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Indicators: MarketProfile

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Automated-Trading
Admin
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Automated-Trading  

MarketProfile:

Market Profile is a tool widely used by futures traders.

Market Profile MetaTrader is a standard solution of the Market Profile that displays the statistical time distribution of the price, price area and control value for the day trading session. The indicator is based on the simple price movement and does not use standard MetaTrader 5 platform indicators.

See also the article "The Price Histogram (Market Profile) and its implementation in MQL5".

The author implemented different colors for the indicator: green is for the Asian session, blue is for the European one, while violet is for the American session. Working periods are M30 and M15.

Author: Nikolay Kositsin

MarketProfile

Besides, one more version of this indicator is available (MarketProfile_.mq5).

MarketProfile_

Sergey Golubev
Moderator
94683
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Something Interesting in Financial Video February 2014

newdigital, 2014.02.10 12:10

Kevin 'Huddy' Hudson - The Basics of Market Profile

Kevin “Huddy” Hudson is a full-time trader and coach to fellow traders specializing in the S&P E-mini futures contract. He has spent many years perfecting his entry and exit techniques using channels and trend lines along with critical Market Profile levels to find and trade both minor and major support areas. He has made a living trading the markets for more than a decade. As the founder of Channel-Trading.com, Huddy loves to pass along his thoughts about the market and trade ideas to subscribers and students. Nothing makes him happier than seeing a student actually “get it”.

In this webinar we will cover the basics of market profile

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MT5 CodeBase :

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Sergey Golubev
Moderator
94683
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Something Interesting in Financial Video February 2014

newdigital, 2014.02.10 12:13

Introduction to Market Profile

Learn from the professionals how to apply Market Profile charting techniques to the intraday futures markets in this webinar.

Christopher Morris has been involved with Futex for a decade, having joined in July 2002 after graduating from the University of Manchester with a BA in Economics and Finance. Having cut his teeth trading European fixed income and global FX futures markets, Christopher now owns, manages and develops a portfolio consisting of two systematic trading strategies applied to twenty four different futures markets.

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MT5 CodeBase :

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External articles :

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