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Volume profile tool that shows high & low nodes


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Volume profile tool that shows high & low nodes

  #1 (permalink)
 iq200 
London, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
Posts: 407 since Jun 2010
Thanks Given: 145
Thanks Received: 278

Hi,
I was looking for a tool/indicator in Ninjatrader that allows the volume profile AND the high and low volume nodes of the volume profile for a select-able period of data. I believe market delta does allow this feature but the disadvantages are that it is 1) expensive 2) stand alone. Does anyone know of a software that works in Ninjatrader if possible?
Thanks,
Imran

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  #2 (permalink)
 
rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
Legendary Market Wizard
 
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ImranQ View Post
Hi,
I was looking for a tool/indicator in Ninjatrader that allows the volume profile AND the high and low volume nodes of the volume profile for a select-able period of data. I believe market delta does allow this feature but the disadvantages are that it is 1) expensive 2) stand alone. Does anyone know of a software that works in Ninjatrader if possible?
Thanks,
Imran

I think you can do this with

1. gomi tools (free
2. OFA (order flow analytics, commercial tool

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  #3 (permalink)
 iq200 
London, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
Posts: 407 since Jun 2010
Thanks Given: 145
Thanks Received: 278



rleplae View Post
I think you can do this with

1. gomi tools (free
2. OFA (order flow analytics, commercial tool

Thanks for the info rleplae.
I came across OFA but it seems rather expensive. However I was investigating today and found that rancho dinero also does it. At the moment I am considering that tho I may look at gomi too.

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  #4 (permalink)
 
rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
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Feel free to share the outcome of the analysis and how you came to the decision to go with one or the other option..
I don't know rancho dinero, I know both OFA and Gomi.
Once out of the 'proto-typing' phase, i ended up writing my own code to do the things i need in my trading robots.
It allowed me to find a bug in OFA, which got fixed in the meantime.

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  #5 (permalink)
 ChrisJff 
Sydney
 
Experience: Beginner
Platform: Ninjatrader
Trading: Stocks
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discotrading volume nodes detector could work for you, or on the more expensive end of the scale, you could look at bookmap.

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  #6 (permalink)
 Nedster 
Cleveland, OH
 
Experience: Intermediate
Platform: NinjaTrader/Jigsaw
Trading: ZB
Posts: 35 since Jun 2015
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I use the volume profile from discotrading (not the volume node detector) and it has composite profiles with high and low volume nodes with the option to have lines drawn on the chart. The only way to use this for various time periods (at least from what I know) is to change the days of data loaded. I would check this tool out as it is very cheap compared to the others and is frequently updated. I have no real complaints so far. It does have periodic profiles which have variable time periods with the option to have lines drawn for VPOC, VA, naked levels and VWAP.

Ned

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  #7 (permalink)
 n7ekg 
Plano, TX
 
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Broker: AMP
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Someone here mentioned Bookmap. Bookmap isn't a volume profile tool, and it won't show you high and low volume nodes. It's an order flow tool, showing you graphically where executed volume was. It's useful for showing where large orders were executed, and also for showing you where large resting orders are. Sierra has a similar built-in study, called "Market Depth Historical Graph".

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  #8 (permalink)
 tr8er 
Europe
Market Wizard
 
Experience: Advanced
Platform: TradeNavigator, BookMap
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of course Bookmap has a volume-profile as well

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