Volume Profile Trade Advisor
- Utilities
- Jefferson Judge Metha
- Version: 1.0
Volume Profile is a charting tool that displays the trading volume of a particular asset at various price levels. It provides traders with valuable insights into the distribution of volume over specific price intervals, which can help identify significant support and resistance levels, as well as potential areas of high trading activity.
The input parameters for the Volume Profile EA in MT5 are as follows:
1. RangeMode: Determines the mode for calculating the volume profile. The available options are "VP_RANGE_MODE_BETWEEN_LINES" (calculates profile within two specified lines) and others.
2. RangeMinutes: Specifies the range in minutes for calculating the volume profile if RangeMode is set to a time-based mode.
3. ModeStep: Represents the mode step in points. It determines the range interval for each mode level on the volume profile.
4. HgPointScale: Specifies the scale for the price levels displayed on the volume profile.
5. VolumeType: Defines the type of volume used in the calculations, such as tick volume or real volume.
6. DataSource: Determines the source of data used for the volume profile calculations, such as M1 (one-minute) data or other timeframes.
7. ModeColor: Sets the color of the mode line on the volume profile chart.
8. MaxColor: Defines the color for the maximum volume level on the profile.
9. MedianColor: Specifies the color for the median line on the volume profile chart.
10. VwapColor: Sets the color for the Volume-Weighted Average Price (VWAP) line on the profile.
11. ModeLineWidth: Determines the width of the mode line on the chart.
12. StatLineStyle: Specifies the line style for the median and VWAP lines.
13. ModeLevelColor: Sets the color of the mode level lines on the volume profile chart.
14. ModeLevelStyle: Determines the line style for the mode level lines.
15. Id: Represents the identifier for the volume profile.
16. ShowHorizon: Enables or disables the display of data horizon on the chart.
17. Zoom: Sets the zoom level for the volume profile chart.
18. WaitMilliseconds: Determines the wait time in milliseconds before recalculating the volume profile.
19. TimeFromColor: Sets the color of the left border line representing the time range on the chart.
20. TimeFromStyle: Determines the line style for the left border line.
21. TimeToColor: Sets the color of the right border line representing the time range on the chart.
22. TimeToStyle: Determines the line style for the right border line.
23. HgWidthPercent: Specifies the width of the histogram on the volume profile chart as a percentage of the chart width.
These input parameters allow users to configure various aspects of the Volume Profile EA, including the calculation mode, source of data, color scheme, line styles, and other visual properties. Additionally, there are additional input parameters related to the Wave and Trade settings, which control the trading behavior of the EA based on the volume profile analysis.
great stuff right there