Descption:
The Volume Profile displays detailed informations of historical trading activities at certain price levels (Market Profile).
So you can locate the areas with the best prices in the market and get an advantage about other market participants.
Support:
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.
I also appreciate any public review for this product.
Features:
- Customizable Volume Profile / Market 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 MT5 ( https://www.mql5.com/en/market/product/37391 )
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
10 Adjust the size of the Indicator on the Chart (represents the % the Profile will cover of the Chart) 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
Value Area percentage 70 Set the percentage of the Value Area Enable Point of Control true Enable/Disable POC Line 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
Enable Value Area Low Line true Enable/Disable VAL Line 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
Enable Value Area High Line true Enable/Disable VAH Line 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
