Market Profile for MC ?

Questions about MultiCharts and user contributed studies.
NW27
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Market Profile for MC ?

Postby NW27 » 18 May 2012

Hi All,

Has anyone developed or know of a Market Profile indicator for Multicharts?

I know MC graphics are pretty non existent but maybe something could be done with building a text line at the different price levels?

Neil.

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Re: Market Profile for MC ?

Postby TonyB » 19 May 2012

Hi All,

Has anyone developed or know of a Market Profile indicator for Multicharts?

I know MC graphics are pretty non existent but maybe something could be done with building a text line at the different price levels?

Neil.
Hi Neil,

Good to see you over here...

Someone has developed something, a vendor, so it's not free. I don't have it off-hand, but there's a thread on BMT. Let me know if you can't find it...

That said, when I purchased MC about 2 months ago, I was told that MC is working on something and it should be done this year, most likely by the end of the Summer (your Winter). Would be nice to get confirmation of this though...

I actually want to see Volume Profile, which I'm guessing can be done in tandem, with MP.

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Re: Market Profile for MC ?

Postby NW27 » 19 May 2012

Hi Tony,

I do occasionally post over here as well, just to stir the hornets nest a bit :)

So Multicharts, do you have any thing in the offering ????

What about the other users in this forum?

Neil.

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Re: Market Profile for MC ?

Postby TonyB » 19 May 2012

Neil, I'd be VERY disappointed if MC now says that MP / VP is not in the plans. I was told by two people that it was indeed in the works, and I then made my purchase that day. I've been trading on TOS, which has MP & VP, patiently waiting for MC to get it...

I communicated with the vendor who offers a solution, and almost bought it as there was a discount to purchase MC at the same time, with that aftermkt solution. When MC said it was in the works, I just decided to wait, and just trade on TOS instead...

MC has been fast on fixes and updates and true to their word on other matters, so I feel confident that it is coming. That said, it would be great to get status on its expected arrival...

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Henry MultiСharts
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Re: Market Profile for MC ?

Postby Henry MultiСharts » 21 May 2012

Market profile study is being considered for implementation. There is no ETA for this feature at the moment. We will keep you updated.
You may want to check this thread that contains Market Profile study.

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Re: Market Profile for MC ?

Postby NW27 » 21 May 2012

Market profile study is being considered for implementation. There is no ETA for this feature at the moment. We will keep you updated.
You may want to check this thread that contains Market Profile study.
Henry,
Is this a new way of entertaining the users? Much like a dog chasing it's tail.
Neil.

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Re: Market Profile for MC ?

Postby TonyB » 21 May 2012

Oh, that made me laugh!

Henry, your response doesn't sound all that convincing that MP or VP will indeed happen. I was told with certainty that it would, that it was actively being worked on... To be clear, are you saying that there is a chance that MC will not offer this for us?

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Re: Market Profile for MC ?

Postby TJ » 21 May 2012

do a search on this forum, there are a couple of pretty decent codes.

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Re: Market Profile for MC ?

Postby NW27 » 21 May 2012

do a search on this forum, there are a couple of pretty decent codes.
TJ,

I have only found the one code

And yes this does work to a degree, ie it very quickly scrolls off the screen and writes over the top of bars. A proper version designed within the application would be better.
I trade on tick charts and within minutes it's gone.

TJ, can you advise on links to the other decent codes. I've done a search and only come up with this one.

Neil.

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Re: Market Profile for MC ?

Postby escamillo » 21 May 2012

search a term in this thread:
viewtopic.php?f=1&t=7621&p=34734#p34734

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Re: Market Profile for MC ?

Postby SP » 22 May 2012

Neil,

i posted a read only VP code (exported with 8 beta3 ) on the BMT forum. It is for 1 tick charts and plots the VP for the last trading day.

It updates every x seconds (Seconds.Delay) to reduce drawing and recalculating or if you set UpdateOnPriceChange= 1 additionally every time if close <> close[1] (not recommended in fast markets).
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Vol Prof Adv.rar
(72.49 KiB) Downloaded 155 times

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Re: Market Profile for MC ?

