MR Volume Profile Rectangles 5
- Indicatori
- Sergey Khramchenkov
- Versione: 2.0
- Aggiornato: 2 marzo 2026
- Attivazioni: 20
"MR Volume Profile Rectangles 5" is based on the indicator "VP-Range: Volume Profile (on time range) v6.0. © FXcoder". When we settled on the original indicator ("VP-Range-v6"), we spent a lot of time comparing the volumes with those from the volume profile in the NinjaTrader 8 terminal with the CQG datafeed. The settings of EURUSD-6E, GBPUSD-6B, AUDUSD-6A, and other currency pairs were compared. The author of the original indicator, the basis of which we use, chose not to show the VAH and VAL zones, but to show other maximums. These are "modes" of distributions to use as support and resistance levels. Over time, we became convinced that we could create an indicator similar to the one in NinjaTrader 8 to meet our needs in the "Masters of Risk" trading system.
The features of our indicator are as follows:
- The indicator shows the total traded volume at each price level that is within the rectangle. The definition of "POC" (point of control) is calculated according to the classical formula.
- VAH and VAL zones are not displayed, but instead, we have "modes" of distributions (other maximums) to use as support and resistance. It is important to remember that "modes" of distributions (other maximums) over a longer time range carry more weight.
- Volume profile can help provide a clear view of market structure and identify where major players are trading.
- The "POC" and "modes" offer reliable support and resistance levels.
- With the "+" button, you can add a profile, and with the "x" button, you can delete it.
- Using the "L" button, you can extend the "POC" and "modes" of distributions (other maximums) levels.
- Below the profile rectangle, you can see the sum of the total traded volume within the rectangle.
- When combined with other forms of analysis, "MR Volume Profile Rectangles 5" can help improve your trading strategy significantly.
- In combination with the "MR Range Breakouts 5" indicator, you can see where the places with the highest concentration of open positions in the range are. In a "Seller's range", buyers remain locked in a range—the area below the "POC" volume level. In a "Buyer's range", sellers remain locked in a range—the area above the "POC" volume level.
- In combination with the "MR Reversal Patterns 5" indicator, you can see how volumes are distributed in the "Reversal Patterns". Volumes in the "Reversal Patterns" structure are like fingerprints.
- In combination with the "Volumes and Sentiments 5" indicator, you can see the imbalance of volumes in the "volume profile" of the range.
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For MetaTrader 4 https://www.mql5.com/en/market/product/63850
Indicator settings:
Data source: - Here you can select the time frame from which volume data will be used. By default, the "M5" time frame is selected. The most accurate data is from the "M1" time frame, but the amount of data is limited by the number of bars in the terminal.
Volume types: - The option provides a choice of using "Tick" volumes or "Real" volumes. Note: To use real volumes, your broker must provide them in the MetaTrader terminal.
Points in 1 Pip: - Offers you a choice of the number of Points in 1 Pip.
Step in pips to determine the "Mode": - Provides an option to manually enter a pips amount to determine other maximums ("Modes" of distributions). By default, 10 pips is used, but for financial instruments of types such as NAS100, XAUUSD, BTCUSD and others, you can set the values to 20 or 30 pips. The greater the number of pips used to determine the maximums, the more their number is reduced.
Section Visual Settings
Color for Rectangle: - Color for the rectangle.
Color for "POC" (Point Of Control): - Color for "POC" (Point Of Control).
Color for "Mode" (other Maximum): - Color for "Mode" (other Maximum).
Line style for "POC" / "Mode" levels: - Line style for "POC" / "Mode" levels. By default, the "Dash" line style is selected.
Histogram color 1: - Histogram color for small volume amounts.
Histogram color 2: - Histogram color for large volume amounts.
