• Overview
  • Reviews (3)
  • Comments (8)
  • What's new

Volume by Price MT5

The ' Volume by Price ' indicator is a data visualization tool used to display the complex relations between volume, price and time in various easy to interpret forms and perform basic to advanced technical analysis.

Filter data by any session, segment and use the various highlighting methods to identify key levels and ranges with Volume Profile and Market Profile along with Volume Weighted Average Price, Supply & Demand Zones and Average Daily Range. It also provides labels to indicate the scale and scope of data displayed, and custom styling by attributes such as color, size, area etc. in ways that suit the user's needs and context.

Available for MetaTrader 4 and 5 in three editions ranging in price from $34.95 to $139.95. The Standard edition is for casual users. Load three indicators ("instances") per chart and five segments per instance.

➡ Compare editions volumebyprice.com/overview/editions

➡ Documentation volumebyprice.com/documentation

➡ Examples volumebyprice.com/examples

➡ FAQs and How-to Guides volumebyprice.com/support


Main features

  • Volume Profile - histogram, line graph and stacked bar chart
  • Market Profile - letter and block based markers
  • Market Profile - collapsed and expanded/split structures
  • Volume Weighted Average Price (VWAP)
  • Volume over Time - histogram and bubble chart
  • Supply & Demand Zones - chart pattern based
  • Average Daily Range (ADR)
  • Multiple time frame analysis. Data of selected or all available time frames.
  • Drag and drop or fixed range.
  • Time segmentation. Linear and dynamic.
  • Session filter. Market, overnight and extended trading session hours.
  • Value Area High and Low (VAH and VAL).
  • High and Low Volume Nodes (HVN and LVN).
  • Volume Point of Control (VPOC), Market Profile Point of Control (POC) and Initial Balance (IB).
  • Multiple volume delta visualization methods.
  • Price zone statistics as bar text label or chart table.
  • Multiple indicator instances on the same chart.
  • Keyboards shortcut keys to toggle display.
  • Notifications by mobile app, email or sound alert.
  • Detailed user setup guide and examples with downloadable setting files.
  • Parallel computing with OpenCL supported CPUs and GPUs. Significantly increase computing speed of large datasets.


    Advanced features

    • Data source API. Use data of any provider and designate volume properties.
    • Aggregate API data source series by highest activity.
    • Data environment API. Integrate with MQL applications and scripts.
    • Dynamic and fixed price zone grid. Advantages of both modes.


    ^ "Market Profile" also known as "Time Price Opportunity" TPO (name of the markers used) is a charting technique by J. Peter Steidlmayer.
    ^ "OpenCL" and the "OpenCL" logo are trademarks of Apple Inc. used by permission by Khronos® Group.
    ^ "Volume by Price" VBP as charting technique is also known as "Volume Profile" VP, "Volume at Price" VAP, "Volume on Price" VOP, "Volume per Price" VPP, "Price by Volume" PBV, "Price at Volume" PAV, "Price on Volume" POV, and "Price per Volume" PPV.
    Adeshola Adeyinka
    241
    Adeshola Adeyinka 2020.06.20 05:55   

    Well I haven't been able to use it and all support channels are not working. So I can't give an honest review till I put it to use. When I have used it I will review and allocate star ratings.

    João Cavalcante
    536
    João Cavalcante 2019.05.18 21:00 
     

    Very versatile volume and market profile indicator indeed. Glad to have found it. It is the only one available in metatrader market capable of creating profiles with data concatenated from multiple contract months. Delighted to finally see such a feature. Other platforms seem to struggle to get it done. Surprised the mt4 version features it as well. Takes a while to setup and requires some pre-knowledge but as any futures trader knows profiles are most accurate if data from consecutive contract months is aggregated and selected by highest trade activity. Some of the futures traders I know won't even look at a profile which isn't.

    dbaumann
    40
    dbaumann 2019.04.30 01:36 
     

    Best alternative to sierra chart for market and volume profiles.

    Version 5.161 2020.05.04
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    Version 5.15 2019.12.30
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