Market profile

This is a discussion on Market profile within the Trading Software forums, part of the Commercial category; Is there any charting software available which provide/show market profile? Hopefully this charting software can receive data from IB. Comment ...

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Old Aug 27, 2006, 8:29pm   #1
Joined Jul 2006
Wink Market profile

Is there any charting software available which provide/show market profile?
Hopefully this charting software can receive data from IB.

Comment on your choice, if possible.

List as many as possible so I can pick my best choice.

Thank you.
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Old Aug 27, 2006, 8:58pm   #2
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None that I know of that takes IB data, have you considered paying for an appropriate data-feed that will do this ?


Paul
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Old Aug 28, 2006, 3:16am   #3
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Quote:
Originally Posted by Trader333
None that I know of that takes IB data, have you considered paying for an appropriate data-feed that will do this ?


Paul
If it is affordable, yes.
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Old Aug 28, 2006, 4:01am   #4
 
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TH ... why do you ask questions on ET then a while later ask the same questions on T2W?
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Old Aug 28, 2006, 6:07am   #5
 
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Quote:
Originally Posted by Trader_Herry
Is there any charting software available which provide/show market profile?
Hopefully this charting software can receive data from IB.

Comment on your choice, if possible.

List as many as possible so I can pick my best choice.

Thank you.
Yes there is:- www.sierrachart.com They do market profile studies and interface with interactivebrokers

Last edited by ourbobby; Aug 29, 2006 at 12:09pm.
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Old Aug 28, 2006, 6:02pm   #6
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Smile Re: Market profile

Trader_Herry started this thread
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Originally Posted by Kiwi
TH ... why do you ask questions on ET then a while later ask the same questions on T2W?
To hear advice on both forums.
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Old Aug 28, 2006, 7:40pm   #7
 
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Yes: I use Sierra Charts (www.sierrachart.com). It's a popular package - I know, I Know, I'm starting to sound like an advert. But, They've just a added a pretty decent MP study option, and since sierra works with IB, it's probably as good an option for you as any.



Quote:
Originally Posted by Trader_Herry
Is there any charting software available which provide/show market profile?
Hopefully this charting software can receive data from IB.

Comment on your choice, if possible.

List as many as possible so I can pick my best choice.

Thank you.
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Old Aug 29, 2006, 4:47pm   #8
 
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You could consider the new version of Market Delta, due for release on 12th September or,
J Charts. Both links are available on IB Home page (software).
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Old Aug 29, 2006, 6:48pm   #9
Joined Apr 2006
Slightly off topic, but related, I was talking to a veteran trading about diffferences between Market Profile and Volume Profile. He felt VP was more accurate and useful than MP, because MP's flaw is that you can get a TPO with 1 contract traded, as I recall him saying. If that's true MP would seem to have inherenent problems as 1 contract traded is insignificant. VP would show by volume traded so it should be more useful. This would be IMO more useful for dynamic S and R areas. I am interested to hear feedback.

Dan
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Old Aug 29, 2006, 6:53pm   #10
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Regarding Sierra and IB, I tried them for several months. IB's data is sometimes flaky IMO. I recall Kiwi likes it, and I am glad it serves Kiwi well, but it didn't backfill sometimes and doesn't show every tick, as I recall it only display changes in price. You might want to look at opening an account with TransAct and integrating to Sierra Charts.

Dan
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