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Market Profile Pro 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)


Features

  • 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.
  • Value areas and volume profile work in any time period and in any market such as: stocks, futures, forex. commodities, etc.
  • 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, 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.
  • Intraday Session 2: Enable or Disable Session 2.
  • Intraday Session 2: Session start time 2.
  • Intraday Session 2: Session 2 End Time.
  • Intraday Session 2: Session volume color 2.
  • Intraday Session 3: Enable or Disable Session 3.
  • Intraday Session 3: Session start time 3.
  • Intraday Session 3: Session end time 3.
  • Intraday Session 3: Session volume profile color 3.
  • Intraday Session 4: Enable or Disable Session 4.
  • Intraday Session 4: Session start time 4.
  • Intraday Session 4: Session End Time 4.
  • Intraday Session 4: Session volume color 4.

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.

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.


jcsinfo
69
jcsinfo 2019.07.29 22:48 
 

How to display histogram right to left..