TAS Market Profile Review
Everyone’s looking for an edge when they trade, well, in this TAS Market Profile Review, we’ll show you why TAS says they have the EDGE you need. The Market Internals Graph is based on TAS boxes and enables you to see when market tides are turning. Also, the Volatility Gauge ranks volatility on a scale of 1 to 10 based on the dynamic profile levels. The Breadth Meter gives you a color-coded visual depiction of who’s in control of the market. Therefore, it shows you at a glance whether the bulls or the bears are running the show.
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Review of TAS Market Profile
TAS Market Profile, owned by Candid Commodities, LLC, and founded by Steve Dahl, offers state-of-the-art technical analysis tools. With an intuitive design, the tools enable traders to perform in-depth analyses across multiple asset classes and time frames. In a nutshell, The EDGE is a suite of algorithmic tools that determine what percentage of S&P500 stocks are bullish, bearish, or in the balance area.
Likewise, the Breadth Stats show the number of stocks and their market cap weighted percentage for three categories. The “Above” category is bullish. The “Inside” category is neutral and the “Below” category is bearish.
Landscape Charts appear on the side of the display. They show you where the market is relative to four time frames, weekly, daily, four-hour, and one-hour.
If the market is below the green line, then it’s bearish for that time frame. Conversely, it’s bullish if it’s above the red line.
However, the market may be bullish on one time frame and bearish on another. The longer the time frame, the more important the level serves as a support or resistance zone. Make sure to bookmark our daily penny stock list and swing trade watch lists page.
What Is TAS Profile Scanner & How Does It Work?
- The TAS Profile Scanner is unique in that it analyzes based on market profiling. Indicators, like TAS boxes, and market internals, like Market Breadth Charts and Odometers are integrated with the scanner. Also, the customizable dashboard filters hundreds of markets. Furthermore, the Trade Matrix feature provides a risk analyzer and market movers list.
The scanner also has an ETF Heat Grid board that displays at a glance which sectors are stronger or weaker. Additionally, you can click on any sector in the heat grid to view charts or odometers.
“TAS Says” is an auto-algorithmic market commentary found in the landscape charts and scanner. Furthermore, the commentary is text-based and refreshes every sixty seconds.
The stock trading tools provide commentary regarding long term, intermediate, and short term time frames.
TAS Indicator Suite
TAS Market Map is customizable and flips traditional volume horizontally so you can see the relative volume on the price bar. Additionally, it’s color-coded, rather than letter-based, making it easier to read. Three different colors represent the “value area,” “outside of value area,” and “rejection tails.” These help you identify when the market is breaking out of a sideways mode.
The boxes help you determine bearish or bullish trajectories. They show directional bias, entry zones, targets, and stop losses for each trade. Three lines represent “unfair high,” “point of control,” and “unfair low.” And you can adjust the levels in real time.
The navigator’s algorithm combines the moving average, histogram, and zero balance line. Therefore, it helps traders identify changes in momentum to determine market turns.
TAS Vega helps you determine if the market is bullish or bearish with colored price bars. Also, it triggers its coloring around TAS Boxes. Red is bearish. Green is bullish. Grey is in the balance zone. And orange shows when the market is moving in or out of the balance zone.
Ratio levels are determined using 24-hours of data. However, the indicator is only applicable to intra-day chart trading. It helps day traders to gauge target areas for entry and exit points by forecasting short-term price movements. Also, it displays the “zero line,” “moving average line,” and “oscillating indicator trigger line” in different colors. And it’s used to identify day trading targets in either direction.
The price compression levels (PCLs) indicator uses price volume analysis, volume aggregation, and multiple timeframe confluence. The static PCLs don’t move while the floaters display levels of support below and resistance above.
TAS Indicator Suite is compatible with the following platforms:
- Cannon Trading
- Daniels Trading
- Futures Online
- GAIN Capital
- Infinity Futures
- MetaTrader 4
- Optimus Futures
- Sierra Chart
- Striker Securities
- Trade Navigator
What Does TAS Market Profile Cost? (Pricing Review)
- TAS Market Profile’s Scanner and The EDGE don’t require any extra data or host platform. However, the exception is the TAS Indicator Suite which is an add-on that requires a charting platform.
- The price of the TAS Chart Indicators package which includes all of the indicators is $1,994 per quarter.
- The price of the TAS Profile Scanner is $197 per month.
- Also, The EDGE is $147 per month.
Can It Read Charts?
According to finviz.com, in the US Stock Market alone they are over 7,500 stocks to choose from. This includes the NASDAQ, AMEX, and NYSE.
So you can imagine how difficult it would be for a human to do the job a software like TAS can do. Keep in mind however that those computer-driven algorithms, as artificially intelligent as they may be, cannot see charts the way a human can.
Yes, they do signal opportunities. But those must be evaluated…by you… the human. And this is where technical analysis comes in.
For example, the setup of your stock scanners may alert you of a breakout but did it account for the ‘weight’ of the resistance above? A well-trained analyst will see this at a glance.
The algorithm will detect the setup pattern it is designed for but beyond the science of charts, there’s the art of reading them.
Tools like the TAS Market profile may help you make better stock trading decisions. However, keep in mind that it’s your mental discipline to follow your rules.
Let me rephrase this. To follow your proven rules, that’ll make the biggest difference between being profitable or, ultimately, being among the 90% that quit trading after not being able to bear any more losses.
Experienced traders will also tell you that’s once you’ve learned the technicals, then it’s your mental attitude that counts the most..