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Volume Profile For 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.


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.


The indicator scans the defined number of previous bars and calculates the volume of activity at each price level.

You can set the indicator to display the volume profile up either to the current, most recent candle, or to some previous date.

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 result is presented through a vertical histogram chart — the longer the histogram is, the more activity at that price level was.

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Abdelkhabir Yassine Alaoui
This indicator Displays current spread in the main window of the chart. You can modify the font parameters, indicator's position and the normalization of the spread value. The spread is redrawn after each tick, ensuring the most current and active spread value. This can be useful for brokers with variable spreads or with spreads that are widened often. You can also enable a spread label to be shown near the current Bid line. you can also set  alert : Email, and push notifications.
Support And Resistance indicator that can display round levels and zones . It shows them directly on the chart, providing an easy help when you want to set stop-loss or take-profit level, or when you want to see the next market target.   If an asset price is moving down and bounces back up, the level is called support (think: price floor). If an asset price is moving upward and hits a level where it reverses downward, this is called resistance (think: price ceiling).
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aleronb
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aleronb 2024.06.10 16:00 
 

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[Deleted] 2024.05.19 04:01 
 

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