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Indicators

MarketProfile - indicator for MetaTrader 4

Avals | English Русский 中文 Español Deutsch 日本語 Português
Views:
27690
Rating:
(16)
Published:
2008.06.05 06:50
Updated:
2014.04.21 14:52
marketprofile.mq4 (4.66 KB) view
mp.gif (25.95 KB)
Download as ZIP, How to download code from MetaEditor

The indicator draws the market profile.

References about market profile:


E. Naiman. The Way to Financial Freedom.
J. Piper. The Way to Trade.



The author colored sessions: yellow - Asian session, blue - European session, red - American session. It displays results on M30 and M15.



Parameters:


StartDate - for backtesting (from what date to start drawing)


lastdayStart - if it is 'true', then it draws up to the last day (StartDate is ignored)


CountProfile - set how many profiles should be drawn.


Mode is drawn in white. Volume is not considered. There are situations where it considers volumes, but it 99% matches it. IMHO, it is of no importance for Forex.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/8115

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