Market Profile is an amazing tool!
It is also known as Volume Profile.
With it you can identify regions of strong and weak negotiation, finding regions of accumulation (support and resistance), thus seeing the market with other eyes.
Instead of measuring each candle volume as default volume indicator does, the Market Profile measure the volume by price .
Demo version: https://www.mql5.com/pt/market/product/39828
Configurations:
- MAIN OPTIONS
- From period - period to extractvolume data.
- To period - period which will be showed the data.
- Position - position on chart, left side or right side of window.
- Precision - volume reading accuracy. Higher accuracy more CPU consumption.
- Seconds to update data - seconds to update volume data. Scalpers must use 1-5 seconds. Swing traders 60-300 seconds.
- APPEARANCE
- Type - line or rectangle type.
- Width - that is it :)
- Size - that is it :)
- Color - that is it :)
- Fill with color - fill rectangles with color (off = borders only).
- Behind candles - draw behind chart.
Any question or suggestion please contact us!
Enjoy!