Postby NW27 » 22 May 2012

Neil,

i posted a read only VP code (exported with 8 beta3 ) on the BMT forum. It is for 1 tick charts and plots the VP for the last trading day.

It updates every x seconds (Seconds.Delay) to reduce drawing and recalculating or if you set UpdateOnPriceChange= 1 additionally every time if close <> close[1] (not recommended in fast markets).
Thanks,

Now to find a "rar" reader :)

Neil.

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Re: Market Profile for MC ?

Postby NW27 » 22 May 2012

Neil,

i posted a read only VP code (exported with 8 beta3 ) on the BMT forum. It is for 1 tick charts and plots the VP for the last trading day.

It updates every x seconds (Seconds.Delay) to reduce drawing and recalculating or if you set UpdateOnPriceChange= 1 additionally every time if close <> close[1] (not recommended in fast markets).

Whats a SEF file extension? This is what is inside the RAR file?
"Vol Prof Adv.sef" ???

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Re: Market Profile for MC ?

Postby SP » 22 May 2012

It is a locked MC file. To import it go to PowerLanguage Editor ->File->Import Read Only.

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Re: Market Profile for MC ?

Postby NW27 » 22 May 2012

Neil,

i posted a read only VP code (exported with 8 beta3 ) on the BMT forum. It is for 1 tick charts and plots the VP for the last trading day.

It updates every x seconds (Seconds.Delay) to reduce drawing and recalculating or if you set UpdateOnPriceChange= 1 additionally every time if close <> close[1] (not recommended in fast markets).
Hey TonyB,

You will have to have a look, this works well and I like it better than the Alphabet soup.
Only thing is, the numbers on the lines are a bit hard to see, white numbers on a white background.

Well done SP.

Neil.

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Henry MultiСharts
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Re: Market Profile for MC ?

Postby Henry MultiСharts » 22 May 2012

At the moment we have implemented all major features that were in our to-do list. We are going to introduce the Market Profile feature later this year. Currently no exact ETA is available.

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Re: Market Profile for MC ?

Postby TonyB » 22 May 2012

SP, thanks for sharing! I will need to give this a try. And Henry, thanks for confirming that MP is indeed still in the plans. When you say that, does that also include the very much related Volume Profile as well? I assume so, but would like make sure...

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Re: Market Profile for MC ?

Postby arnie » 22 May 2012

I hope with volume profile comes also footprint charts.

One thing, to build this features in MC just look at one source alone, MD. They are the leaders in these tools so they are the ones that you should look at. Forget about NT and what have been done there.

Sometimes it sounds you guys have some fixation with NT.

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Re: Market Profile for MC ?

Postby Henry MultiСharts » 23 May 2012

Volume profile and new chart types are also being considered for implementation.
We are not providing any ETA at the moment because we are focused on MC 8.0 Release and MC .NET at the moment.

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Re: Market Profile for MC ?

Postby txls » 23 May 2012

new chart types are also being considered
This is a bit off-topic, but could you please elaborate, which chart types are you considering for implementation?

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Re: Market Profile for MC ?

Postby arnie » 23 May 2012

This is a bit off-topic, but could you please elaborate, which chart types are you considering for implementation?
I'm crossing my fingers....... footprint charts :)

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Re: Market Profile for MC ?

Postby Henry MultiСharts » 24 May 2012

Footprint chart is being considered for implementation.

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Market Profile® and Volume Profile for MC are available here

Postby swisstrader » 26 May 2012

Market Profile® and Volume Profile for MC are available here:

http://www.1st-tradingtools.com

You can get a closed function which refers the main levels to develop your own strategy or indicator. For this we charge separately as customer coding projects.

Here are the manuals.
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Volume Profile manual:

Postby swisstrader » 26 May 2012

Volume Profile manual:
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Re: Market Profile for MC ?

Postby swisstrader » 26 May 2012

Initial Balance indicator manual:
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Re: Market Profile for MC ?

Postby swisstrader » 26 May 2012

Volume Prifile used with FOREX charts:
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Re: Market Profile for MC ?

