This premium indicator has been upgraded. You can view the current version of this indicator on the following webpage:
https://www.hahn-tech.com/thinkorswim-volume-profile-v4/
This is an upgraded version of the very popular Volume Profile study. This version includes a momentum study from a higher time frame that can be used to filter long and short signals. This indicator projects the volume profile area into the current trading period. Fully adjustable to fit whatever time frame you are trading. Trigger zones are included, which are fully adjustable. Setups occurring within the shaded trigger zones are accompanied by visual and audible alerts.
- Indicator Type: Support and Resistance
- Indicator Basis: Volume-At-Price AKA: Market Profile
- Time Frames: All time based aggregation periods
- Trade Setups:
- Scalping
- Reversals
- Fading key levels
UPDATE: 7/13/16 Version Two Released
Just click on this link and fill out the contact form at the bottom of the page. We will coordinate payment and delivery of the final code.
Thinkorswim Premium Trading Tools
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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I have few questions about the Thinkorswim Volume Profile Study:
Is it working on the 5 min chart for intraday trading?
Is it working on Tick charts like 512 ticks on ES?
Thanks
Yes, however on the 512 tick chart of /ES you will get mostly noise. In the demo video I show how to select the optimum combination of profile period length and chart time frame. And I can assure you that a Daily profile period and 512 tick chart of /ES is light-years away from the optimum settings.
hi Pete
I love all the work you do for free tutorial. Thanks, Now its time to jump to buy.
My question is In the “Thinkorswim Volume Profile Study” most of your free tutorials are included in this coding?
After I bought I should pick to add some coding from the free tutorial?
Do you have recommendation to add from the tutorials.
Thanks
1. “most of your free tutorials are included in this coding?” In fact none of my free tutorials are included in the Volume Profile premium study. I am not sure I understand this question. Why would there be anything included with the Volume Profile premium indicator aside from what was clearly explained in the demo video?
2. “After I bought I should pick to add some coding from the free tutorial?” Once again I am totally lost by this question. I really do not understand what you are asking nor do I understand the point of your comments here.
This is very cool Pete! Is there an out of the box quantifier for difference between volume profile study or monkey bars study vs current price?
Sorry but I do not have the slightest clue what this means: “out of the box quantifier for difference between volume profile study or monkey bars study vs current price”
Fair enough – I will rephrase. Is there a study that gives the numerical difference between the current price and the average volume profile price in terms of percentage difference?
There are no built-in chart studies that do this on Thinkorswim and I have never created one.
Hello Pete,
You have a very nice indicator programmed.
Is it possible to bring up the short / long signals into a watch list ?
Thank you
It is possible to take the code that is used for running the scans and apply that directly to a custom watchlist column. The columns would display a 1 when a selected signal is present and a zero when the selected signal is not present.
Great. I will order the indicator.
Thank you for the quick reply.
Greetings, I didn’t have any problems loading the code on the graphs but I need some clarification regarding adding the code to the scan feature in ToS. After watching the videos, my specific question is does the newest version eliminate the need to manually change the configuration at the 12:14-13:15 mark in the following video https://www.youtube.com/watch?v=HxhW8AFHuEs&feature=youtu.be. Assume I have to wait until market hours to scan active stocks.
Lastly, I tried to copy the scan code into my watchlist but all of my symbols result in a ‘0’ (No Results)
Any help is greatly appreciated.
NT
The link to the YouTube video you provide has nothing to do with this video. So I have no idea what you are asking about. The code was designed to run as a scan. It was never designed nor intended to run in a watchlist columns.