Blahtech Market Profile MT5
- Blahtech Limited
- Version: 3.8
- Updated: 7 February 2022
- Activations: 8
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the needs of all profile traders. It delivers functionality usually only available on futures platforms and adds innovations like auto switching of focus and the backtest mode.
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- Configuration presets for schedules on higher timeframes
- Auto switching of focus to next active session
- Highlight of business rules – Open, IB Extension and Rotation Rules
- Multi-session display
- Backtest directly on the chart
- Custom session times
- Custom intervals and timeframe period
- Market and volume profiles
- Overall market and volume profiles
- Text based TPO profiles
- Configurable TPO start letter
- Value area, Volume value area
- Initial balance, Point of control
- Fast access hot-keys
Seven buffers, see full documentation for details
Full parameter documentation - https://www.mql5.com/en/blogs/post/700844
- Configuration Preset – Choose custom or predefined schedules. Hotkey “0”
- Intervals- Number of interval periods to display
- Interval Period - Timeframe of the intervals (Days)
- TPO Period - Timeframe for each TPO row (30 mins)
- TPO size
- TPO Schedule 1-7
- TPO Schedule Names
- TPO Schedule Display - Single / Multi. Hotkey “/”
- TPO Schedule Active Mode - Auto/Man. Hotkey “.”
- TPO Active Schedules - e.g. 2,1,3
- Profile Lines - Choose which lines are shown on chart. Hot-Key "L"
- Profile Lines Colour 1-7, styles, fonts
- Profile Lines Width Horizontal
- Profile Lines Width Vertical - (0 to remove)
- Profile Lines Titles - Choose the titles to be displayed on the chart
- Profile Lines Extend Active Schedule - Extend previous active schedule lines to the next interval
- Overall Volume - Display graphic profile. Hot-Key "M"
- Overall Volume Interval Period - Timeframe of the intervals (Days)
- Overall Volume TPO Period - Timeframe for each TPO row (30 mins)
- Overall Volume TPO size
- Overall Volume TPO Outline - Outline style (Single line). Hot-Key "K"
- Overall Volume TPO Size
- Overall Volume TPO Offset (Bars)
- Overall Volume Max Width (Bars)
- Overall Volume Highlight Value Area
- Overall Volume Custom Schedule
- Overlay Charts - Display graphic profile. Hot-Key "N"
- Overlay Charts Join Lines - Separators between each TPO. Hot-Key "J"
- Overlay Charts Colours x7
- Profile Text – Display text profile at the sides of the chart. Hot-Key "V"
- Profile Text Colours x6
- Profile Text Show Rows - Set limit for the maximum number of TPO rows to display
- Profile Text First Letter - Start char for TPO letters (A)
- Summary Text Font, Size, positions
- Summary Text Composite Day Text
- Hot Keys - Display Hot Keys dialog. Hot-Key "H"
- Hot Keys Text Size, Positions
- Hot Key Map - Keyboard hot-key input map - Allows the user to re-assign the hot-keys
- Instance Id - Unique id for multiple instances per chart
- Calculator Tpo Size Factor - Normal/Large TPO scaling. Hotkey “T”
- Calculator Value Area Percent - TPO within the Value Area (70%)
- Calculator Value Area Detection – Equal Hi/Low Method - Methodology when equal TPO above/below POC
- Calculator Recalculate Tolerance (Percent TPO Size) – Schedules, Overall - Control price recalc triggers
- Configuration Presets – Overall Volume Intervals – Override for presets
- Profile End Realtime Colour Early (mins) - Stop the developing profile early
- Backtest Mode Expire Time (mins) - Auto disable backtest
- GMT Offset - Use Daylight Savings - Use Daylight savings. Adjust the time by 1 hour in March/September
- GMT Offset - Manual GMT offset in seconds
This is a powerful tool for a serious intraday trader. It is highly customizable and full of unique features second to none on the market.