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Open Feature request MC-1278

Volume Profile does not use minute data or TPO (Time Price Oportunity) data.

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Description

Volume profile can only plot now using tick data. A profile should be able to plot using either minute or TPO data.
When a user loads a profile chart, MC will attempt to download as much tick data as possible and create the volume profile chart. If no tick data exists, it shows text saying no volume available.
Rather than do this, MC should use minute bars instead. It should take the total volume within a minute bar determine it's high and low and evenly distribute the volume from the minute bar into the slot of the profile.
In addition to this, a user should have the option to use TPO data (some indices do not have volume information) In this case, MC should use the time spent in the range i.e. give the profile +1 for each slot that the bars range covers.
To summarize in order of precedence we should have:
1. Ability to use minute bars to generate volume profile information.
2. Give the user the ability to choose whether or not Volume or TPO information should be used.
3. Allow the user to define how much tick data to use or maintain.
The final option 3, seems like something that would be defined more at the symbol or database settings level.

Steps to reproduce this issue

Try to plot profile for SPY for 200 sessions.  Or a profile that spans the past 120 days.  If there is no tick data no profile can be drawn.

Comments (3)
#0
user-offline.png  Alex MultiCharts (Alex MultiCharts)
Mar 18, 2013 - 11:14

Opportunity to select minute data as base series to build Volume Profile will be added.

#0
user-offline.png  JoeTrader (Guest)
Dec 10, 2014 - 11:39

This is one of the posibilities for Interactive Brokers version, since there is limited tick data availability

#0
user-offline.png  JanStepan (JanStepan)
Feb 23, 2015 - 11:20

Volume Profile build from minutes is very usefull. Plese do it. And then you can add periods Month and Year (now there are bar, session, week.)
It would be verry helpful.
Thank you very much in advance.

History
Issue basics
  • Type of issue
    Feature request
  • Category
    Usability
  • Targeted for
    Not determined
  • Status
    Postponed
User pain
  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
Affected by this issue (2)
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Issue details
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  • Severity
    Normal
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