks Received: 1

Are there any providers of free intraday es market profiles? I have the free volume zones indicator for NT. Are there alternatives? Thanks...

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  #29 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Developer
Swing Trader
 
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Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
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TreeDr View Post
Are there any providers of free intraday es market profiles? I have the free volume zones indicator for NT. Are there alternatives? Thanks...

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  #30 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617


ToS Volume Profile, Time Profile, Market Profile (Monkey Bars)

Show today

At 0100amET all profiles were reset

So I went and set it to 1 day M1

WTF do I want Friday on my screen for given the above parameters?

-Bill

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