• Overview
  • Reviews (2)
  • Comments
  • What's new

VolumeProfile MT5

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 MT4
  • 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.








James Lavoie
55
James Lavoie 2019.05.14 15:18 
 

I don't want to be harsh but its a complete waste of money.

Less function than the FREE volume profile indicator available in the code base.

The addition of horizontal lines for vpoc and value areas don't do it for me and certainly not justify 150 USD.

Values are not displayed identically when switching tf's and scrolling, something is wrong.

Works on all timesframes but does not use data of all time frames. Somewhat misleading description, and a big difference.

Disappointed, but my own fault.

Faisal Javed
845
Faisal Javed 2019.04.24 23:29 
 

Excellent tool and helpful as a part of your trading strategy. Highly recommened.

Version 1.1 2019.04.09
Initial release