Market Profile is a tool widely used by futures traders.
Market Profile MetaTrader is a standard solution of the Market Profile that displays the statistical time distribution of the price, price area and control value for the day trading session. The indicator is based on the simple price movement and does not use standard MetaTrader 5 platform indicators.
More information on the Market Profile can be found in:
See also the article "The Price Histogram (Market Profile) and its implementation in MQL5".
The author implemented different colors for the indicator: green is for the Asian session, blue is for the European one, while violet is for the American session. Working periods are M30 and M15.
The mode is drawn in gray.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 23.03.2006. In MQL5 this indicator is presented as MarketProfile.mq5 file.
Besides, one more version of this indicator is available (MarketProfile_.mq5).
This indicator can be added to M5, M15 and M30 charts to show market profile for day sessions. Though M5 timeframe is much more accurate, M30 is recommended for more clarity. Also, it is a standard market profile calculation method. Three different color schemes are available for profile blocks drawing.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/501
Fisher RVI is an oscillator that modifies RVI (Relative Vigor Index) custom indicator values using Inverse Fisher Transform.XOSMA Oscillator
Four-colored histogram of OsMA (Moving Average of Oscillator) allowing to implement different smoothing algorithms.