Hi dinasty,

In the fourth field from top to bottom in the indicator settings, use the "Data source" setting and select "M5 bars" instead of "M1 bars" ...

In MT4 the maximum of the bars you can use is from the selection of this setting.

HI Sergey

i have an surprising function with 2 instance of MT4 on same computer the 2 instances with 10000 history downloaded with tools and same broker/account  for the 2

the same currency on M1

on one i have all lines and level on the second i have only the sell levels not the buy ?

Thanks for your help on this very nice indicator

warmly

hi

it look like it is a problem specific of M1 because on the MT4 instance where i cannot see the m1 buy levels if i pass in M5 i see all levels 

but i am working mainly in M1 ...

thanks

Hello dcau93,

Now I will explain to you what the problem is...

In the MT4 terminal, brokers provide a certain amount of history for currency instruments. When the MT4 terminal for the respective Broker is used for a longer time, this history accumulates over time. Accordingly, the history of bars (candles) for the M1 time frame is the smallest than the history of the major time frames. You can check this by going to the very beginning of the M1 time frame history and placing a vertical line on the last bar (candle). As you move to higher time frames, you will see how much your allowed history is from the M1 time frame. When the history of bars (candles) specified in the indicator settings is greater than the available history of the used financial instrument, the indicator chooses to use the available smaller history of bars (candles). Unfortunately, it should take some time to accumulate history in your MT4 terminals. 

I do not recommend manually downloading quotes from the terminal, because they are not from your Broker and you will have a discrepancy in the data that your Broker provides you!!!

Best Regards

I found a video of the older versions of the indicator. In it I have shown how to safely get the maximum number of bars (candles) for a financial instrument when you first launch it.

https://youtu.be/yEwQOgFDDoo

I hope this helps you…

HI Sergey

i will appreciate a lot if you could bring more light on this 2 points 1 and 2 on my chart to be sure that i understand well what they means

Thanks so much

Warmly

Hello dcau93,

The dotted lines show the volumes already consumed by the price movement. We have left them on the chart so that it is known what volume (of buyers or sellers) the price movement has reacted to. These are inactive volumes. There is nothing in them anymore. If there were any open positions in these places, they have already been closed or transformed into the position of a "Big" player in the market...

The orange diamonds are the volumes from the POC levels, but they are placed at the end of the volume profile. The last diamond shows the volume from the volume profile, but the indicator has not yet decided whether to continue the level or show it closed (in a dotted line).

I have provided the option for different trading styles through the indicator and you can see this on the screens in the indicator description.

Best Regards

HI Sergey

Now this is clear, thanks a lot for this information even one part was already in the screens

i appreciate your way of responding

Thanks

Warmly

HI

Thanks for this link. it help, even i will finish sunday

for historical i have a script which take currency from my market watch

then from my broker and it download bars but i put 10000 now i will put  like you, all 9

i have way to put better

thanks again

sorry for my english, i am not good (i am french) and i do not use translator !

I like very much MR Volume POC it bring me really the "missing" piece of my way of trading

well done

Thanks again

Happy new year

Warmly from Manila, now it is a little bit cold with 26 celcius ah ah ah

Happy new year!!!

dear Author, just bought above pic is btcusd market open now on m5, want to ask for box 1 how come the indicator didn't draw the poc line all the way till the end? and box2,3 how come only dot no line? already loaded history from broker and waited long time, any advice how to fix above issue?

Hello elite luis,

Best Regards

ah working now Author, same as Gold need to add 1 more 0, just written a 5 star review for you too :) is there any instruction that explain the setting on how to use, any recommendation or set or timeframe please pm me?

Hello elite luis,

For me, the most important things to remember are:

01. Trading volume measures the total number of trades entered into for a particular financial instrument over a period of time. It includes the total number of trades completed between a buyer and a seller during a transaction. When the financial instrument is more actively traded, its trading volume is high, and when the financial instrument is less heavily traded, its trading volume is low. The places where a large number of transactions have been done are known by the "Big" players in the markets. The indicator "MR-Volume POC Levels" shows exactly these places. These places are like a magnet for price movement. When the price reaches such a place, then in most cases there is a reaction in the form of a "Correction" of the price movement!!!

02. When a POC level is closed by the price (dotted line level), then a new level appears at the same place and we have a trend reversal, it means the "Market Maker" has provided liquidity to a "Big" player to happen this!!! I also look at which levels have a higher amount of volume than others. The probability of something happening in this area is higher. (See screenshot 1)

03. If you add up the active volumes (those not with a dotted line) of the sellers and buyers, you will get some idea of the current balance of volumes. Of course, this is very conditional, but in some situations it helps when deciding to open a position. (See screenshot 2)

04. The combination of the two indicators - "MR-Volume POC Levels" and "MR-Reversal Patterns" gives very good results in deciding when to open and close positions in the market!!!

Regarding your question about time frames and indicator settings, we have tried to present our view in the default settings in the indicator. Of course you can always change them according to your preferences...

Best Regards