looking for value area lines indicator

hi
looking for value area lines indicator it draws the lines on any candle even 1 min
same as

https://www.sierrachart.com/index.ph...lue_Area_Lines

I assume you mean for mt4? Google "value area indicator mt4" finds links like these:
https://www.forexfactory.com/showthread.php?t=480727
https://www.mql5.com/en/code/11128
https://www.earnforex.com/metatrader...MarketProfile/
https://www.pointzero-trading.com/Pr...ZMarketProfile
https://www.analyticaltrader.com/market-profile-guide/

These are just a few links, I'll let you find the rest yourself.

If you want the indicator coded, you'll need to find a programmer who's more familiar with Market Profile than I am. The link you gave doesn't provide a calculation formula or even a screenshot. There's a calculation in the following link but I can't possibly know if it's what you're looking for. And anyway, looks like it's not that simple.
https://www.linnsoft.com/techind/val...icator-vau-vad

I assume you realize that spot fx is a decentralized market, and volume in MT4 is merely your broker's tick volume.
______________________________
Sorry but I don't understand what you mean by "candle value area". If the formula is like the one in my linnsoft link, then it needs several price points (candles) over which to base its calculation. I assume that's the value of 'n' in the formula they give. Hence the horizontal red lines in the screenshot, they are plus/minus X std dev's away from the mean calculated by averaging individual price/volume values across this period. However, they don't make it clear how they define the period's start and end times, e.g. whether it's the start/end of a day, hour, market session, etc.

Alternatively, it would be possible to code an indicator whose vau/vad values are constantly changing, as it's recalculated for each new candle, based on a lookback of the last 'n' candles (on any timeframe, including m1), where the user supplies a value for 'n'. Is that what you mean?

In mt4, the smallest unit of time for which historical data is retained is one minute. As another alternative, it would be possible to gather multiple data points as ticks, i.e. but only going forward rather than historically, and then you have the (potential) problem that with mt4 the volume for each tick is always 1, hence it wouldn't be a true volume-based analysis.

Or if it's a different calculation formula that you require, can you point me to it?
______________________________

[EDIT]
To illustrate what I was getting at, I've hacked together an indicator based on my understanding of the linnsoft calculation formula (here). I've attached the .mq4 source so that anybody can check, and if necessary fix, the calculation. This is written using mql4 b509, so you'll need to do this first, else it will compile with a zillion errors. To avoid this problem, download only the .ex4 file. Define your time interval(s) by adding rectangle(s) to your chart and include the text +val somewhere in their object Name (so that the indicator knows which rectangles on your chart to operate on). Three horizontal lines (vau, mean, vad) should appear, the vau and vad are plotted your specified number of StandardDeviations away from the volume-weighted mean, and if you drag the rectangle corners around, these will adjust on the next price tick. If you set AutoAdjustRectangles to true, the top and bottom edge of the rectangle will also auto adjust to enclose all of the candle prices within your specified time interval. PriceRangedBased = true will use the median price, instead of the close price, of each candle (as explained by linnsoft). Prices and (broker tick) volumes are derived from the candles on the current chart's timeframe. Press F8 and check 'Show object descriptions' on/off to show/hide the text above the lines.

I know this isn't what you're looking for, but it's a starting point, and if you can explain your requirement in more detail, I'll see if it can be feasibly coded.

Thanks
None of the above links draw value area on each candel it only draw on full time frame but I am looking for only candel value area

You can try Roman's Profile indicator....

thanks

Hanover can you please add the option in this indicator to select the start and end of each profile (time interval)? I was too just interested in seeing value are lines. It would be great If I could load two instances of this indicator, one configured to display London session, and the other configured to show NY session. Add an option to choose how many bars to use in the calculation, or how many profiles to display, otherwise it will hog CPU.

Regards

I will have a look at what's required, if/when I get some spare time. Might not be for several days, however.

No rush buddy!! Thanks a lot for looking into it.