How do you get MP charting on Tradestation? Are you using krammer's ELD? Thanks.
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Market Profile Trading
- Thread starter traderguy02
- Start date
How do you get MP charting on Tradestation? Are you using krammer's ELD? Thanks.
Create a price chart then go to Insert->Activity BarQuote from knifecatcher:
How do you get MP charting on Tradestation? Are you using krammer's ELD? Thanks.
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,
Quote from slacker:
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,
I put that on before, it looks kinda funny and a little confusing... Thanks.
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.
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Look for gkMtProfileTL authored by ghkrammer.
Regards,
KC
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
Quote from knifecatcher:
slacker,
Did you try kramer's ELD? It looks better to me.
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
Quote from slacker:
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
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
Quote from bolter:
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
Are you actually suggesting that system trading is better than discretionary trading? How do you compensate for emotions?
Quote from knifecatcher:
How do you get MP charting on Tradestation? Are you using krammer's ELD? Thanks.
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.
Are you actually suggesting that system trading is better than discretionary trading?
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.
How do you compensate for emotions?
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.