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SUM Market Profile Heat MT4

150 USD

Demo downloaded: 3

Published: 21 August 2023

Current version: 1.0

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SUM Market Profile Heat MT4

Indicators
Liu Ying Pei
Version: 1.0
Activations: 10

Market Profile Heat indicator — is a classic Market Profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session.
This indicator can be attached to timeframes between M1 and D1 and will show the Market Profile for daily, weekly, monthly, or even intraday sessions. Lower timeframes offer higher precision. Higher timeframes are recommended for better visibility. It is also possible to use a free-draw rectangle session to create a custom market profile on any timeframe. Six different color schemes are available to draw the profile's blocks. Drawing profiles as a plain color histogram is also possible. Alternatively, you may choose to color the profile based on bullish/bearish bars. This indicator is based on bare price action and does not use any standard indicators.

Input parameters

Main

Session (default = Daily) — trading session for market profile: Daily, Weekly, Monthly, Intraday, and Rectangle. For a rectangle session to get calculated, a rectangle chart object with the name starting with MPR should be added to the chart. Pressing 'r' on the keyboard will add a properly named rectangle object automatically.
StartFromDate (default = __DATE__) — if StartFromCurrentSession is false, then the indicator will start drawing profiles from this date. It draws to the past. For example, if you set it 2018-01-20 and SessionsToCount is 2, then it will draw the profiles for 2018-01-20 and 2018-01-19.
StartFromCurrentSession (default = true) — if true, then the indicator starts drawing from today, else — from the date given in StartFromDate.
SessionsToCount (default = 2) — for how many trading sessions to draw the market profiles.
SeamlessScrollingMode (default = false) — if true, the StartFromDate and StartFromCurrentSession parameters are ignored; the sessions are calculated and displayed starting from the current chart position's rightmost bar. This allows scrolling back in time indefinitely to view past sessions.
EnableDevelopingPOC (default = false) — if true, multiple horizontal lines will be drawn to depict how the Point of Control developed through the session.
ValueAreaPercentage (default = 70) — a percentage share of the session's TPOs to include in the Value Area.

