Everyone’s looking for an edge when they trade; 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 lets you 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 controls the market. Therefore, it shows you at a glance whether the bulls or the bears are running the show.
Table of Contents
TAS Market Profile Review Introduction
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 hours, and one hour.
If the market is below the green line, 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. Bookmark our daily penny stock list and swing trade watch lists page.
1. TAS Profile Scanner
The TAS Profile Scanner is unique in analyzing 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 lists risk analyzers and market movers.
The scanner also has an ETF Heat Grid board that visually displays 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 in the landscape charts and scanners. Furthermore, the commentary is text-based and refreshes every sixty seconds.
The stock trading tools comment on long-term, intermediate, and short-term time frames.
2. TAS Indicator Suite
TAS Market Map is customizable and flips traditional volume horizontally to 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.
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| HIGHLIGHTS | Solid overall trading platform • Good for futures trading • Ease of use • Reliable • Great customer service • Low commissions TradeStation > | Top charting platform • Customizable scanners and indicators • Easy order entry • Reliable • Great customer service • Low commissions Thinkorswim > | International • Ok customer service • Solid order executions • Low commission fees • Good short locates I. Brokers > |
3. TAS Boxes
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.
5. TAS Vega
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 moves in or out of the balance zone.
6. TAS Ratio
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.
7. TAS PCLS
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:
- Bloomberg
- Cannon Trading
- Daniels Trading
- eSignal
- Futures Online
- GAIN Capital
- Infinity Futures
- MetaTrader 4
- NinjaTrader
- Optimus Futures
- Sierra Chart
- Striker Securities
- Thinkorswim
- Trade Navigator
- TradeStation
- Tradovate
TAS Market Profile Cost Pricing Review
- TAS Market Profile’s Scanner and The EDGE don’t require extra data or a host platform. However, the exception is the TAS Indicator Suite, an add-on requiring a charting platform.
- The price of the TAS Chart Indicators package, including all indicators, is $1,994 per quarter.
- The price of the TAS Profile Scanner is $197 per month.
- Also, The EDGE is $147 per month.
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TAS Market Profile Charts
According to finviz.com, there are over 7,500 stocks in the US Stock Market alone. 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. However, remember 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.
Final Thoughts: TAS Market Profile Review
Tools like the TAS Market profile may help you make better stock trading decisions. However, remember that it’s your mental discipline to follow your rules.
Let me rephrase this. You were following your proven the biggest difference between being profitable or, ultimately, being among the 90% that quit trading after being unable to bear any more losses.
Experienced traders will also tell you that once you’ve learned the technicals, your mental attitude counts the most.
Frequently Asked Questions
Investors cannot purchase shares of TAS Market Profile because the company is privately held.
