Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Not sure what your question is? It doesn't matter whether you traded or not - if you have the data for whatever look-back period you want, the indicator will report the TPO and the volume profile.
Maybe you could clarify your question.
Can you help answer these questions from other members on NexusFi?
Ok so currently Im using the gomi MP. Unless my NT is on and connected to my data provider, I will receive no volume profile information. So if I dont trade for a day I have a blank space there. I want to know if its any different with the fin-alg profile.
Understanding yourself is just as important as understanding markets.
Yes, it is different. With the Fin-Alg indicators, you can bring up any time frame at any time as long as you're connected to your datafeed and it will plot the indicator. So you don't have to leave your computer on to collect data for the indicator.
i have had it for 4 years... i like it...the only thing better is gomi ..hard to bet free. now if you want to spend big bucks you can improve your market profile software. i have tried most... they are to complex for me. that is why i like final...with ninja trader it is very simple...
I have had his market profile TPO indicator running for 2 years now. Runs perfectly, very happy with it. He has been quick to respond when I had a couple of questions, very brisk answers but helpful none the less.
hi phantomtrader, so you don't need to leave your PC on. How do they do it, given NinjaTrader does not have the facility to do it? Also, is this valid for any instrument?
Hi - they do it the same way charts fill when you turn on your computer. The data is picked up from the datafeed vendor and fills the indicator. I'm not familiar with GOMI so I don't know why you have to leave the computer on to collect data.
Fin-Alg works for any instrument on any time frame. They offer a free trial - so probably best to download it and see how it works. It's an invaluable tool.
Thank you. The reason I am wondering how they do it is, as I understand it NT and other systems store historical chart data by simply recording HLOC data for each timeframe. That's 4 numbers per timeframe, so that's a small piece of data.
However recording bid/ask volume traded means that all trades need to be recorded, which is a massive amount of data.
If systems like NT don't store this, then fin-alg must have the facilities to store it themselves, and then make it available to its users.
Good question - not sure what the answer is. I assumed that the data vendor supplied the bid/ask volume which they are capable of doing. If you look at a couple of indicators on Nina that are supposed to report bid/ask, they only run in real time and do not accumulate the data. So it's an open question. It may be that the algo itself is written to accumulate the data. I use the fin-alg indicator in market replay so it must be stored someplace. Maybe I'll ask Ninja support. The guy at fin-alg is not particularly easy to deal with. He does write good stuff though.