Postby swisstrader » 26 May 2012

Session Color Coding indicator:
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Re: Market Profile for MC ?

Postby swisstrader » 26 May 2012

Prices for lifetime licenses:

Market profile toolset USD 199.00

Volume Profile toolset USD 199.00

Both in a basket: USD 349.00

http://www.1st-tradingtools.com

No trials available.

Best regards,
swisstrader (developer of these toolsets)

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Re: Market Profile for MC ?

Postby swisstrader » 02 Jun 2012

We have added a "Time and Sales" indicator, included in both packages and no extra charge.

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Re: Market Profile for MC ?

Postby Stan Bokov » 07 Jun 2012

We have added a "Time and Sales" indicator, included in both packages and no extra charge.
That's a nice bonus

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Re: Market Profile for MC ?

Postby swisstrader » 14 Jun 2012

This is a very good book about MP (just I'm reading it):


Image
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Re: Market Profile for MC ?

Postby Laurent » 17 Jun 2012

I also hope to see MP/footprint charts implemented in the next version of MC (8.1 or 9.0).
I think it's one of the major feature that is missing for the moment. Commercial indicators/custom indicators are not as good as the native implementation in MD/IRT (or codes in NT) :)

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Re: Market Profile for MC ?

Postby swisstrader » 17 Jun 2012

I also hope to see MP/footprint charts implemented in the next version of MC (8.1 or 9.0).
I think it's one of the major feature that is missing for the moment. Commercial indicators/custom indicators are not as good as the native implementation in MD/IRT (or codes in NT) :)
How can you make this judgement about commercial toolsets? Have you ever tested our MP and VP?

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Re: Market Profile for MC ?

Postby Laurent » 17 Jun 2012

You're right, I have not tested them myself, so my judgement is not really fair...
Mea culpa.

I have checked your videos, it looks to do the jobs but are you sure it can be compared to softwares such as MarkDelta (the reference that I have tested) ? I do not think but I hope to be wrong!

The fact is also, I do not want to pay 349$, that should be a native feature in the MC core not a feature added with a toolset.

Regards,
Last edited by Laurent on 17 Jun 2012, edited 1 time in total.

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Re: Market Profile for MC ?

Postby swisstrader » 17 Jun 2012

You're right, I have not tested them myself, so my judgement is not really fair...
I have checked your videos, it looks to do the jobs but are you sure it can be compared to softwares such as MarkDelta (the reference that I have tested). I do not think so but I hope to be wrong!

The fact is also, I do not want to pay 349$, that should be a native feature in the MC core not a feature added with a toolset.

Regards,
Laurent,
I've code years ago the MD toolset for TS with data base realized with EL Collections addon. But you need a data base for historical data (trade at bid and at ask) to have the same result like MD (bought by IR/T).
In ESignal, CQG and other platforms you have to pay a monthly fee for MP feature.
What platform supports the Volume Profile? MD from IR/T, yes, but also for a monthly fee. Years ago I had subscript for this service ... monthly payment.

Regards,
swisstrader

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Re: Market Profile for MC ?

Postby Laurent » 17 Jun 2012

Swisstrader,

I agree with that, you did a great job, I'm sure it's complex to develop, it takes time and money.
Your toolset is cheap and surely works great. MD has monthly fee, your toolset has not.

But I want your toolset or an equivalent in the core of MC, as a native implementation / feature!
I do not want an addon, that's why I'm happy to know it will surely be implemented in MC 9.0 :-)

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Re: Market Profile for MC ?

Postby Laurent » 17 Jun 2012

Profit with the Market Profile by Dr. John Keppler
=> I agree a very good book (I'm reading it since a few days) :)

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Re: Market Profile for MC ?

Postby swisstrader » 17 Jun 2012


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Re: Market Profile for MC ?

Postby swisstrader » 18 Jun 2012

Profit with the Market Profile by Dr. John Keppler
=> I agree a very good book (I'm reading it since a few days) :)

Laurent, if someone buys a new MultiCharts lifetime license with the link on our homepage (on top)

http://www.1st-tradingtools.com/marketp ... dingtools/

gets the complete toolset for free of charge.

