Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2014.02.17 13:09
Indicators

Day Trader Market Profile - indicator for MetaTrader 4

| English Español Português 日本語 Deutsch

Views:
45901
Rating:
votes: 17

Author:

Bassam Faramawi.

The indicator Simulates the full structure of the market profile system that described by "James Dalton" in his book "Mind Over Markets" for the market profile day trader including TPOs, POC, RL, VA and IB.

It brings full system to the screen of MT4, as it in the Market profile service providers with the typical interface. It draw the TPOs as letters or blocks the way you want, detects the TPO value area(not the volume VA) of the percentage you detect (0.7 is the default) and shows the Point of control of the day and the Initial Balance plus the opening flag for all of a number of days.

It allows to shift this parameters to next day (or number of days) to help you building the accurate vision of the current formative day. the ability to view the profile of the American, the Euro, the Asian sessions or the hole day session. it has also a pointer to detect the active TPO now.

This Version works only on M30 Time Frame (don't try to switch to another Time Frame).

Input parameters:
  • Step : The step of point between each TPOs.
  • NumberOfDays : Counts the current and last days you want to view their profiles.
  • SessionHalfHours : Number of the half-hours in one session (default = 48 means the hole day).
  • ViewTPOs : To view it or not.
  • TPOs_as_Letters : If true view as letters ( if false view as blocks).
  • ViewOpenFlag : View the open of the session.
  • View_Pointer : View the pointer that point to the active TPo.
  • ViewrangeLine : View range line of the day or session.
  • rangeLine_Shift : The shift to next days or sessions.
  • ViewInitialBalanceLine : View the initial Balance of the session
  • ViewValueArea : View the TPo Value Area by two limit lines
  • ValueArea_Shift : The shift to next days or sessions
  • ViewPocLine : View the Point Of Control of the day or session
  • PocLine_shift : The shift to next days or sessions
  • ViewInformationText : Print the range, TPO Value Area and the Tick Volume of the session.



For who asks about what the Market Profile do, see the strategy tester image (1000% Profit).

MQL4 OnTrade() Alternative MQL4 OnTrade() Alternative

This code is an Alternative of the missing OnTrade() event in MQL4.

Multi Time Frame Bars Visualization v1.6 Multi Time Frame Bars Visualization v1.6

A tool to give us a better market perspective.

VR---Overturn VR---Overturn

Adviser may trade in two modes: Martingale and antimartingeyl ...

MACD vs Signal line MACD vs Signal line

It opens and close transactions depends on MACD vs signal line - upper - opens buy, closes sell, below - closes buy, opens sell.