Volume Profile Forex MT4
Session Volume Profile is an advanced graphical representation that displays trading activity during Forex trading sessions at specified price levels.
The Forex market can be divided into four main trading sessions: the Australian session, the Asian session, the European session and the favorite trading time - the American (US) session.
Intraday Volume Profile - This is a visualization tool for understanding the high activity zone and low activity zone, as part of the D1 senior timeframe.
The volume profile provides an excellent visual image of supply / demand at each price for the selected timeframe. Introducing POC - Point of Control, which indicates the price at which the maximum volume was sold, as well as Value Area - the area where 68% of the instrument's assets are traded.
POC - profile can be used as support and resistance for intraday trading.
VWAP - Volume Weighted Average Price.
ATTENTION!
- For the indicator to work, a history of M1 is required, the deeper and fuller it is, the more qualitatively the profile will be built. The story should be downloaded only by your broker !
- The use of the indicator in automated systems is not possible for technical reasons.
- If the RedrawObjects parameter is set to false , then after restarting Terminal.exe, previously created profiles will not be rebuilt, the construction of profiles will begin from the closing date of Terminal.exe .
The indicator includes 3 types of profile:
- VisualVolume - Volume based on the Volume Indicator for MT4, visually shows the strength of the market. Unlike standard Volumes, it filters tick volume noise.
- TickVolume - Standard tick volume from MT4.
- Price - Tick price.
Input parameters:
- TypeProfile - profile types;
- DigitsSet - the number of decimal digits that determine the accuracy of the price of the current chart symbol.
- Width - width (DigitsSet dialing step)
- ShiftOn - number of days (history)
- Histogramdepth - depth of the histogram, if there is little data (1.0..more) / a lot (less> 0.0..1.0), this parameter allows you to strengthen or weaken the visual representation of the profile
- HistogramFill - filling the histogram with the current profile color
- IntradayTimeFrame - profile timeframe
- OffSetTimeFrame - profile offset relative to the broker's server time
- ShowPOC - shows VPOC trace line
- ShowVAHighAndLow - shows the VA boundaries of the maximum and minimum lines
- ShowMid - the average value of the profile volume
- ShowVWAP - Weighted Average Price (VWAP)
- ValueAreaRange - range of region values [%]
- ColorSchemeProfile - profile color schemes
- ColorSchemeProfileValueArea - profile color schemes
- ColorSchemeProfileVPOC - profile color schemes
- ColorSchemeProfileMid - profile color schemes
- ColorSchemeProfileVWAP - profile color schemes
- ShowInfo - show profile statistics
- RedrawObjects - redrawing objects on a chart
- Font - font name
- FontSize - font size
Screens Session Volume Profile:
Screens Intraday Volume Profile:
Download indicators for review here:
1. Session Volume Profile Forex MT4
2. Intraday Volume Profile Forex MT4
All in your hands