Description:
The Volume Profile displays detailed informations of historical trading activities at certain price levels (Market Profile).
Locate the areas with the best prices in the market and get an advantage over other market participants.
Support:The indicator is constantly being developed and improved.
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 appreciate any public review for this product!
Features:
- Customizable Market Profile
- Shows the "fair" Value Area with 70% of all Volume
- Shows critical low volume zones
- Shows VPOC, VAL and VAH Points
- integrated resource management to reduce the load while working with multiple charts
- Works on all timeframes
- Automatic calculation your defined timeset in all timeframes
- Drag & Drop for live calculation
- Also available for MT4
- Section POCs (Display multiple POCs and VAL/VAH lines in one Chart)
Settings:
Variable
Standard Value Description
Bar History
1440
Number of historical Bars to calculate from if "Auto calc history" is set to false
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 volatile chart such as BTC.
Mirror to left side
false
Mirrors the whole VolumeProfile to the left side of the chart (Size can be adjusted with "Scale" input)
Horizontal Position (auto)
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"Horizontal Position (manual)
0
Set the X Position of the Indicator on the screen (recommended value is 30 to 60)
Scale
10 Adjust the percentage of the chart, to be coverd by the VolumeProfile Enable History Start line false Enable the History Start line, with which you can choose the calculation start of the Profile - drag & Drop to calculate the VolumeProfile Enable History End line true Enable the History End line, that shows until which candle the VolumeProfile will be calculated - drag & Drop to calculate the VolumeProfile History line width 3 Set the History line width History line color SlateGray Set the History line color Enable Section POC true Enable/Disable the section POC Steps of POC 10 Set the number of POCs Tie to Period separator true ties the sPOC to Period separators Width of POC 2 Width of sPOC Color POC Up Cornflower Blue Set the color for a POC that is higher than the last POC Color POC Down Orchid Set the color for a POC that is lower than the last POC
POC Style solid Set solid or dotted POC Lines Bars in XX XX Set the Bars for every Period if not tied to Period separator Refresh auto
true
Set this to "false" if you want the VolumeProfile to not refresh automaticaly
Refresh rate
10
Adjust the refresh timer (Refresh the VolumeProfile every X seconds). Setting this value too low, will lead to a much slower performance
Auto calc history
false
Set this to "true" to activate the automatic conversion of minutes when the timeframe has changed
History (in Minutes)
1440
Set the time in minutes, that is used for the calculation of the VolumeProfile
Value Area percentage 70 Set the percentage of the Value Area Enable Volume Profile true Set this to "false" if you wish to hide the Volume Profile 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
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
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
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 Set custom History values (below) false Swtich between the general "Bar History" and the custom History values below Bar History XX XX History in Bars if the Time Frame is XX