Looks and colors

ColorScheme (default = Blue to Red) — color scheme for profile's blocks:
- blue to red
- red to green
- green to blue
- yellow to cyan
- magenta to yellow
- cyan to magenta
SingleColor (default = clrBlue) — if ColorScheme is set to Single Color, this color will be used to draw market profiles.
ColorBullBear (default = false) — if true, the color of the profile blocks depends not on the age of the origin bar but on its direction.
MedianColor (default = clrWhite) — the color of the control value (median).
ValueAreaSidesColor (default = clrWhite) — the color of the value area side borders.
ValueAreaHighLowColor (default = clrWhite) — the color of the value area top and bottom borders.
MedianStyle (default = STYLE_SOLID) — the Point of Control (median) line style.
MedianRayStyle (default = STYLE_DASH) — the Point of Control (median) ray line style.
ValueAreaSidesStyle (default = STYLE_SOLID) — the style of the value area side borders.
ValueAreaHighLowStyle (default = STYLE_SOLID) — the style of the value area top and bottom borders.
ValueAreaRayHighLowStyle (default = STYLE_DOT) — the style of the value area top and bottom rays.
MedianWidth (default = 1) — the Point of Control (median) line width.
MedianRayWidth (default = 1) — the Point of Control (median) ray line width.
ValueAreaSidesWidth (default = 1) — the width of the value area side borders.
ValueAreaHighLowWidth (default = 1) — the width of the value area top and bottom borders.
ValueAreaRayHighLowWidth (default = 1) — the width of the value area top and bottom rays.
ShowValueAreaRays (default = None) — can be set so that the value area's High and Low price levels are projected to the right side of the chart. Can be set to previous session, current, previous and current, all previous, or all.
ShowMedianRays (default = None) — can be set so that the median is projected to the right side of the chart. Can be set to previous session, current, previous and current, all previous, or all.
RaysUntilIntersection (default = Stop_No_Rays) — defines the way median and value area rays will be cut off when they meet the next trading session's price range:
- Stop_No_Rays — no rays are stopped anywhere.
- Stop_All_Rays — all rays are stopped at an intersection with the price of another session.
- Stop_All_Rays_Except_Prev_Session — all rays except the previous session's rays are stopped at an intersection with the price of another session.
- Stop_Only_Previous_Session — only rays of the previous session are stopped at an intersection with the price of another session.
HideRaysFromInvisibleSessions (default = false) — if true, rays from sessions starting behind the left edge of the screen won't be displayed until you scroll back to them.
TimeShiftMinutes (default = 0) — time shift for the sessions, in minutes. Positive value will move the session start to the left; negative — to the right.
ShowKeyValues (default = true) — if true, Value Area High, Value Area Low, and Point of Control are displayed on the left of the market profile.
KeyValuesColor (default = clrWhite) — the color for Value Area High, Value Area Low, and Point of Control printout.
KeyValuesSize (default = 8) — the font size for Value Area High, Value Area Low, and Point of Control printout.
ShowSinglePrint (default = No) — can be set to Leftside or Rightside and will mark the single print profile — a part of the profile, which is only one TPO wide.
SinglePrintRays (default = false) — if true, single print edges are marked with rays.
SinglePrintColor (default = clrGold) — the color for single print marking if ShowSinglePrint isn't set to No.
SinglePrintRayStyle (default = STYLE_SOLID) — the single print ray line style.
SinglePrintRayWidth (default = 1) — the single print ray line width.
ProminentMedianColor (default = clrYellow) — the color for the prominent median (PPOC) if ProminentMedianPercentage is set to 100 or less.
ProminentMedianStyle (default = STYLE_SOLID) — the style for the prominent median (PPOC) if ProminentMedianPercentage is set to 100 or less.
ProminentMedianWidth (default = 4) — the width for the prominent median (PPOC) if ProminentMedianPercentage is set to 100 or less.
RightToLeft (default = false) — if true, the current session's market profile has its histogram drawn from right to left. In case Session is set to Rectangle, market profiles of all sessions are drawn right-to-left.

Performance

PointMultiplier (default = 0) — the higher it is, the wider are the profile's price boxes and the fewer are the chart objects. You can use it to reduce the indicator's load on CPU. When the value is zero, an adaptive multiplier is used — the indicator attempts to calculate the optimal value automatically.
ThrottleRedraw (default = 0) — a delay in seconds that will be applied before each redraw of the profiles. You can use it to reduce the indicator's load on CPU.
DisableHistogram (default = false) — if true, no market profile histogram is drawn, but Value Area and Median are still marked. This makes indicator work extremely fast, but is less useful for thorough market analysis.

Alerts

AlertNative (default = false) — if true, the indicator will issue the platform's native pop-up alert when some alert conditions are met.
AlertEmail (default = false) — if true, MetaTrader's email alerts will be sent when some alert conditions are met. Email should be properly configured in MetaTrader via Tools->Options->Email
AlertPush (default = false) — if true, MetaTrader's push notification alerts will be sent to your mobile device when some alert conditions are met. Notifications should be properly configured in MetaTrader via Tools->Options->Notifications. This alert type is not available in the cTrader version of the indicator.
AlertArrows (default = false) — if true, MetaTrader will draw arrows on the chart when some alert conditions are met.
AlertCheckBar (default = Previous) — controls the bar to check the alert conditions on. Current — the indicator will check the current unfinished bar; expect a lot of alerts. Previous — the indicator will check the previous (closed) bar; alerts will be delayed but more concise.
AlertForValueArea (default = false) — if true, alerts will be issued whenever a Value Area ray (high or low) is crossed by the price.
AlertForMedian (default = false) — if true, alerts will be issued whenever a Median ray is crossed by the price.
AlertForSinglePrint (default = false) — if true, alerts will be issued whenever a Single Print ray is crossed by the price.
AlertOnPriceBreak (default = false) — if true, alerts will be issued when the price breaks any of the trigger levels but then returns back behind it.
AlertOnBarClose (default = false) — if true, alerts will be issued when the bar opens on one side the trigger level and closes on the other side of it.
AlertOnGapCross (default = false) — if true, alerts will be issued when the trigger level appears inside a price gap between the last two bars.
AlertArrowCodePB (default = 108) — arrow code for price break alert arrows.
AlertArrowCodeCC (default = 110) — arrow code for candle close alert arrows.
AlertArrowCodeGC (default = 117) — arrow code for gap crossover alert arrows.
AlertArrowColorPB (default = clrRed) — arrow color for price break alert arrows.
AlertArrowColorCC (default = clrBlue) — arrow color for candle close alert arrows.
AlertArrowColorGC (default = clrYellow) — arrow color for gap crossover alert arrows.
AlertArrowWidthPB (default = 1) — arrow width for price break alert arrows.
AlertArrowWidthCC (default = 1) — arrow width for candle close alert arrows.
AlertArrowWidthGC (default = 1) — arrow width for gap crossover alert arrows.

