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Market Profile and MT4

  • #1
  • First Post: Jun 3, 2008 3:14am Jun 3, 2008 3:14am
Hi guys, does anyone have a Market profile tool coded for MT4?

http://www.cbot.com/cbot/docs/handbook.pdf

regards

Gurps
Trading is 80% Emotional, 20% Technical
  • #2
  • Jun 3, 2008 3:50am Jun 3, 2008 3:50am
here's an approximation
Attached File(s)
File Type: mq4 level_sensor_116.mq4   4 KB | 7,980 downloads
  • #3
  • Jun 3, 2008 4:37am Jun 3, 2008 4:37am
Quoting pippero
here's an approximation
thanks, but im looking for tool that provides the letters every 30 mins? unsure if this is possible on mt4
Trading is 80% Emotional, 20% Technical
  • #4
  • Aug 29, 2010 8:15pm Aug 29, 2010 8:15pm
Perhaps the OP is not around, but for others wanting to try Market Profile concepts, here are some indicators to help get started. Google search for instructions.
None are my creations but i kindly thank the programmers who made them possible.
Attached File(s)
File Type: mq4 sp market profile.mq4   3 KB | 14,808 downloads
File Type: mq4 profile w pivot.mq4   5 KB | 11,695 downloads
File Type: mq4 MarketProfile-va.mq4   10 KB | 14,367 downloads
File Type: mq4 marketprofile_scrat.mq4   8 KB | 15,218 downloads
File Type: mq4 marketprofile_pob.mq4   7 KB | 11,785 downloads
File Type: mq4 marketprofile.mq4   5 KB | 13,574 downloads
File Type: mq4 6102-market-profile-marketprofile.mq4   5 KB | 12,466 downloads
  • #5
  • Sep 19, 2011 10:16pm Sep 19, 2011 10:16pm
Anyone seen an MT4 indicators that just plots the value area (high and low) plus POC from yesterday's session?

Also does anyone have MT4 indicators for developing VA, and POC (DVA and DPOC) which plots them as moving average type lines as each bar develops?
  • #6
  • Sep 21, 2011 10:25am Sep 21, 2011 10:25am
Quoting f451
Anyone seen an MT4 indicators that just plots the value area (high and low) plus POC from yesterday's session?

Also does anyone have MT4 indicators for developing VA, and POC (DVA and DPOC) which plots them as moving average type lines as each bar develops?
Great thread, great indicators
http://www.forexfactory.com/showthread.php?t=277528
Markets are not efficient, rather they are effective - Jones
  • #7
  • Nov 12, 2014 1:45pm Nov 12, 2014 1:45pm
Hi All,
I've posted a link here http://www.forexfactory.com/showthre...26#post7866826 post 5808, where you'll find another link to a method of trading the value area highs to lows and vice versa.
Have not tested it live yet, only paper traded on previous days charts, but 20-50 steady pips a day may be achievable, with steady nerves. SL around 20 pips maximum, often much less depending on whether a S or R level is close by.

Hope someone finds it useful.

Mike
  • #8
  • Nov 13, 2014 4:55am Nov 13, 2014 4:55am
Mt4 is such a mess, and too many scammers around selling fake "bots". I got duped twice!!
  • #9
  • Edited 7:21am Jun 7, 2018 5:45am | Edited 7:21am
Attached Image (click to enlarge)
Click to Enlarge Name: zz2.PNG Size: 79 KB

Warning: Eng Bassam Day Trader5 Market in Profile only supports M30 and can freeze MT4 on other Timeframes

