Create a price chart then go to Insert->Activity Bar And then select "Price Distribution" from the dialog. It is more of a price distribution than a true MarketProfile using volume and price. Good luck,
slacker, Thanks for your help. Did you try kramer's ELD? It looks better to me. For some reason it only works for day-only session. I just started playing with it. There is some problem, I have to reload it to get it refresh?? Let me know if it is any better. Home->Support->All Forum->EasyLanguage Library->All Look for gkMtProfileTL authored by ghkrammer. Regards, KC
Kramer's ELD is better than the price distribution in Tradestation. Kramer also built a MarketProfile 'channel' that draws a channel around price at the UVA and LVA. I like this channel a lot. Another commercial package that draws MP in Tradestation is at: http://www.theswingmachine.com/Price_Distrib_Anal/PriceDist_Main.htm It also is a 'price distribution' and not a true MP with volume. Good luck
traderguy02, I am still predominantly a position trader - for my investors. Enitrely systematic though - no MP. MP is primariily a tool for discretionary traders. bolter
Hi slacker Regarding his channels, are you talking about his example indicator under the same thread? Do you have refresh problem with his histogram? I don't know anything about MP but this histogram just make sense to me as confirmation to take entry or filtering out mediocre trades. Thanks. Regards, KC
Are you actually suggesting that system trading is better than discretionary trading? How do you compensate for emotions?
There's also this one: http://www.sirtrade.com/market.htm Never used it, and no affiliation with this company whatsoever.
traderguy02, Better - hmmmm? I think the objectives for the two are fundamentally different. Discretionary trading for most people on ET is all about generating income. Whereas systematic trading is more about generating a return on your assets. While discretionary trading has a potentially greater payoff near term, systematic trading kicks butt over the long haul. So I guess your question can be answered by considering your trading oibjectives and your horizon. I put all my emotions into researching, developing and testing systems. By the time I start trading a new system I am extremely confident the system will work as expected. Hence it is then simply a matter of executing efficiently. Success has the wonderful effect of dampening emotions.