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Volume market profile - ThinkOrSwim platform only
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Volume market profile - ThinkOrSwim platform only

  #31 (permalink)
Trading Apprentice
St. Louis
Futures Experience: Beginner
Platform: thinkorswim
Favorite Futures: equity and fx futures and options
Leon of Pizza's Avatar
Posts: 29 since Sep 2013
Thanks: 6 given, 16 received

As of 11/3/16 thinkorswim's volume profile remains inaccurate. To see evidence of this - plot a profile and expand the price axis until the volume numbers appear. Then its revealed that they are plotting the same value for each price within a bar.


The 1 day aggregations are accurate enough for folks that trade areas rather than a specific tick. It seems that accuracy improves as the period is increased. I suppose this is due to an averaging effect because each error is confined to a bar's range and the errors become smaller relative to the increasing price range introduced as the period is increased. A 1m chart is more accurate than a 30m chart for the same period. Obviously, the "custom row height" setting is a ruse.

Customized aggregation periods are extremely limited. Specifying begin/end dates is not available. The 2 methods are: 1) use a single profile and set the period to chart, then adjust the chart period. Sometimes the period, or price range of interest can be gleaned. 2) set the period to day and bump up the multiplier. This function is broken and has been for years. To test it, step through the multiplier values and take a quick look at the result after each one. Method 1 is like a short-handled shovel and 2 should be avoided.

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  #32 (permalink)
Trading Apprentice
New York City
Futures Experience: Intermediate
Platform: TOS NinjaTrader ETrade
Favorite Futures: Gold GC,
Posts: 8 since May 2016
Thanks: 13 given, 2 received

WilleeMac View Post
I've brought this up before in another thread at thinkscripter (and here) and it's something that needs attention

Pull up a volume profile on a fast moving product (/6E) when news is out or an event etc

Set chart to today M1

Set study to ticksize, time per profile day, multiplier 1, on expansion no

Zoom in enough so that the chart will show you the volume numbers within each node

You will notice that several nodes above and below price are adding volume simultaneously

Because ToS receives their data in blocks (not true tick data) it causes the nodes to do this

I've brought this up to ToS at least twice w/ no definitive answer


P.S. I just did this on /ES M15 20 day and several nodes above and below price are adding volume - today here now

Thanks for this post. Do you know if TOS ever changed it from data blocks to true tick data ?


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  #33 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: NinjaTrader, Tradestation, Win98
Favorite Futures: 6E, ES, TF
Posts: 33 since Feb 2011
Thanks: 43 given, 27 received

Previous Day VPOC as Label

I'm trying to expose yesterday's vpoc as a label. I attached the indicator that I am using on a 3 minute chart. I inserted line 12, 14, and 27 to try and accomplish but have not had any luck. Hope someone can help. Thanks in advance.

thinkorswim Sharing

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  #34 (permalink)
Trading Apprentice
Los Angeles CA, USA
Futures Experience: Beginner
Platform: ThinkAndStuck, SC
Favorite Futures: CL, NQ, GC, ES
SkyChef's Avatar
Posts: 4 since Jan 2016
Thanks: 0 given, 0 received

If you want to use ToS monkey stuffs for market structure's information like where is the main value areas, support & resistance are then it's usable but you still need to rewrite the codes to split the date, time etc. Too much works w/ minimum rewards. It's better to use different platforms.

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