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:
For who asks about what the Market Profile do, see the strategy tester image (1000% Profit).
This code is an Alternative of the missing OnTrade() event in MQL4.Multi Time Frame Bars Visualization v1.6
A tool to give us a better market perspective.