How to Get Market Profile and Footprint Profile Charts?

Market Profile has quickly become a trending topic among Indian traders on social media, spotlighting the diverse range of tools available for accessing market profile and footprint charts. This article highlights the spectrum of options, from budget-friendly to premium solutions, tailored to meet the varying needs of traders. Whether you prefer to analyze your trades using popular trading software like Amibroker, Ninjatrader, Tradingview, Metastock, Esignal, GoCharting, Multicharts, Windotrader, InvestorRT, or SierraCharts, there’s a solution that aligns with your trading style and budget, ensuring you have the resources to leverage market profile and footprint charts effectively.

Accessing Market Profile Charts using Amibroker

For those seeking an affordable way to explore Market Profile in real-time markets, installing Amibroker alongside a third-party realtime data feed is highly recommended. Here’s a curated list of top data indian vendors to consider for this setup.

Market Profile Charts are accessible for free through Amibroker Trial Editon. The licensed version of Amibroker is available for a one-time fee of 369 USD (Professional Edition). To leverage these charts effectively, users simply require a reliable data feed from trusted data vendors. Credit for the original creation of these charts goes to Milind/Kaka. The charts, which display market profiles using letters, can be seen below. Additionally, the modified code by John has been updated to support smaller tick sizes.

Market Profile – Amibroker AFL Code

_SECTION_BEGIN("MarketProfile");
SetChartOptions(0,chartShowArrows|chartShowDates);
//------------------------------------------------------------------------------
//
//  Formula Name:    Market Profile 
//
// Use with 5/15min chart
// Originial - From AFL library
// Edited by - Milind / KAKA
// AFL Modified by Rajandran R ( www.marketcalls.in) code works good in 5min, 15min, 30min timeframe
// Code is Compatible with Amibroker 5.8 and above
// Letter A now repeats for first 30 min, Letter B next 30 min so on
// Multiple Repeating Alphabets Horizontally to be fixed in 5min and 15min

//Market Profile 9/12/2009

PlotOHLC(Ref(O,-1),Ref(H,-1),Ref(L,-1),Ref(C,-1),"Price",colorblack,stylenoline);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g", Ref(O,-1), Ref(H,-1), Ref(L,-1), Ref(C,-1) ));


EnMP2= ParamList("MarketProfile","Letters|Solid|Lines");
styleLines = ParamStyle("Style", styleLine, maskAll);

Type=ParamList("Type","Price Profile|Volume Profile");
Period= ParamList("Base","Hourly|Daily|Weekly|Monthly",1);


Den = Param("Density", 3, 0.25, 100, 0.25); // Resolution in terms of $
percent=Param("Value Area", 70, 1, 100, 1);
ViewTPOCount= ParamToggle("Show TPO Count", "No|Yes",1);
ViewPOC = ParamToggle("Show POC", "No|Yes",1);
ViewVALVAH = ParamToggle("Show VAL VAH Line", "No|Yes",1);
Viewfill = ParamToggle("Show VA Fill", "No|Yes",1);
Colorpoc=ParamColor("Color POC", colorYellow);
Colorfill=ParamColor("Color Fill", ColorRGB(20,40,60));


EnIB = ParamToggle("Show Initial Balance", "Yes|No");
IBBars = Param("Initial Balance Bars", 2, 0, 10, 1);

if(Period=="Daily"){
BarsInDay = BarsSince(Day() != Ref(Day(), -1));
Bot = TimeFrameGetPrice("L", inDaily, 0);
Top = TimeFrameGetPrice("H", inDaily, 0);
Vol = TimeFrameGetPrice("V", inDaily, 0);
}

if(Period=="Hourly"){
BarsInDay = BarsSince(Minute() != Ref(Minute(), -1));
Bot = TimeFrameGetPrice("L", in5Minute, 0);
Top = TimeFrameGetPrice("H", in5Minute, 0);
Vol = TimeFrameGetPrice("V", in5Minute, 0);
}

