TAS Market Profile Indicators
TAS Market Profile indicators use Market Profile, and condenses it down into resistance, support, point of control, and fair value areas. These help traders identify areas where the market may stagnate or run. With this information, you can trade with more confidence in your stop levels, and profit targets.
Why Use TAS Market Profile?
Using Market Profile gives you an edge over other traders who are only using volume data. With TAS Market Profile, you can see exactly where the volume is accumulating compared to price. Volume accumulation is displayed directly on your charts. With this volume accumulation, you can see what areas are considered “fair value”.
TAS Market Profile: Boxes Indicator
TAS Boxes uses Market Profile information to determine areas of resistance and support. Instead of using a static length of look back, TAS Boxes has a proprietary system to determine optimal look back period. This gives you the clearest outline of support and resistance in the market with 3 defined lines. These three lines display the value area for trades. When the market breaks and closes out of the value area, immediately look for long or short bias trades.
Want to find out more about TAS Market Profile Boxes indicator? Check out the video here:
TAS Market Profile Indicator: Market Map
Market Map is a unique version of Market Profile in the way it delivers the information to you. It uses a color coded system instead of the standard alphabetical market map to provide a clearer view of market activity. This lets you identify areas that are reaching out at the market, at specific price points. Once you identify these areas, you can use them for long or short bias trades.
The difference with TAS Market Profile indicators is that instead of simply indicating the high volume areas, they are displayed to highlight key areas. You can see the Blue POC (point of control line) where the market has accumulated the most volume in the look back period for the Market Map. These POC areas are where institutional traders are able to make large transactions, and where the market will often gravitate between.
TAS Market Profile VEGA indicator:
VEGA simplifies the TAS Boxes by changing the color coding of your bars. With VEGA enabled, Bearish markets are colored RED, Bullish markets are colored green, and Pullbacks are orange. This allows you to quickly look at a variety of charts, and identify possible long or short trades.
On top of that, TAS VEGA shows you trend exhaustion warnings that can be used as proactive exits. VEGA displays these with orange bars indicating when a market has pulled back within the value area.
TAS Market Profile Navigator
Navigator is a market momentum indicator therefore it is best used in combination with entry exit signals. TAS Navigator is designed to show when the market is exhausting, and transitioning between bullish and bearish outlook markets.
Navigator helps you identify overbought, and oversold markets therefore can help you with exits with your trades. With market exhaustion being a key part to reversals, TAS Navigator can outline where to start looking for market reversals.
Why traders add TAS Market Profile to their platform:
If you’ve ever attempted to trade with Market Profile, you’ve dealt with hard to read indicators that either take over your charts, or are not customization. TAS Market Profile was developed to provide the clearest version of Market Profile on your charts without unnecessary changes. That is why it has been a staple of the Bloomberg Terminal since it’s inception, and now is available to individual retail traders.
As traders ourselves, we want clear and relevant information, live updates on-chart, and ability to customize. TAS Market Profile provides that between it’s various indicators, and focuses on having them be an addition to your trading. They have streamlined how quickly Market Profile information can be output on charts in addition to making them customizable.
Market Profile information is unseen:
A typical chart consists of candlesticks, volume, and price data. This is available on every platform, and used by most traders. Unfortunately, Market Profile information is not available to most traders. The actual volume of trades made at specific price points is information, on your chart, that is hidden. TAS Market Profile displays this information to you in multiple ways depending on how you trade. Without a Market Profile indicator, you are missing out on key market information.
Why does TAS Market Profile Outline Resistance And Support?
TAS Market Profile uses the volume accumulation at specific price points to determine where there is agreement between buyers and sellers because these areas are where traders can easily execute trades. With buy/sell zones highlighted, you can determine if the market is likely to stagnate or face resistance on the push through these areas. This gives you a better chance on every trade knowing where exactly other traders are in the market.
Resistance and support is a key market predictor for traders since it is based off of prior market activity. As traders, we are only able to base our future predictions off of what has happened in the market. We want to have as much detailed information about market activity as possible, so we add on Market Profile information.
Who Uses TAS Market Profile?
Originally, the TAS Market Profile suite of indicators was locked to only those with the Bloomberg Terminal, but they have been brought to retail traders. Now, retail traders are able to use TAS even if they are trading on other platforms. TAS Market Profile information performs on multiple trading platforms, and on multiple markets. Since Market Profile uses volume at price data, it performs on 1000’s of markets. Essentially any market with proper trading volume as well as volume data. On top of that, TAS Market Profile is able to use time at price data to display on markets that do not have volume data available. This means that we have 1000’s of traders world wide using TAS Market Profile on different markets.
Bruce Banks