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2008.06.05 06:50
Indicators

MarketProfile - indicator for MetaTrader 4

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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 Software Corp.
Original code: https://www.mql5.com/ru/code/8115

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