if(Period=="Weekly"){
BarsInDay = BarsSince(DayOfWeek() < Ref( DayOfWeek(), -1 ));
Bot = TimeFrameGetPrice("L", inWeekly, 0);
Top = TimeFrameGetPrice("H", inWeekly, 0);
Vol = TimeFrameGetPrice("V", inWeekly, 0);
}

if(Period=="Monthly" ){
BarsInDay = BarsSince(Month() != Ref(Month(), -1));
Bot = TimeFrameGetPrice("L", inMonthly, 0);
Top = TimeFrameGetPrice("H", inMonthly, 0);
Vol = TimeFrameGetPrice("V", inMonthly, 0);
}

CurTop = HHV(H,BarsInDay+1);
Curbot = LLV(L,BarsInDay+1);
Range = Highest(Top-Bot);
TodayRange = Top - Bot;

AveRange = Sum(Top-Bot,30)/30;
LAveRange = AveRange[BarCount-1];

// Initialization
baseX = 0;
baseY = floor(Bot[0]/Den)*Den;
relTodayRange = 0;
firstVisBar = Status("firstvisiblebar");
lastVisBar = Status("lastvisiblebar");

D=.0005;
total=0;
totaldn=0;
totalup=0;
shiftup=0;
shiftdn=0;
startr=0;

for (j=0; j <= 100; j++) {
  x[j] = 0;
}

i0 = 0;
i1 = 0;
for (i=0; i<BarCount; i++) {
  if (BarsInDay[i] == 0 AND i < firstVisBar) {
    i0 = i;
  }
  if (BarsInDay[i] == 0 AND i >= lastVisBar) {
    i1 = i;
  }
}

i1 = BarCount-1;
for (i=i0; i<=i1; i++) {
  if (BarsInDay[i] == 0) {
    baseX = i;
    baseY = floor(Bot[i]/Den)*Den;
    maxY = floor(Top[i]/Den)*Den;
    relTodayRange = (maxY-baseY)/Den;

    for (j=0; j <= relTodayRange; j++) {
      x[j] = 0;
    }
  }
	
	range_x=lastVisBar-firstVisBar;
	spread = Param("X Space", 112, 1, 200, 1);
	tpl = Param("Time Per Letter (mins)", 30, 1, 360, 1);
	Intervalmin=Interval()/60;
	flt =Param("First Letter (Bars)", 1, 1, 60, 1);
	teb=ParamToggle("To Each Bar","No|Yes");
	Color=Param("Color Threshold",20,1,50,1);
	stopg=0;
	stopr=0;
	new=0;
	
	Voloumeunit=Vol[i]/LastValue(BarsInDay);


  if (EnMP2 == "Letters") {
    for (j=0; j<= relTodayRange; j++) {
      if (L[i] <= baseY+j*Den AND H[i] >= baseY+j*Den) {
        PlotTextSetFont("", "Arial", 6, BarCount-1, Close[ BarCount - 3 ], colorGreen, colorDefault, -20 ); 
        PlotTextSetFont("C", "Arial", 40, 100, 100, colorGreen, colorDefault, -20 ); 
		PlotText(StrExtract(" A , B , C , D , E , F , G , H ,  I  , J , K , L , M , N , O , P , Q , R , S , T , U , V , W , X , Y , Z, a , b , c , d , e , f , g , h , i , j , k , L , m , n ,o , p , q , r , s , t , u , v , w , x , y , z ",
		IIf(BarsInDay[i]<flt,0,floor(BarsInDay[i]/(tpl/Intervalmin))-0)), baseX+IIf(teb==1,BarsInDay[i],x[j]*(range_x/spread)), baseY+j*Den, 
		colorWhite,ColorHSB(10+((floor(BarsInDay[i]/(tpl/Intervalmin)))*Color),160,140));
       x[j]++;
	PlotTextSetFont("", "Arial", 10, BarCount-1, Close[ BarCount - 3 ], colorGreen, colorDefault, -20 ); 
      }
    }
  }
	
  else if (EnMP2 == "Lines" OR EnMP2 == "Solid") {
    for (j=0; j<= relTodayRange; j++) {
     if (L[i] <= baseY+j*Den AND H[i] >= baseY+j*Den) {
		if(Type=="Price Profile"){x[j]=x[j]+1;}
		else if(Type=="Volume Profile"){x[j]=x[j]+round(V[i]/Voloumeunit);}
 	
