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VolumeProfile

Descption:

The Volume Profile displays detailed informations of historical trading activities at certain price levels.

So you can locate the areas with the best prices in the market and get an advantage about other market participants.


Features:

  • Customizable Volume Profile
  • Shows the "fair" Value Area with 70% of all Volume
  • Shows critical low volume zones
  • Shows VPOC, VAL and VAH Points
  • Works on all timeframes
  • Also available for MT5
  • Fast Support

Settings:

Variable
 Standard ValueDescription
Bar History
1100
Number of historical Bars to calculate from
Level of Detail
1Set the resolution for the profile. For protection purposes the level of detail will be automaticaly recalculated if you open a high volume chart such as GOLD or BTC.
Auto set X-Position
true
- Set this value to "true" to let the volume profile automaticaly align to your screen.
- Set this value to "false" to ajust the X-Position with the variable "X-Position"
X-Position
0
Set the X Position of the Indicator on the screen (recommended value is 30 to 60)
Scale
4
Adjust the size of the volume levels (The Scale will set automaticaly if too high)
Profile_Color
Green
Color of the area with 70% of all volume (fair value area)
Profile_Color_VLow
OrangeRed
Color of the areas with low volume
Profile_Background
true
Set the profile to background
POC_Style
0
Set the Style of the Point of Control
POC_Color
Green
Set the Color of the POC
POC_Width
1
Set the Width of the POC
POC_Background
true
Set the POC to background
VAL_Style
0
Set the Style of the Value Area Low Line
VAL_Color
Orange
Set the Color of the VAL
VAL_Width
2
Set the Width of the VAL
VAL_Background
true
Set the VAL to the Background
VAH_Style0
Set the Style of the Volume Area High
VAH_ColorOrange
Set the Color of the VAH
VAH_Width2
Set the Width of the VAH
VAH_Backgroundtrue
Set the VAH to the Background


Support:

The indicator is constantly being developed and improved.

Please do not hesitate to contact me via the MQL5 Platform. I am very grateful about any Bug report, so that i can constantly improve the indicator.







No reviews
Version 1.29 2019.04.16
- Code optimizations

Bug fixes
- fixed incorrect end of lines at specific indicator settings
Version 1.28 2019.04.08
Bug Fixes
- the mt4 app now doesnt freeze in monthly view anymore
- the indicator now draws the lines correct, if the chart is shifted
Version 1.27 2019.04.06
Bug fixes
- fixed a bug, where other graphical objects in the chart have been removed

Features
- Deleted the mode selection, because of high performance increases
-> The indicator will now only redraw if:
1. A new bar appears
2. The chart is zoomed in or out
3. The period of the chart changed
4. The Autoscale function set the scale
Version 1.26 2019.04.03
General:
- performance increases
- bugfixes

Scaling:
- Set initial Scale value to 4
- Reset Scale to initial value if zoomed
- If the scale is too high, the lines dont cross the bars anymore (if Chart shift is turned on)
Version 1.25 2019.04.02
- Bug fixes
- Smoothing in smaller timeframes
Version 1.24 2019.03.27
- Bug fixes
Version 1.23 2019.03.26
Implemented the function "Auto set X-Position"
- Set this value to "true" to let the volume profile automaticaly align to your screen.
- Set this value to "false" to ajust the X-Position with the variable "X-Position"
Version 1.22 2019.03.23
- Further performance increases for low end clients and Live Mode
Version 1.21 2019.03.23
- Disabled the output
Version 1.2 2019.03.23
- Changed some calculations, so that the overall look is now much smoother and you can see the volume highs clearer
- Changed the initial value for the "Calculation mode" to "Live" in consequence of the last update
- Improved the performance in "Live" Mode
Version 1.1 2019.02.10
I implemented a new Auto Detail function. If you open up a high volume chart, such as Gold or BTC, it calculates the level of detail by the overall volume. This function only triggers at a specific volume size, so that its only for protection purposes against performance issues.