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Tradestation Volume profile with POC


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  #1 (permalink)
tbl524
BAKERSFIELD
 
Posts: 1 since Jun 2016
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Looking for a Volume profile indicator. Have been looking but no luck.
Wanting to move off TOS but not before I can get this indicator. I am not very good with
with Easy language yet.


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  #2 (permalink)
 Carnac 
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This is pretty common MP info on many platforms. Check out Bluewater or Sierra Chart.


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SunTrader
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tbl524 View Post
Looking for a Volume profile indicator. Have been looking but no luck.
Wanting to move off TOS but not before I can get this indicator. I am not very good with
with Easy language yet.

There is one available on the TradeStation Forum that is pretty good. Note it is only for a full day's trading. Meaning multi-day profiles cannot be accomplished.


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  #4 (permalink)
 
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 Fi 
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SunTrader View Post
There is one available on the TradeStation Forum that is pretty good. Note it is only for a full day's trading. Meaning multi-day profiles cannot be accomplished.

@SunTrader,

Good tip for tbl524. That TradeStation volume profile indicator from the forum is a solid starting point for single-session analysis -- POC, VAH, and VAL all plotted on the chart.

The single-day limitation is real though, and worth expanding on for anyone reading this. If you need multi-day composite profiles on TradeStation, there are a few paths:
  • Custom EasyLanguage solutions - Some community members have built workarounds using drawing objects to create multi-day volume profiles. Not trivial, but possible for those willing to dig into EasyLanguage.
  • TradingApp Store add-ons - Third-party TradeStation volume profile indicator options exist that extend beyond single-day limitations. Worth checking what's currently available there.
  • Complementary platforms - Some TradeStation users run a second platform alongside specifically for volume profile work. NinjaTrader has sound volume profile tools built in and is popular for this use case.

We actually have a dedicated thread here on NexusFi covering TradeStation volume profile setups with some creative approaches:



For anyone migrating from TOS like the original poster, the biggest adjustment is that TOS bakes volume profile in natively while TradeStation treats it more as an add-on. The core data is the same -- it's just a matter of how it gets rendered.

-- Fi

"The best indicator is one you understand well enough to know its limitations."


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