How to set up Fin-Alg Market Profile Charts in NinjaTrader
Financial Algorithm is known for its Final Market Balance and the TPO ( Market Profile ) and Volume Profile Indicator package for NinjaTrader. This package is an economical alternative to get Market Profile charts as NinjaTrader is a free platform and the cost of Fin-Alg TPO Profile and Volume profile package is much more affordable compared to other expensive packages. Though it’s a personal choice of selecting the Software but those who find it difficult to make a choice, we have made an effort to review the Pros & Cons of Fin-Alg Market Profile Indicator package below.
- Fin-Alg TPO profile package costs $269 for a lifetime license if purchased through their website and Rs.12520.98 if purchased through Truedata.in
- Regular Day Session Composite Profiles and Split session Profiles can be plotted with a click.
- Plot TPO Profile as well as Volume based Profile side by side or in overlay mode
- Plot long term Composite profiles by merging sessions or by selecting the data point to be merged
- Plot HVN/LVN
- Plot Single prints automatically
- Define the Value area calculation % and style
- Adjust the density of the TPO
- Adjust the colour and style of the Value Area line and naked lines
- Plot the Initial Balance as well as the extension %
- Plot the open and close of the session
- There aren’t any Cons really as far as you are not looking to plot custom profiles by defining a particular range
- It would be beneficial to add visible values of the Value area at the lines in place of the info box.
Have a look at a few chart examples using the Fin-Alg TPO and Volume Profile Indicator
There are various other options that can be used to change the look of the chart. To conclude, it’s a must have indicator package for those using NinjaTrader and wanting to use Market Profile as an additional tool in their trading analysis.
Feel free to leave a feedback or discuss any query in the comments section below.