free market profile indicator for mt5
Hi im looking for a free market profile indicator for MT5, ive had a look around on the site, but i cant seem to find any can anyone help me out
- The Price Histogram (Market Profile) and its implementation in MQL5 - article with indicator (MT5)
- MarketProfile - indicator for MetaTrader 5
- The market search results (there are some free tools there).
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How to make a search on the forum/CodeBase/Market/Signal/etc
https://www.mql5.com/en/forum/193510
The Price Histogram (Market Profile) and its implementation in MQL5
- www.mql5.com
The Market Profile was developed by trully brilliant thinker Peter Steidlmayer. He suggested to use the alternative representation of information about "horizontal" and "vertical" market movements that leads to completely different set of models. He assumed that there is an underlying pulse of the market or a fundamental pattern called the cycle of equilibrium and disequilibrium. In this article I will consider Price Histogram — a simplified model of Market Profile, and will describe its implementation in MQL5.
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