Market Profile Track Volume Levels
IMPORTANT PIECE OF INFORMATION: the demo is not working properly because of problems related to MQL.
The indicator is fully working.
If you want to try it or buy it please get in touch by email first email@example.com or via MQL message service.
If you want to buy on MQL5 please drop me a message and I will send you also the indicator via message service. This indicator is working like in the pictures, 100%.
With me you have prime customer service. You are never left alone.
I really suggest to get the product on ebay, it is cheaper and I will send you via email the fully working indicator with PDF on how to trade with Market Profile. It is also more secure as fully refundable via Paypal. If it won't work you will have your money back 100%. Trust me.
Hello dear traders.
I have been trading from 10 years and in my opinion market profile is the way to successful long term trading without headache. This is the system that more closely resembles the way big institutions trade long-term. I extensively use it to build cumulative positions for indexes like S&P, NASDAQ, DAX, etc. But it is also very good for FOREX majors and commodities.
Market Profile was firstly presented by Peter Steidlmayer in Chicago. He realized that volume distributes around certain price levels forming a Gaussian curve. The Gaussian curve was introduced by mathematician Gauss to study the distribution of errors and it is nowadays the most extensively used probability model to predict many real life phenomenons, such as weather forecast. If you would like to dive more into the subject I will be happy to send you a PDF of the book "Mind Over the Market" and other books that explain Market Profile in details. If you buy the indicator I can also recommend you a very good online course on Market Profile only.
Market Profile will trace, on the chart, levels at which there were accumulated volumes and mark each culminating volume peak as "volume point of control", these become very sensible price levels in the future. Observing how price action moved when those big volumes formed we can predict that if the price was to go back at those levels again, there is the likely chance that it will bounce at least of some pips (10 - 15 pips for example).
Market Profile has a timeframe of its own which is Daily, Weekly or Monthly and it is advisable to be used with the following time charts configurations:
- M30 (and H1) chart with market profile timeframe D (for daily and weekly trades)
- H1 and H4 chart with market profile timeframe W (for weekly and monthly trades)
- D chart with market profile timeframe M (for very long term trades)
Market profile timeframe is always bigger than the timeframe of the chart we place it because it is an instrument that gives us further look over the market but makes us precise with our entries into the market.
Cautiously avoid using market profile in days when there are high impact macroeconomics news: such as interest rate decisions, central governors speeches or national elections, because big movements driven by this events would make prices break levels.
Market profile is a very good strategy for swing traders and it is suitable to build long term cumulative (or pyramid) positions on a certain financial instruments. However,Before placing a long term trade, lasting weeks or even months, please be careful and check the SWAP that your broker applies to the instrument you are going to trade or you will end paying a lot of possible gains in SWAPs (in MT4 right click in “Market Watch”, and select “Symbols". Select a symbol and click “Properties”). For long term trades also you had better to check COT (commitments of traders) to picture yourself what other big investors are doing.
I have attached a few pictures with explanations that show real life examples of how market profile can be used. I find it extensively valuable to find good swing entries on bullish markets such as S&P500.
If it is used in conjunction with "OHLC multi time frame moving average" and "demand-supply indicator" it will become even more powerful.
Please ask me any question and I will be happy to reply. If you would like to.
This below is a live account example of the results that can be achieved with Market Profile:
I am sure you will find this indicator extremely helpful.
The market is unfair if only because 10% of participants manage 90% of funds. An ordinary trader has slim changes to stand against these "vultures". This problem can be solved. You just need to be among these 10%, learn to predict their intentions and move with them. Volume is the only preemptive factor that faultlessly works on any timeframe and symbol. First, the volume appears and is accumulated, and only then the price moves. The price moves from one volume to another. Areas of volume accumu
TWO PAIRS SQUARE HEDGE METER INDICATOR Try this brilliant 2 pairs square indicator It draws a square wave of the relation between your two inputs symbols when square wave indicates -1 then it is very great opportunity to SELL pair1 and BUY Pair2 when square wave indicates +1 then it is very great opportunity to BUY pair1 and SELL Pair2 the inputs are : 2 pairs of symbols then index value : i use 20 for M30 charts ( you can try other values : 40/50 for M15 , : 30 for M30 , : 10 for H1 ,
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Features Supports the creation of Monthly, Weekly, Daily, 4 Hours, 1 Hours and 30 Minutes Market Profile. Daily Profile can have custom start time. Merge and Split of Market Profile Market Profile References Point can be exported to CSV format for any further analysis. Indicator Parameters Indicator Update Interval - Choose indicator calculation period from 250 milliseconds to 2.5 seconds Indicator Setting ID - An ID for this particular indicator setting. Profile Number - The Number of Market
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Accuracy of correct predictions 83%! This indicator was tested on the basis of real statistics for all market indicators according to indicators for 3 months of trading. 83% of correct trade forecasts for usd / jpy on the m30 time frame were received on our statistics! if you have any questions, please contact us in private messages or in discussions under this indicator and we will figure it out and help any questions will arise personal messages or in discussions under this indicator As soon
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