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Market Profile MT5

"Market Profile is based on the normal distribution curve, wherein approximately 70% of the values fall within one standard deviation of the average.

A normal distribution curve assumes that the number of occurrences follow a bell-shaped curve. Anyone who has traded in the markets, however, knows that prices never follow a definite pattern; in fact, you rarely see a normal distribution. What you do see are skewed distribution of prices, which makes it possible to see the price at which most of the trades actually took place. This provides significant clues about the direction of prices and is the groundwork for understanding Market Profile. In theory, this helps the trader identify where prices are in relation to values.

Monitoring price distribution over time gives insight into what levels are considered fair and unfair. You may take advantage of this information and identify good trading opportunities." (Gopalakrishnan, 2002. Market Profile Basics. Technical Analysis of STOCKS & COMMODITIES magazine)


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    Features

    • (Only in PRO version) No water mark.
    • (Only in PRO version) Value area lines (POC, VAH and VAL) of the present and the past separately customizable, making it easier for the trader to read on the most important levels.
    • (Only in PRO version) Value areas and volume profile work in any time period and in any market such as: stocks, futures, forex. commodities, etc.
    • (Only in PRO version) Customizable volume profiles color in single color or gradient. The gradient offers the view of how the volume behaved over time.
    • Customizable performance setup.
    • Allowed to set the number of sessions in which market profiles are displayed.

    Input Parameters Tab

    • Basic Configuration
    • Time Shift Minutes: Moves the session to the right or left.
    • Single Color: Schemes that are selected with Single Color will receive this color.

    • Point Multiplier: Point multiplier for volume profile object generation. ATTENTION: The smaller, slower. This will depend on the power of your computer.
    • Delay (in seconds) for updating: Delay in updating the indicator. ATTENTION: The smaller, slower. This will depend on the power of your computer.

    Daily, Weekly, and Montly Configurations

    • Session Type: Intraday. (Only in PRO version) Daily, weekly or monthly.
    • Session to Count: Number of sessions that will display the market profiles.
    • Color Escheme: Color of the volume profile.
    • Weekend Resolve: Include or not weekends in the calculation.

    Intraday Configuration

    • Intraday Session 1: Enable or Disable Session 1.
    • Intraday Session 1: Session start time 1.
    • Intraday Session 1: End session time 1.
    • Intraday Session 1: Session volume color 1.
    • (Only in PRO version) Sessions 2, 3 and 4.

    (Only in PRO version) Past Value Area Ray (Line) Configurations

    • Point of Control Color (POC): Color of POC.
    • POC Style: POC line style.
    • POC Width: POC line thickness.
    • Value Area High Color (VAH): Color of VAH.
    • VAH Style: VAH line style.
    • VAH Width: VAH line thickness.
    • Value Area Low Color (VAL): VAL color.
    • VAL Style: Line style of VAL.
    • VAL Width: Line width of the VAL.

    Current Value Area Ray Configurations

    • POC: POC color.
    • POC Style: POC line style.
    • POC Width: POC line thickness.
    • VAH: Color of VAH.
    • VAH Style: VAH line style.
    • VAH Width: VAH line thickness.
    • VAL: Color of the VAL.
    • VAL Style: Line style of VAL.
    • VAL Width: Line width of the VAL.

    (Only in PRO version) More Value Area Ray Configuration

    • Show Value Area Rays: VAHs and VALs that will be displayed in the current session: current, previous, current and previous, all previous or all.
    • Show POC Rays: POCs that will be displayed in the current session: current, previous, current and previous, all previous or all.
    • Rays Intersections: Interrupt or no the way of the market profiles between sessions.


    Reviews 8
    Marco Montemari
    15497
    Marco Montemari 2020.05.17 12:03 
     

    Very good, thanks

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    Valentin Butorin
    1089
    Valentin Butorin 2020.07.23 14:26 
     

    User didn't leave any comment to the rating

    Marco Montemari
    15497
    Marco Montemari 2020.05.17 12:03 
     

    Very good, thanks

    Emil Neumann
    76
    Emil Neumann 2019.06.26 22:16   

    User didn't leave any comment to the rating

    Maurício Ferrari
    86
    Maurício Ferrari 2019.06.22 02:47   

    User didn't leave any comment to the rating

    Samuel White
    60
    Samuel White 2019.06.20 00:15   

    User didn't leave any comment to the rating

    Mohammed Nawaz
    48
    Mohammed Nawaz 2019.06.19 21:41 
     

    What a disgrace to the work of Mr. Jayanthi Gopalakrishnan.

    aworth55
    102
    aworth55 2019.06.18 13:02 
     

    Who allows this?

    Market Profile without TPO markers?!?

    This must be detrimental to the perceived quality of the market's products in general. It is for me.

    I didn't assume the same checks and standards as with App Store but seeing this product above genuine ones makes me wonder what is going on.

    Thomas Fairhurst
    1182
    Thomas Fairhurst 2019.06.15 10:02 
     

    No Good, indicates false values at wrong coordinates. Developer certainly doesn't understand Market Profile. Shows INCORRECT values. No way of checking within indicator, beware!

    Version 1.6 2019.05.27
    * Fixed version features.
    Version 1.5 2019.05.26
    * Improvements implemented.
    Version 1.4 2019.05.25
    * Fixed color scheme "Without Color".
    Version 1.3 2019.05.24
    * Improvements implemented
    Version 1.2 2019.05.24
    * Improvements implemented
    Version 1.1 2019.05.24
    * Some parameters have been reorganized