NexusFi: Find Your Edge


Home Menu

 





Volume Profile in Multicharts


Discussion in Trading Journals

Updated
    1. trending_up 1,949 views
    2. thumb_up 1 thanks given
    3. group 2 followers
    1. forum 7 posts
    2. attach_file 0 attachments




 
Search this Thread

Volume Profile in Multicharts

  #1 (permalink)
 ilu007 
New York + US
 
Experience: Intermediate
Platform: MultiCharts
Trading: Indian Stocks
Posts: 37 since Aug 2015
Thanks Given: 10
Thanks Received: 2

Dear VP Traders,

I want to create a Composite Volume profile of 6 months in Multicharts. I would like to know do I require a tick data or 1-minute data with Volume information in it of a particular instrument will do the trick?

Thanks in advance

Regards,
ilyas

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Are there any eval firms that allow you to sink to your …
Traders Hideout
Exit Strategy
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
  #3 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,431 since Apr 2013
Thanks Given: 481
Thanks Received: 1,623


Hi ilyas,

if you are referring to the built-in Volume Profile, you will need tick data.

Regards,

ABCTG

Follow me on Twitter Reply With Quote
Thanked by:
  #4 (permalink)
 ilu007 
New York + US
 
Experience: Intermediate
Platform: MultiCharts
Trading: Indian Stocks
Posts: 37 since Aug 2015
Thanks Given: 10
Thanks Received: 2

Dear VP Traders,

For precise Volume Profile which settings we want to use from Multicharts. I would like to use Total Volume but I am confused on two options, 1. Up tick Vs Down Tick delta 2. Ask Vs Bid traded delta. Which setting shall I use to Create a Volume Profile. Also, what does these options means.

Really appreciate if anyone can explain and try to find a solution for the above mentioned query.

Regards,
ilyas

Started this thread Reply With Quote
  #5 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,431 since Apr 2013
Thanks Given: 481
Thanks Received: 1,623

Hi ilyas,

you can find a good explanation regarding the options here: https://www.multicharts.com/trading-software/index.php/Volume_Profile

For Total Volume these options might not make a difference, since you don't break the volume up by bid/ask or up/down.

Regards,

ABCTG

Follow me on Twitter Reply With Quote
  #6 (permalink)
 ilu007 
New York + US
 
Experience: Intermediate
Platform: MultiCharts
Trading: Indian Stocks
Posts: 37 since Aug 2015
Thanks Given: 10
Thanks Received: 2


ABCTG View Post
Hi ilyas,

you can find a good explanation regarding the options here: https://www.multicharts.com/trading-software/index.php/Volume_Profile

For Total Volume these options might not make a difference, since you don't break the volume up by bid/ask or up/down.

Regards,

ABCTG

Ahaaa....

Got it ABCTG... It was very helpful.

I really appreciate your help.

Tons of Thanks

Regards,
ilyas

Started this thread Reply With Quote
  #7 (permalink)
 ilu007 
New York + US
 
Experience: Intermediate
Platform: MultiCharts
Trading: Indian Stocks
Posts: 37 since Aug 2015
Thanks Given: 10
Thanks Received: 2

Dear Traders,

I am facing a problem while creating a Volume profile. I have purchased a Tick data of last 1 year. I need to create a composite Volume profile. I have mapped Multicharts with the data folder through ASCII mapping.

I have successfully created a Volume profile. But it opens very slow.. it takes almost 20-30 minutes to load all the data. I have created a Composite VP with 1 day (building in minutes).

How I can improve the efficiency so that it can load the Composite faster than before? Is there anyway to do it?

Thanks & Regards,
ilyas

Started this thread Reply With Quote
  #8 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,431 since Apr 2013
Thanks Given: 481
Thanks Received: 1,623

hi ilyas,

the bottleneck could be the amount of data, since the profile is constructed using 1 tick data. If that is the case the only way to speed things up (besides upgrading the machine) would be not using the built-in profile, but creating your own code to handle it.

Regards,

ABCTG


ilu007 View Post
Dear Traders,

I am facing a problem while creating a Volume profile. I have purchased a Tick data of last 1 year. I need to create a composite Volume profile. I have mapped Multicharts with the data folder through ASCII mapping.

I have successfully created a Volume profile. But it opens very slow.. it takes almost 20-30 minutes to load all the data. I have created a Composite VP with 1 day (building in minutes).

How I can improve the efficiency so that it can load the Composite faster than before? Is there anyway to do it?

Thanks & Regards,
ilyas


Follow me on Twitter Reply With Quote




Last Updated on April 5, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts