Is your interest piqued regarding how to day trade with Market Profile using TradeStation? Mine is! This is a new TradeStation Market Profile indicator that can be used for trading Market Profile. It can use customized sessions and also shows a vertical bar for the initial balance and range expansion very similar to the Market Delta display. This vertical reference bar is nice because horizontal lines can really skew the view (sorry about the rhyme) of a chart. All those lines! It also clearly highlights the open(I choose green) and the close(I choose red).
Improvements coming – trade recommendations during the day based on price location. For instance, if the day opens in value and out of range, the trade recommendation might be to short yesterday’s value area.
Anyway, check out the indicator. It is available here Market Profile Indicator.