-swisstrader

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Re: Market Profile for MC ?

Postby Laurent » 18 Jun 2012

Yep, that's cool ! I suppose/hope you have a deal with MC ?
But for older customers, urgh :-p

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Re: Market Profile for MC ?

Postby swisstrader » 18 Jun 2012

Image


Pointlanding with VirginPOC and profiles toolset predicted.


Image


Pointlanding with VirginPOC and profiles toolset predicted.
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Re: Market Profile for MC ?

Postby Ulich05 » 21 Jun 2012

Image

see attached

defaulted to work on 60min equity futures. mess around w settings as you see fit
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Re: Market Profile for MC ?

Postby TJ » 21 Jun 2012


see attached

defaulted to work on 60min equity futures. mess around w settings as you see fit
Thanks for the code.

Can you rename the indicator before posting?

eg. change it to TPO60m or TPO_Ulich05 so that your code will not overwrite the original code when importing.

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Re: Market Profile for MC ?

Postby swisstrader » 30 Jun 2012

For the Volume Profile is a customer function availabe to use it in your own strategy:

Code: Select all


{ *** Copyright (c) 2003-2012 1st Trading Tools - All rights worldwide reserved. *** }
{ email: swisstrader@bluewin.ch or developer@1st-tradingtools.com}


// special function code for customers
// ===================================

// EXAMPLE CODE:
// =============

inputs: ValueArea_Percent (68),
TicksPerProfileTL (1),
Show_MarketProfile (true),
Show_YesterdaysLevels(true),
Print_VPOcounts (true),
VA_TrendLineColor (green),
POC_TrendLineColor (red),
POC_TrendLineThickness (2),
ProfileBaseColor(lightGray),
ProfileBaseStyle (3),
VPOcountsColor (cyan),
YestVALineColor (darkgreen),
YestPOCLineColor (darkRed),
YestLineStyle (3),
YestLineSize (2),
Start_Date (0),
End_Date (0),
MarketScanner (false),
VAH_Alert (false),
POC_Alert (false),
VAL_Alert (false),
GetArraySize (false), // check manually the recommended ArraySize
SetArraySize (2000);

vars: vp (0), //dummy output of ccFunction, always = 0
oYesterdaysVAH (0),
oYesterdaysPOC (0),
oYesterdaysVAL (0),
oTodaysVAH (0),
oTodaysPOC (0),
oTodaysVAL (0),
oTotalTodaysVolume(0);

//call function
vp = ccDailyVolumeProfile_RefLevels_lockMP( ValueArea_Percent,
TicksPerProfileTL,
Show_MarketProfile,
Show_YesterdaysLevels,
Print_VPOcounts,
VA_TrendLineColor,
POC_TrendLineColor,
POC_TrendLineThickness,
ProfileBaseColor,
ProfileBaseStyle,
VPOcountsColor,
YestVALineColor,
YestPOCLineColor,
YestLineStyle,
YestLineSize,
Start_Date,
End_Date,
MarketScanner,
VAH_Alert,
POC_Alert,
VAL_Alert,
GetArraySize,
SetArraySize,
//== BEGIN == reference outputs for customer's own code ===============
oYesterdaysVAH, // --> refers yesterdays Value Area HIGH
oYesterdaysPOC, // --> refers yesterdays Point Of Control
oYesterdaysVAL, // --> refers yesterdays Value Area LOW
oTodaysVAH, // --> refers todays Value Area HIGH
oTodaysPOC, // --> refers todays Point Of Control
oTodaysVAL, // --> refers todays Value Area LOW
oTotalTodaysVolume // --> refers current total volume of session
//== END ==== reference outputs for customer's own code ================
);

//use in the strategy these referenced values of prior called function:
oYesterdaysVAH
oYesterdaysPOC
oYesterdaysVAL
oTodaysVAH
oTodaysPOC
oTodaysVAL
oTotalTodaysVolume

// ... your further strategy code here

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Re: Market Profile for MC ?

Postby bomberone1 » 01 Jul 2012

What are the new feautures in the next release of this indicators?


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