MarketProfile - indicator for MetaTrader 4
- 2008.06.05 06:50
- 2014.04.21 14:52
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.
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