Source: https://www.mql5.com/en/code/11128 -

PZ_MarketProfile - All Timeframes
Attached Image (click to enlarge)
Click to Enlarge Name: zz4.PNG Size: 65 KB
Source - Free - http://www.pointzero-trading.com/Pro...ZMarketProfile
Attached File(s)
File Type: mq4 Eng_Bassam_Day_Trader_Market_In_Profile.mq4   31 KB | 4,224 downloads
File Type: mq4 Symbol changer 1.1 separate - B.mq4   6 KB | 2,800 downloads
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #10
  • Jun 19, 2018 12:52am Jun 19, 2018 12:52am
Quoting Phylo
{image} Warning: Eng Bassam Day Trader5 Market in Profile only supports M30 and can freeze MT4 on other Timeframes Source: https://www.mql5.com/en/code/11128 - PZ_MarketProfile - All Timeframes {image} Source - Free - http://www.pointzero-trading.com/Pro...ZMarketProfile {file} {file}
Phylo, how do we use the market profile? what does it show?
  • #11
  • Jun 19, 2018 5:41am Jun 19, 2018 5:41am
Quoting liquidice
{quote} Phylo, how do we use the market profile? what does it show?
Sorry, no time - loads of information across the internet -
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #12
  • Jul 15, 2018 6:41pm Jul 15, 2018 6:41pm
Maybe this one:
Attached File(s)
File Type: ex4 VP-v6.ex4   52 KB | 3,453 downloads
Toxic Flow for FX Brokers.
  • #13
  • Sep 30, 2018 10:05am Sep 30, 2018 10:05am
Which one Market profile indicator is the best for MT4, thank you :-)
  • #14
  • Oct 22, 2018 12:39pm Oct 22, 2018 12:39pm
Quoting liquidice
{quote} Phylo, how do we use the market profile? what does it show?
I was mentored by a retired forex market maker. Market profile is a powerful tool which is designed to take the fundamental components which comprise every market; price/volume/time, and visually display their relationship in real-time as the market develops for a pre-determined time period. Very powerful tool! I use it regularly.
Discouragement is the language of the devil. Results over hype.
  • #15
  • Oct 25, 2018 8:29am Oct 25, 2018 8:29am
Quoting callmechief
{quote} I was mentored by a retired forex market maker. Market profile is a powerful tool which is designed to take the fundamental components which comprise every market; price/volume/time, and visually display their relationship in real-time as the market develops for a pre-determined time period. Very powerful tool! I use it regularly.
Can you enlighten me on how to use the market profile? thanks callmechief.
  • #16
  • Dec 5, 2018 1:11pm Dec 5, 2018 1:11pm
Quoting liquidice
{quote} Can you enlighten me on how to use the market profile? thanks callmechief.
Sure! Please, message me!
Discouragement is the language of the devil. Results over hype.
  • #17
  • Dec 11, 2018 4:40am Dec 11, 2018 4:40am
Does anyone have a volume profile indicator for MT4 which plots the horizontal bars based on delta?

Green horizontal bars when up volume is higher then down volume

Red horizontal bars when down volume is higher than up volume

Size of horizontal bars based on the difference between up and down volume

Thanks!
  • #18
  • Dec 28, 2018 1:34pm Dec 28, 2018 1:34pm
Quoting Gauer
Does anyone have a volume profile indicator for MT4 which plots the horizontal bars based on delta? Green horizontal bars when up volume is higher then down volume Red horizontal bars when down volume is higher than up volume Size of horizontal bars based on the difference between up and down volume Thanks!
Volumes you speak of, are not accurate or relevant, unless you are able to access a market maker's trade books- which would be illegal.
Discouragement is the language of the devil. Results over hype.
  • #19
  • Dec 28, 2018 5:55pm Dec 28, 2018 5:55pm
Quoting callmechief
{quote} Volumes you speak of, are not accurate or relevant, unless you are able to access a market maker's trade books- which would be illegal.
What I meant by that was the proxy for volume in forex, which is the tick volume. So up ticks minus the down ticks.

It does not matter if the volume is not accurate if you are using VSA method. What you need is only activity which you can measure in relative manner.
  • #20
  • Dec 30, 2018 9:29am Dec 30, 2018 9:29am
Quoting Gauer
{quote} What I meant by that was the proxy for volume in forex, which is the tick volume. So up ticks minus the down ticks. It does not matter if the volume is not accurate if you are using VSA method. What you need is only activity which you can measure in relative manner.
I see what you're getting at... Are you pretty proficient in Auction market theory?
Discouragement is the language of the devil. Results over hype.
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