Excellent tool and helpful as a part of your trading strategy. Highly recommened.
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 Value | Description |
|---|---|---|
| Bar History | 1100 | Number of historical Bars to calculate from |
| Level of Detail | 1 | Set
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_Style | 0 | Set the Style of the Volume Area High |
| VAH_Color | Orange | Set the Color of the VAH |
| VAH_Width | 2 | Set the Width of the VAH |
| VAH_Background | true | 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.
Faisal Javed
2019.04.24 23:29
#
Version 1.1
2019.04.09
Initial release
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.