Does anybody know how to build EL code for TPO and market profile indicatod in MC similar to that on SC?
http://www.SC.com/doc_TPOVolProfileCharts.html
RE: Time price opportunity indicaotors for MC?
- Stanley Miller
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Dear King,
MultiCharts had in-built volume profile tool which displays the volume for a security at each price it traded throughout the day.
As to the market profile, you can try to find the corresponding indicator in EasyLanguage somewhere and import it into the MultiCharts. For example Swisstrader posted great pictures on the forum, you can ask about it in this thread:
http://forum.tssupport.com/viewtopic.php?t=799
MultiCharts had in-built volume profile tool which displays the volume for a security at each price it traded throughout the day.
As to the market profile, you can try to find the corresponding indicator in EasyLanguage somewhere and import it into the MultiCharts. For example Swisstrader posted great pictures on the forum, you can ask about it in this thread:
http://forum.tssupport.com/viewtopic.php?t=799
What is this in-built volume profile tool called ?Dear King,
MultiCharts had in-built volume profile tool which displays the volume for a security at each price it traded throughout the day.
As to the market profile, you can try to find the corresponding indicator in EasyLanguage somewhere and import it into the MultiCharts. For example Swisstrader posted great pictures on the forum, you can ask about it in this thread:
http://forum.tssupport.com/viewtopic.php?t=799
I cannot seem to find this... thanks
- swisstrader
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Hi 'Guest',Hi Stanley,
Thanks for your prompt reply
I have contacted Swisstrader previosuly but the charge for the inidcators are too expensive. Do you have any other sources that I can refer ? What are the possibility of incoprating TPO and MP as an add-on in MC?
Thanks
what is overpriced with 395€ per tool? These are market interest prices.
No leasing rates or new rent rates. LIVETIME version.
My new tool which calculates the significant Supports and Resistances at teh end of session FOR NEXT SESSION I've offered you additionally for 1200€.
Please tell me one tool on the market that you can buy with that features.
Here a printscreen of the new tool:
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- S&R Lines for next session.jpg
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- Stanley Miller
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I found the dialog box ... but I toy around with the various options and yet nothing additional appears on the chart.You can find the corresponding tabs in the Format Window and Format Symbol dialog windows.What is this in-built volume profile tool called ?
I cannot seem to find this... thanks
How does this thing plot on the chart ?... Does it show on the chart like a market profile format ?
How does this in your own words "displays the volume for a security at each price it traded throughout the day"
Would appreciate if you can show me a screenshot
thanks
- Stanley Miller
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- Alex Kramer
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- Joined: 23 Feb 2006
Adding a feature such as Market Profile to MC as a native indicator would greatly enhance MC at a time when there are more and more people using Market Profile. The existing MP for TS are either not well done or are too expensive. As soon as users new that MC had MP, the sales would rise overnight due to the three or four large chat rooms that now concentrate on MP trading.
- Alex Kramer
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- Joined: 23 Feb 2006
Thats good news Alex,
Personaly I prefer volume profile. It would be great if you could have volume at price for any time period. These would be plotted horizontaly similar to the display that swisstrader has produced (presumably using drawn lines).
It would be great if the functions to produce these plots could be exposed in the script language too.
TS has had functions to plot this sort of data since 2000i. They called them activity bar studies from memory. Those would be great for inclusion in MC.
Cheers,
Nick.
Personaly I prefer volume profile. It would be great if you could have volume at price for any time period. These would be plotted horizontaly similar to the display that swisstrader has produced (presumably using drawn lines).
It would be great if the functions to produce these plots could be exposed in the script language too.
TS has had functions to plot this sort of data since 2000i. They called them activity bar studies from memory. Those would be great for inclusion in MC.
Cheers,
Nick.
- Alex Kramer
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- Joined: 23 Feb 2006
I have a question, Nick - if you tried the MultiCharts integrated volume profile, what did you dislike in it?
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I'm not Nick but the deficiency of Volume Profile as implemented now is that the 70% Value area is not obvious and there is only the current day. Market Profile's strength is the ability to draw conclusions from seeing a number of days at the same time and look at value areas, points of controles and tails in relation to each other.
- Alex Kramer
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- Joined: 23 Feb 2006
Can the Volume Profile be done such that it calculates base on Tick information even though the chart is plotting minute candles ?Thanks for the input, we'll consider this, maybe we'll rework the Volume Profile in such a way that it shows the volumes above every day.
Calculating base on close, open or mid of a minute Candle is not so accurate.
In addition, it would be good if we can highlight the POC for the interval defined. Maybe with a different color or something.
QuoteTracker is able to do both the above.
thanks
Good to hear that MC will soon implement MP
The best way is to have TPO and market profile on a separate screen, which can be hidden or shown according to trader's choice
You can follow how SC design the volume profile platform
http://www.SC.com/doc_TPOVolProfileCharts.html
The best way is to have TPO and market profile on a separate screen, which can be hidden or shown according to trader's choice
You can follow how SC design the volume profile platform
http://www.SC.com/doc_TPOVolProfileCharts.html
- Alex Kramer
- Posts: 834
- Joined: 23 Feb 2006
Market Profile
The above was written on Aug 22,2006 by a MC staff member.We know how important Market Profile can be and are going to impement MP soon (probably in about a month), hope this is good news for you.
It is now '3' months later-what is the current status?
- Stanley Miller
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Please check the User-Contributed Studies section of our forum, it contains advanced indicators for MultiCharts including Market Profile:
http://forum.tssupport.com/viewforum.php?f=5
http://forum.tssupport.com/viewforum.php?f=5