12/05/ · Volume Profile Forex MT4 Indicators For the indicator to work, a history of M1 is required, the deeper and fuller it is, the more qualitatively the profile The use of the indicator in automated systems is not possible for technical reasons. If the RedrawObjects parameter is set to false, Volume profile indicator for mt4 provides forex traders with low volumes, high volumes, and a volume point of control, VPOC. VPOC or POC is considered an important support or resistance area where trading volumes are at a peak level. As a consequence, the 5/5(4) 08/10/ · The volume profile indicator takes the total volume of an asset traded at a certain price level during a specific period and divides it by the total buy or sell volume. The information obtained by this indicator is easily visible on your charts and makes it Estimated Reading Time: 4 mins
Volume Profile Indicator for MT4/MT5
Volume Profile is a very useful indicator — it allows you to spot the price levels where important price action took place. It is similar to support and resistance levels but with a different logic. Volume Profile is quite similar to Market Profile indicator but with fewer features and its calculations take into account tick volume. Volume Profile indicator also called Market Profile in some cases is a handy tool for checking price action on a chart. One of the first thing that traders mark up when analyzing a chart is support and resistance.
Volume Profile can be used for doing that too. Not only Volume Profile forex volume profile indicator you to spot support forex volume profile indicator resistance levels, forex volume profile indicator, it also highlights prices where there was heavy price action in the past. Knowing that some prices had important activity in the past can significantly help setting up trades, stop-losses, and take-profits for your future trades.
The indicator scans the defined number of previous bars and calculates the volume of activity at each price level. The result is presented through a vertical histogram chart — the longer the histogram is, the more activity at that price level was. You can set the indicator to display the volume profile up either to the current, most recent candle, or to some previous date. Or you can read a more detailed instruction on how to perform the installation. Once you download and install the indicator using the information above, you can run it and configure its parameters, including the calculation properties and display style.
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MT4 Flexible Volume Profile
, time: 2:39Volume Profile Indicator for MT4 and MT5 - Free Download
The "Drag & Drop Volume Profile" indicator helps you easily draw a Volume Profile over ANY time period that you select. And it's literally Drag & Drop: Just drag the indicator over the range of bars which you want to calculate a Volume Profile for. And the indicator takes care of the rest for you Volume Profile indicator (also called Market Profile in some cases) is a handy tool for checking price action on a chart. One of the first thing that traders mark up when analyzing a chart is support and resistance. Volume Profile can be used for doing that too Volume profile indicator for mt4 provides forex traders with low volumes, high volumes, and a volume point of control, VPOC. VPOC or POC is considered an important support or resistance area where trading volumes are at a peak level. As a consequence, the 5/5(4)
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