Market Profile

[Dogstar]

Hi, I'd like to start using market profile software in my spread betting account but, as far as I'm aware, IG don't offer that on their platform.

I've been told that you can add tools onto the MT4 platform. Is this true and, if so, how would I go about incorporating such third party software onto that platform?

Thanks,

D

 

[Caseynotes]

42 minutes ago, Dogstar said:

Hi, I'd like to start using market profile software in my spread betting account but, as far as I'm aware, IG don't offer that on their platform.

I've been told that you can add tools onto the MT4 platform. Is this true and, if so, how would I go about incorporating such third party software onto that platform?

Thanks,

D

 

Hi, correct, IG doesn't offer the market or volume profile indicators on their web based platform, not sure about the IG Prorealtime platform.

Both are available for MT4 as download indicators free from dozens of online sites that are added to your mt4 indicators folder and can then be added to any chart by drag and drop.

Ask here for more details if needed.

[Dogstar]

That's great. Thanks for the help. I'm currently using their regular web-based platform off a Mac, but once I've got new PC, I'll try to set it up (I've been told that the vast majority of these add-ons only work on a PC, or they perform much better on a PC). Or am I missing something?

Best wishes,

D

[Caseynotes]

2 minutes ago, Dogstar said:

That's great. Thanks for the help. I'm currently using their regular web-based platform off a Mac, but once I've got new PC, I'll try to set it up (I've been told that the vast majority of these add-ons only work on a PC, or they perform much better on a PC). Or am I missing something?

Best wishes,

D

mt4 was written for pc and the hack for mac is just that so you may be right with regards add on custom indicators, I've not used mt4 on a mac at all.

[Dogstar]

Yes, I'd rather buy the new hardware, rather than risk the software underperform in any way. Thanks again for the help: I've been flapping around for a while, trying to get some answers.

[Dogstar]

I was contemplating paying for a particular brand of market profile software, which is supposed to be the best, but what's your opinion on the free stuff out there?

[Caseynotes]

3 minutes ago, Dogstar said:

I was contemplating paying for a particular brand of market profile software, which is supposed to be the best, but what's your opinion on the free stuff out there?

The 'pay for' indicators tend to have cleaner written code and more bells and whistles but are not necessarily better.

Below is a fairly basic free one but there are dozens of different ones to try before going to pay for.

https://www.pointzero-trading.com/Products/indicators

https://www.pointzero-trading.com/Products/view/PZMarketProfile

Also consider Volume Profile which is very similar but instead of being time based is volume based.

 

[Dogstar]

That's sound advice. Thanks again.