Volume Profile Forex MT4 Indicators

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!

1. 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 !
2. The use of the indicator in automated systems is not possible for technical reasons.
3. 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:

1. VisualVolume - Volume based on the Volume Indicator for MT4, visually shows the strength of the market. Unlike standard Volumes, it filters tick volume noise.
2. TickVolume - Standard tick volume from MT4.
3. Price - Tick price.

Input parameters:

1. TypeProfile - profile types;
2. DigitsSet - the number of decimal digits that determine the accuracy of the price of the current chart symbol.
3. Width - width (DigitsSet dialing step)
4. ShiftOn - number of days (history)
5. 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
6. HistogramFill - filling the histogram with the current profile color
7. IntradayTimeFrame - profile timeframe
8. OffSetTimeFrame - profile offset relative to the broker's server time
9. ShowPOC - shows VPOC trace line
10. ShowVAHighAndLow - shows the VA boundaries of the maximum and minimum lines
11. ShowMid - the average value of the profile volume
12. ShowVWAP - Weighted Average Price (VWAP)
13. ValueAreaRange - range of region values [%]
14. ColorSchemeProfile - profile color schemes
15. ColorSchemeProfileValueArea - profile color schemes
16. ColorSchemeProfileVPOC - profile color schemes
17. ColorSchemeProfileMid - profile color schemes
18. ColorSchemeProfileVWAP - profile color schemes
19. ShowInfo - show profile statistics
20. RedrawObjects - redrawing objects on a chart
21. Font - font name
22. 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

An example of intraday trading or a session.

Trying to learn VWAP but your knowledge and thread is too digital that everyone ran away

Nevertheless how are the indicators treating you?

am interested to learn

Sorry, my English is very bad and I use a translator.
I am not sure that I managed to fully understand your question, but I will try to answer.
Since there are no real volumes in MT4, they are calculated according to a certain algorithm (I can’t disclose it), the result of the virtual volume is approximately comparable to the real volumes, provided that your broker gives a full tick volume, VWAP calculation is performed according to the standard algorithm, its description can be found on the internet.
In MT5, some brokers give real volumes for a market instrument, you can test my indicator for MT5.

Professional Volume Profile Indicator reveals Institutional order flow. This advanced market indicator will teach you to spot the buying and selling. Dont want to say more because its well known by most professionals trader. find out more at MQL5