	   }
    }
  }  

  // Draw Initial Balance after 11am bar is complete
  if (BarsInDay[i] == IBBars AND EnIB == 0) {
    Line1 = LineArray(i-2, curtop[i-1],i+7, curtop[i-1],0,True);
    Plot(Line1,"",colorLightGrey,styleLine+styleDashed|styleNoRescale);
    Line1 = LineArray(i-2, curbot[i-1],i+7, curbot[i-1],0,True);
    Plot(Line1,"",colorLightGrey,styleLine+styleDashed|styleNoRescale);
  }

  // Examine x[j]
  if ((i < BarCount - 1 AND BarsInDay[i+1] == 0) OR i == BarCount-1) {
    maxXj = 0;
	maxj = 0;
    for (j=0; j<= relTodayRange; j++) {
      if (maxXj < x[j]) {maxXj = x[j]; maxj = j; StaticVarSet("Maxj",j); new=j;
	  }
    }
	for ( n = 1; n <= relTodayRange; n++ ) {
       total[n]=x[n]+total[n-1];
        }
	Value_area=(total[relTodayRange]*percent)/100;

	for ( a = 1; a <= relTodayRange; a++ )
	 {
		if(Maxj-a>0 AND Maxj+a<relTodayRange)
		{
			if(MaxXj+total[Maxj+a]-total[Maxj]+total[Maxj-1]-total[Maxj-(a+1)]>=Value_area) {shiftup=a; shiftdn=a; break;}
	 	}	
		else if(Maxj-a<1 ) 
		{
			if(MaxXj+total[Maxj+a]-total[Maxj]+total[Maxj-1]>=Value_area){shiftup=a; shiftdn=maxj-1; break;}		
   		}
		else if(Maxj+a>relTodayRange ) 
		{
			if(MaxXj+total[relTodayRange]-total[Maxj]+total[Maxj-1]-total[Maxj-(a+1)] >=Value_area){shiftup=relTodayRange-maxj; shiftdn=a; break;}		
   		}
	 }

	Vah = LineArray(baseX, baseY+(maxj+shiftup)*Den, i, baseY+(maxj+shiftup)*Den,0,True);
	Val = LineArray(baseX, baseY+(maxj-shiftdn)*Den, i, baseY+(maxj-shiftdn)*Den,0,True);
	poc = LineArray(baseX, baseY+maxj*Den, i, baseY+maxj*Den,0,True);
	if(ViewVALVAH==1){Plot(Vah,"",ParamColor("Color_VA",  colorLightBlue),styleLine|styleNoRescale);
	Plot(Val,"",ParamColor("Color_VA",  colorLightBlue),styleLine|styleNoRescale);}
	if(ViewPOC==1){Plot(poc,"",Colorpoc,styleLine|styleNoRescale);}
	PlotText(""+(baseY+(maxj+shiftup)*Den),i-5,baseY+(maxj+shiftup)*Den,colorWhite);
	PlotText(""+(baseY+(maxj-shiftdn)*Den),i-5,baseY+(maxj-shiftdn)*Den,colorWhite);
	if(ViewTPOCount==1){PlotText(""+total[maxj],basex,bot[i]-(Top[i]-bot[i])*0.05,ParamColor("Color_VAL", colorLavender));
	PlotText(""+(total[relTodayRange]-total[maxj]),basex,Top[i]+(Top[i]*0.0005),ParamColor("Color_VAH", colorLavender));}