Intraday sessions

EnableIntradaySessionN (default = true) — if true and Session is set to Intraday, then the indicator will attempt to drawn the intraday market profile #N on the chart.
IntradaySessionNStartTime (default = "HH:MM") — start time in HH:MM format for the intraday session #N.
IntradaySessionNEndTime (default = "HH:MM") — end time in HH:MM format for the intraday session #N.
IntradaySessionNColorScheme (default = Blue_to_Red) — color scheme for the intraday session #N.

Miscellaneous

SaturdaySunday (default = Normal sessions) — how to treat Saturday and Sunday sessions:
- Normal sessions — Saturday and Sunday will be treated as normal sessions with their own daily and intraday sessions.
- Ignore Saturday and Sunday — Saturday and Sunday candlesticks will be ignored.
- Append Saturday and Sunday — Saturday candlesticks will be appended to the Friday session; Sunday candlesticks will be appended to the Monday session.
DisableAlertsOnWrongTimeframes (default = false) — if true, no pop-up alerts will appear on using Market Profile with wrong timeframe/session combination.
ProminentMedianPercentage (default = 101) — percentage of TPOs out of all possible that should occur inside a median for it to be considered prominent (PPOC). For example, if you set it to 50%, a median will be marked as prominent if it contains at least 24 TPOs in a daily session on M30 timeframe. If it is set to 101, no prominent median is possible.

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Currently 20% OFF ! This dashboard is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews: Advanced Supply Demand ). The dashboard gives a great overview. It shows: Filtered Supply and Demand values including zone strength rating, Pips distances to/and within zones, It highlights nested zones, It gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your personal n

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FULL FOREX MARKET VIEW Dashboard Indicator This is a custom indicator created to give Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make successful trading. INSTALLATION : Before attaching this Indicator to your window chart, go to your MT4's Market Watch panel and HIDE all the Currency pairs you don't need or trade and leave the rest there. The reason is that FFMV Dashboard will DISPLAY ALL the

325 USD

MT4 Multi-timeframe Order Blocks detection indicator. Features - Fully customizable on chart control panel, provides complete interaction. - Hide and show control panel wherever you want. - Detect OBs on multiple timeframes. - Select OBs quantity to display. - Different OBs user interface. - Different filters on OBs. - OB proximity alert. - ADR High and Low lines. - Notification service (Screen alerts | Push notifications). Summary Order block is a market behavior that indicates order collection

200 USD

Ultimate Index Advisor is an advanced tool designed to analyze market movements with precision and identify trading opportunities dynamically. The indicator offers signals based on a combination of strategies optimized for trends, corrections, and reversals, making it versatile for various trading styles. With an intuitive interface, Ultimate Index Advisor highlights clear entry and exit points using visible arrows on the chart, eliminating ambiguity in trading decisions. Leveraging advanced te

219 USD

EARLY REMINDER: The Starting price is 65 price will rise soon up to 365$ after first 10 copies of sales. Grab this offer now! Introduction Hello, traders! Welcome to the demonstration of the Forex Beast Indicator , a comprehensive tool designed to assist aspiring traders in navigating the complexities of the forex market. This indicator incorporates seven essential components to provide a well-rounded trading experience: Moving Averages Colored Zones Support and Resistance Levels (Previous High

