Volume Profile Pro MT4
- Indicators
- Version: 1.0
- Activations: 20
Volume Profile Pro Indicator
This indicator is the Volume Profile Pro tool, designed to help analyze "at which price level the most trading activity occurred." It comes with these additional special capabilities:
1. Display Modes
-
Volume Profile (Standard): Shows the Total Volume at each price range to visualize key support and resistance zones.
-
Delta / Money Flow: Shows the "difference" between Buy and Sell pressure (Buy vs Sell) to indicate who controls the market at that price. You can choose to display this as either Volume or Money Flow.
2. Calculation Modes
The highlight of this Pro version is the flexibility in selecting the time range:
-
Fixed Mode: Sets a fixed number of lookback bars (e.g., the last 100 bars).
-
Dynamic Mode: (Key Feature) A Vertical Line will appear. You can use your mouse to "drag this line" to any point on the chart. The indicator will instantly calculate the Profile from that point to the present. This makes it very easy to analyze specific Swings or Trends.
3. Key Levels
-
POC (Point of Control): The extended red line represents the price level with the highest Volume or Money Flow. It serves as a significant reference point for price attraction (magnet).
-
Data Labels: Detailed numbers showing Volume, Value, and Buy/Sell percentages for each bar.
A Volume Profile where you can customize the starting line as you like and look inside to see who controls the market (Buyers or Sellers).
