This is good indicator on this post (made by MrTools) - Market Profilex (the indicator is on this post to download)
Forum on trading, automated trading systems and testing trading strategies
Elite indicators :)
William Snyder, 2011.02.06 07:05
Market Profilex draws market profile and some sort of pivots from the profile!
New MT5 Terminal and the mql5 indicator.
It's great. I regret the non presence of second POC but like the virgin POC.
Normal day on EurUsd during the asian session.
On the european session, it's possible to continue in the range.
To the rytmn of peaks & valleys.
I am seller of GbpUsd today.
I am buyer EurUsd on the valleys.
I sell EurUsd in the valley !!
Before the ECB i trade the previous range (yesterday value area).
Before the BCE at Paris 13:30, $EurUsd rejects the ValueArea of before day before, like yesterday, without to go to seek the VirginPoc. 1.23616>1.24039Rather purchasing as long as one does not settleunder 1.23616.If not, I aim 1.23230 downwards.
Hum ! Before ECB, string ! lol