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Volume Profile - Tradestation


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Volume Profile - Tradestation

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  #1 (permalink)
 paps 
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Hi folks have searched thru the forums. Any pointers to volume profile for tradestation.

Curious to know if you using volume profile on tradestation....other than TPOs. Are you using Vol profile + TPO?....if so any pointers?

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 Big Mike 
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paps View Post
Hi folks have searched thru the forums. Any pointers to volume profile for tradestation.

Curious to know if you using volume profile on tradestation....other than TPOs. Are you using Vol profile + TPO?....if so any pointers?

I don't know what you mean by "any pointers". If you mean do they support it and where can you download an indicator, I have no idea but would guess they do not offer it built-in. There is probably a third party add-on, but based on my understanding of TradeStation, it will be minute level accuracy at best and not tick by tick. But I really do not know as I don't use and never have used TradeStation, I only learn from what I read.

If you want to really be a Profile trader, you will need to use the proper tools.

If you want general advice on using Profile, on any platform, here is the main thread:



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 paps 
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Hi Thanks Mike. Real good info there. Yes, sadly it mean's I may need to change tools. Since most of my data and indicators is on tradestation it is a little hard. Will probably use Market Delta moving ahead in the year. Will however post my observations & thoughts in the thread you posted as I get more familiar with volume profile.

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 Big Mike 
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paps View Post
Hi Thanks Mike. Real good info there. Yes, sadly it mean's I may need to change tools. Since most of my data and indicators is on tradestation it is a little hard. Will probably use Market Delta moving ahead in the year. Will however post my observations & thoughts in the thread you posted as I get more familiar with volume profile.

NinjaTrader has it thru third party add-ons which are available free here to Elite members. Sierra Chart has it built-in. MarketDelta has it built-in. Those are good places to start.

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 ericbrown 
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@paps - Solidus has volume profile indicator on the TS Community that is OK but nothing like a 'real' VP system.

I use Tradestation regularly but have recently been using Sierra Chart for Volume Profile studies. It isn't ideal to have 2 different platforms but it has been working OK so far.

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 paps 
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Hi Eric...thanks. I did check out the TS forums. Well am planning on Market Delta sometime next year due to ease of use. Till then will use TS....will post some charts on the MP/Vol profile thread.

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 teagueAMX 
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Hi Paps

Like Big Mike, I'm not exactly clear what you need for pointers. But I think the answer to your question is it can do what you want.

TradeStation has tick level data and I'm sure you can add an Analysis Technique to your charts. I trade FX so I'm not an expert on on equities, futures, options etc, but I believe volume data is part of the data feed. The only one that doesn't have it is forex and I've been able to simulate that by using Tick Count in my charts.

I've included a couple of images for you to look at. The first one is the menu you would use to insert an indicator (sometimes called an analysis technique) into your chart. The other is the list of built-in volume indicators that you select from, and those can be tweaked. I'm not an absolute expert in TradeStation or EasyLanguage but I'm working with the package. Let me know if I got close to answering your question.

Cheers


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 paps 
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should have made it a little clearer. was asking if folks were using volume profile in tradestation.

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 teagueAMX 
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paps View Post
should have made it a little clearer. was asking if folks were using volume profile in tradestation.

I'm sure that possible. If you haven't done so already, you might check out the TradeStation forum.

I've seen that type of volume profiling but I think it confuses is more than helps, but I hope it works good for you.

Cheers

.

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 paps 
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thats my workspace. cheers.

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 arnie 
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paps View Post
...Since most of my data and indicators is on tradestation...

Have you ever looked at Multicharts?

They are now offering volume profile capabilities (built in), and they are Easy Language compatible.
If you decide to have a trial at this moment, you need to download the version 8.5 beta 2 to work with volume profile.
Final version will be released in a couple of weeks.

Regards.

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 paps 
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Thanks for the info...for the moment have managed to get TPO/Vol Prof working on TS.

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Rock Sexton
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paps View Post
should have made it a little clearer. was asking if folks were using volume profile in tradestation.

How did you get the volume profile to look like that on TS? I can't figure it out.

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 paps 
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Hi...sorry somehow missed your post & hence the delay in posting back. I am running custom indicators for VP on Tradestation. Building composites are maybe not as simple like IRT & Market Delta. But then most of my stuff presently resides on Tradestation....& I am able to pull out 1m/5m/daily charts of ES & Bank & few others which serves my purpose in trying to learn how VP works.

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 rolcol 
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Here's the layout I use on Tradestation for Volume Profile. The window on the left is a micro-composite view in the $ES templating the swing from 2/26/2013 thru 3/11/2013. The lines are drawn by hand and indicate the following: yellow = NVPOC, red = LVN, green = HVN. The software package is a 3rd party add-on that I purchased for around $200 from Don Disharoon who can be contacted at dondish@comcast.net.

The two windows on the right are daily profiles (top window is pit session, bottom window is night session)
that can easily be set up withing Tradestation. Here's a Youtube link that explains how to do that: How To Set Up TradeStation Volume Profile Charts (tutorial by EminiPlayer) - YouTube


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 rjnebay 
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Just wanted to add to this thread that Harvey Rosenblum has recently started to develop some profiling tools for Tradestation. He is making a deliberate effort to improve and update them regularly. They are paid indicators but they are reliable...Rj

https://tradestation.tradingappstore.com/products/MarketProfileCombinationPack
https://tradestation.tradingappstore.com/developers/HarveyRosenblum

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 ChrisTinaBruce 
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rjnebay View Post
Just wanted to add to this thread that Harvey Rosenblum has recently started to develop some profiling tools for Tradestation. He is making a deliberate effort to improve and update them regularly. They are paid indicators but they are reliable...Rj

https://tradestation.tradingappstore.com/products/MarketProfileCombinationPack
https://tradestation.tradingappstore.com/developers/HarveyRosenblum

I have been using this app for about a month now and overall very happy with the results.

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