375 USD

IMPORTANT; Price is subject to rise at any time from now! Do not miss this offer! Dear trader I am glad to introduce my new tool called Trend Analyser Dashboard to you. The design, style, and settings of this indicator have been made simple to make its users not take too much time in understanding the indicator itself. The purpose is to help traders in analysing the direction of the major trend and the status of the trend whether in weak trend or its strong trend. The indicator will also prov

275 USD

Introducing the Delta Volume Profile Indicator - Unleash the Power of Institutional Precision! Technical Indicator: Are you ready to trade like the pros? The Delta Volume Profile Indicator is no ordinary tool. It’s a high-precision, cutting-edge indicator that puts the power of institutional-grade trading in your hands. This unique indicator analyses delta volume distribution in real-time, revealing the market's hidden buy/sell imbalances that the biggest financial institutions rely on to antici

200 USD

Trend Oscillator: Smooth and Reliable Market Trend Identification Trend Oscillator is an advanced MT4 indicator designed to assist traders in accurately identifying trend direction and potential reversal points. With an intuitive visual representation, this indicator clearly shows when the market is in an uptrend or downtrend, simplifying analysis and improving chart readability. It is suitable for a wide range of markets and timeframes, offering great flexibility for diverse trading needs. Key

177.90 USD

Introduction Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and

200 USD

Bomb Bank Signal: Your Trusted Indicator for MetaTrader 4 The Bomb Bank Signal is a powerful indicator for MetaTrader 4, designed to identify the most relevant trends in the financial market. If you are looking for a tool that accurately anticipates movements, Bomb Bank is the ally you need. How it Works: This indicator combines three distinct methods – volume analysis, candle closes and symmetrical trend – to detect and signal buying and selling opportunities. Bomb Bank is like a "bomb" whe

592 USD

One of the main definitions for monitoring the currency market is the trend. The Trins indicator is designed to display the trend in a visual form. Trend is a stable direction of price movement. To find it, the indicator uses calculations designed to smooth out sharp fluctuations that do not affect the overall picture of price movement. The trend can be increasing (bullish trend) and decreasing (bearish trend). In most cases, the trend is growing for a long time and drops sharply, but in all t

1 000 USD

ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The ind

250 USD

Unveil Market Secrets with Sneaky Busters on MetaTrader 4! Delve deeper into the intricate world of trading with the Sneaky Busters indicator, specifically crafted to spotlight the sophisticated maneuvers of smart money and uncover hidden market trends. Comprehensive Features: 1. Smart Money Accumulation & Distribution Detection: Accurate Analysis: Identify key zones where smart money collects and disperses assets. These insights help you understand market sentiment and potential turning points.

359 USD

Indicator for fast navigation through financial instruments. When you click on the button, you go to the chart of the financial instrument, the name of which was written on the button. In other words, the indicator opens or unfolds an existing chart window. For each chart, you can customize the name of the financial instrument, text color and background color; in total, you can customize symbols buttons that you trade often. The indicator can be installed on any charts for which you need to swit

FREE

This indicator labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The indicator can detect the following 6 candle patterns: hammer , inverse hammer , bullish engulfing , hanging man , shooting star and bearish engulfing . The notations HH, HL, LH, and LL you can see on the labels are defined as follows: HH : Higher high HL : Higher low LH : Lower high LL : Lower low Setting Length: Sensitivity of the swing high/low detection,

60 USD

Lets dabble a bit into Elliot Waves. This is a simple indicator which tries to identify Wave 1 and 2 of Elliot Impulese Wave and then projects for Wave 3. Ratios are taken from below link: https://elliottwave-forecast.com/elliott-wave-theory/ - Section 3.1 Impulse Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 - used for identifying the pattern. Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2 - used for setting the targets Important input parameters MaximumNumBars : To calculate back

60 USD

Market Profile Heat indicator — is a classic Market Profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session. This indicator can be attached to timeframes between M1 and D1 and will show the Market Profile for daily, weekly, monthly, or even intraday sessions. Lower timeframes offer higher precision. Higher timeframes are recommended for better visibility. It is also possible to use a fr

150 USD

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