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Volume Profile trading

  • #21
  • Nov 7, 2018 1:54pm Nov 7, 2018 1:54pm
Quoting hilmy83
i use volume profile, and would love to get into discussions with this, but unfortunately, you people trade the worst market. You can't use any type of volume analysis with otc forex. problem with using "volume" profile on otc forex is that you're not getting accurate volume data from your shitty brokers. it's just their local order book. It's basically dumbed down to congestion areas based on tick action when it comes to forex. true POC is absent since volume is inaccurate.
a good workaround is to just open an account with futures broker with the minimum balance. then sign up with data service about $5/month. then you'll have forex futures data to refer to, when applying volume profile.
  • #22
  • Nov 7, 2018 1:55pm Nov 7, 2018 1:55pm
Quoting mbrown
{quote} You must mean the "EURUSD Only" thread because you didn't post in the EURUSD thread today. I would have noticed if you posted in the EURUSD thread because I love Volume and Market profile.
Yeah exactly you are right here : https://www.forexfactory.com/showthread.php?p=11667209#post11667209
  • #23
  • Nov 7, 2018 4:02pm Nov 7, 2018 4:02pm
https://www.forexfactory.com/showthread.php?t=277528&page=327


Hello,
there is a room here, please have a look
  • #24
  • Nov 8, 2018 9:33am Nov 8, 2018 9:33am
Works like a charm .. see here!

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 74 KB
Perfection is the enemy of good enough!
  • #25
  • Dec 11, 2018 6:38am Dec 11, 2018 6:38am
Does anyone have a volume profile indicator for MT4 which plots the horizontal bars based on delta, not total volume?

Green horizontal bars when up volume is higher than 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.
  • #26
  • Mar 31, 2019 12:53pm Mar 31, 2019 12:53pm
https://prnt.sc/n57jog

This looks interesting on the USDX Weekly.
Anyone got any comments?
looks like we are at the 'Point Of Control', will we just keep going sideways until we move out of the 'Area Of Value'

Are there any other Threads that discuss Volume Profile?
  • #27
  • Apr 12, 2019 8:29am Apr 12, 2019 8:29am
Quoting Chartmaniac
{quote} The another reason why i started own Thread was that today i posted Volume prodiction on EURUSD THREAD a nobody care about that... it was so strange for me because there were 2 nice trades ending up in 2 profit :-) {image} {image}

Dear I Need a TD’s Flexible Volume Profile...please share,
  • #28
  • Jul 4, 2019 10:04am Jul 4, 2019 10:04am
Quoting hilmy83
i use volume profile, and would love to get into discussions with this, but unfortunately, you people trade the worst market. You can't use any type of volume analysis with otc forex. problem with using "volume" profile on otc forex is that you're not getting accurate volume data from your shitty brokers. it's just their local order book. It's basically dumbed down to congestion areas based on tick action when it comes to forex. true POC is absent since volume is inaccurate.
Is there any way to get true volume in forex, rather than tick volume?
  • #29
  • Dec 30, 2019 2:56pm Dec 30, 2019 2:56pm
Quoting hilmy83
{quote} a good workaround is to just open an account with futures broker with the minimum balance. then sign up with data service about $5/month. then you'll have forex futures data to refer to, when applying volume profile.
where is the link to open for a future account
  • #30
  • Edited 10:44am Jan 19, 2020 10:28am | Edited 10:44am
Quoting hilmy83
...unfortunately, you people trade the worst market. You can't use any type of volume analysis with otc forex. problem with using "volume" profile on otc forex is that you're not getting accurate volume data from your shitty brokers...
That is not entirely true. I believe you are only saying this because you either lack experience using Market Profile in the Forex market or you are trying to be too precise in plotting levels or you have been misguided by false information or all of the above.

Market profile works in the Forex market. It's not perfect, but it is good enough to give people a general idea of where the market is going. You just have to know how to use it and what to look for.

And for your information, a study has already been done on Tick Volume VS Real Volume: https://robocod.blogspot.com/2014/06/real-volume-vs-tick-volume-study.html

The difference between Tick Volume and Real Volume is not enough to be of concern. People who are VPA perfectionists seem to be the only ones who appear to have issues with Tick Volume.
Learn from your mistakes and march on.
  • #31
  • Mar 10, 2020 6:05am Mar 10, 2020 6:05am
The download for market profile does not display on MT4. Anyone have another source fro the market profile?
  • #32
  • Last Post: May 18, 2020 12:48pm May 18, 2020 12:48pm
Hey,anyone with a VAP indicator that works on mt5??
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