	if(ViewPOC==1){PlotText(""+(baseY+maxj*Den),i-5,baseY+maxj*Den,Colorpoc);}
  }
	
	if (i < BarCount - 1 AND BarsInDay[i+1] == 0 OR i == BarCount-1) {
	
	  for  (p = 1; p < relTodayRange+1; p++){
	  line = LineArray(baseX, baseY+p*Den, baseX+x[p], baseY+p*Den);
	  line2 = LineArray(baseX, baseY+(p-1)*Den, baseX+x[p-1], baseY+(p-1)*Den);

      if (EnMP2 == "Solid")
	  {
	  PlotOHLC( Line,  Line,  Line2, Line2, "",IIf(p>(maxj+shiftup),ParamColor("Color_VAH",  colorLavender),IIf(p<=(maxj+shiftup)AND p>(maxj-shiftdn),ParamColor("Color_VA", colorLightBlue),ParamColor("Color_VAL", colorLavender))) ,styleCloud|styleNoRescale|styleNoLabel);
	  }
	  if (EnMP2 == "Lines") 
	  {
     Plot(line,"",IIf(p>(maxj+shiftup),ParamColor("Color_VAH", colorLavender),IIf(p<=(maxj+shiftup)AND p>(maxj-shiftdn),ParamColor("Color_VA", colorLightBlue),ParamColor("Color_VAL",  colorLavender))) , styleLines|styleNoLabel);
     }
 	
   }
	 if(Viewfill==1){PlotOHLC(Vah,Vah,Val,Val,"",Colorfill,styleCloud|styleNoRescale|styleNoLabel);}

 } 
}


_SECTION_END();

_SECTION_BEGIN("Gradient Backfill");
SetChartBkGradientFill( ParamColor("BgTop", ColorRGB( 0,0,0 )),

ParamColor("BgBottom", ColorRGB( 0,0,0 )),ParamColor("titleblock",ColorRGB( 192,192,192 ))); 
_SECTION_END();

Datafeed: Accommodates both Indian and International data vendors, offering 1-minute real-time feeds or tick-by-tick data feeds.

Compatibility: The AFL Code is designed to work exclusively with versions 5.8 and higher.

Accessing Market Profile and Orderflow Using Ninjatrader

NinjaTrader provides a robust platform for free trading analysis, catering to traders seeking advanced tools like Market Profile and Order Flow charts. To leverage these sophisticated charting capabilities, users are encouraged to explore subscriptions with NinjaTrader Ecosystem partners such as Bell TPO and Gomicators. These partners offer comprehensive solutions that encompass both Market Profile and Order Flow analysis tools, enhancing trading strategies with deeper market insights.

Data feed support is extensive, accommodating both Indian data vendors(Globaldatafeed, Accelpix, Truedata) specifically for NinjaTrader and international providers like Kinetic, eSignal, CQG, and Barchart. This wide range of compatibility ensures traders have access to reliable and timely market data.

The primary advantages of integrating these tools into your NinjaTrader setup include increased accuracy of market profile and orderflow computational methods, enhanced control over charting features, and the ability to easily navigate historical data without performance issues. Features such as zooming, vertical scrolling, and detailed analysis are optimized for a seamless user experience, making it a preferred choice for professional traders.

Orderflow Charts in Ninajtrader 8 Platform

At present, both BellTPO and Gomicators provide traders with access to footprint charts, also known as order flow charts. Similarly, NinjaTrader 8 features its own version of footprint and order flow charts, although these are exclusively accessible to those holding a paid subscription.

Esignal Market Profile Charts

If you’re subscribed to Esignal, enhancing your experience with the Market Profile feature requires an additional premium add-on specifically designed for Esignal users. This service is available at a monthly rate of 55 USD. However, there’s a promotional offer for new Market Profile users, allowing them to access this add-on at just 10 USD for the first month. With this arrangement, your overall expenses will amount to less than 220 USD per month, making it an economical option for those looking to integrate Market Profile analysis into their trading toolkit.

Advantages include precise identification of VAL, VAH, and POC levels, complemented by a multi-day dashboard tracker, making it ideal for professional traders.

However, a limitation is that only daily profiles are accessible, with no option to select custom profile charts.

Regarding Footprint Charts, Esignal offers them within a premium add-on called “volume delta charts,” available at a monthly fee of 50 USD. This service requires an Esignal Premier subscription or above.

Linnsoft – InvestorRT – Market Profile and Orderflow Charts

The Investor/RT Core Platform, available at $50 per month, is particularly esteemed by traders for its specialized tools in Market Profile and Orderflow analysis. With the inclusion of the Profile Package at an additional $20 per month, traders gain access to TPO Profile Charting and a suite of indicators designed to elevate market analysis. This package enriches trading strategies by providing detailed insights into market structure and volume distribution, pivotal for those leveraging Market Profile methodologies.

Moreover, the platform’s dedication to Orderflow analysis is exemplified through the VolumeScope® Package, priced at $25 monthly. This sophisticated tool dissects each bar in the chart, offering a microscopic view of market order flow and volume at price data. VolumeScope, alongside the Price Volume Pattern (PVP) feature, enables traders to pinpoint volume-based patterns within the market, providing a competitive edge in identifying buying and selling opportunities. These features are designed to cater to the nuanced needs of traders focused on Market Profile and Orderflow, offering them a comprehensive toolkit for in-depth market analysis.

Datafeed: Compatible with Esignal only for Indian Markets. As of now no Indian datavendors supporting InvestRT Software.

Accessing Market Profile and Orderflow using Multicharts

Market Profile charts are available at free of cost for both Multicharts and Multicharts.Net editions. Can be downloaded here

Datafeed : Globaldatafeeds supports Multicharts can be used in case of TPO Profile Charts. However footprint charts requires Esignal Data Subscription (tick level feeds) for Indian Markets.

Multicharts supports inbuilt volume delta charts(order flow charts). But cant do much customization with volume delta charts. However Russian vendor Orderflowtrading provides Footprint Profile charts setup and the subscription pricing starts at 74 USD per month. It is interactive as Market Delta and provides custom template facilities as Market Delta does.

Market Delta Charts

Benchmark tool and mother of all the market profile charts and footprint charts. Suits for professional trader. Pricing starts at 154 USD per month (Order Flow + TPO Profile Charts)

Datafeed : Supports Esignal only for Indian Markets (TSTQ Features in Esignal needs to be enabled to work with Market Delta). Requires Esignal data subscription.

Sierra Charts

Sierra charts provides in-built TPO Profile Charts and Volume by Price Study and license fee starting at 35 USD per month

Datafeeds : Supports Globaldatafeeds. Google Finance in case of learning with Market Profile Charts.

Advantages : Extensive Customization, Interactive, Great User Experience, Cheaper to learn compared to other traditional market profile software. Suits both learners and professional profile traders.

Window Trader

Should say market profile charts are better than Market Delta in terms of Inter-activeness and user experience and can zoom out to watch any level of back historical data. Font size of letters automatically reduces when you try to put more historical data on the screen. Subscription starts at 150 USD per month. Interactive Volume Profile is the best feature and the USP in windowtrader

Datafeed : Requires Esignal data subscription for Indian Markets. No Indian vendors as of now supporting.

Advantages : Suits professional market profile traders who is looking for greater profile accuracy at tick level.

Web Based

Last but not least you can access live market profile charts from our website. Currently access is allowed only for limited scripts. Soon could extend to multiple scripts. Suits for beginners in Market Profile. It also has a social media dashboard below the charts which tracks the twitter market profile experts and provides opportunity to learn from them while watching the live charts.

Hope you got lot more insights on Market Profile and Foot Print (order flow) Softwares available for Indian Traders. Let me know if we missed out any.