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An indicator that allows building periodic profiles of the market.

 

*Note! When setting up at first, the indicator has the settings by default, and those settings are not suitable for all instruments and time-frames, thus it has to be setup.

To add and set up the following indicator, open the Indicators Setup window.

Market Profiles indicator setup

 

*Note! The indicator calculates based on the data loaded on the chart. That is if you upload to the chart for 5 days, and the indicator period selects a month - it will not calculate the data for the month, but only for 5 days.

 

CalculationSettings.

CalculationMode - 4 modes are available:

  • Volume
  • Trades
  • Time
  • Delta

CustomProportion – market profiles will be built proportionally to the custom set volume. Value 0 turns off this option.

External Period – choose indicator period settings.

  • M1
  • M5
  • M15
  • M30
  • Hourly
  • Daily
  • Weekly
  • Monthly
  • All period

Filter.

Color – color setup for the filtered price levels.

Enabled – enable/disable the filter.

Full Lines – when the range for the filter is entered, price levels will be highlighted. If this option is enabled, those levels will extend for the full timeframe.

Maximum – entering the maximum parameter for highlighting.

Minimum – entering the minimum parameter for highlighting.

Cumulative values

Show Cumulative Values -
 enable/disable the display of the cumulative values in the chosen time frame.

Location - choose a place of cumulative values display

  • Top Left
  • Top Right
  • Bottom Left
  • Bottom right

Maximum Level.

Max.Level Color – color setup for the maximum level of the histogram.

Show Maximum Level Text – display the values of volumes at the maximum level.

Text Color – color setup of the maximum level text.

Transparency – transparency set up for the maximum level.

Type – choose the principle of the maximum level building. 8 options are available:

  • Volume
  • Trades
  • Time
  • Delta
  • Positive Delta
  • Negative Delta
  • Bid
  • Ask

Value Area.

Color – color setup for the Value Area line.

Show Value Area - enable/disable the display of the Value Area lines.

Value Area Transparency – transparency setup of the Value Area lines.

VisualSettings.

Area Color – color setup of the profile background (of the chosen time frame).

Area Transparency – transparency setup of the profile background (of the chosen time frame).

Grid Color – color setup of the grid.

Profile Color – color setup of the profile.

Profile Transparency – transparency setup of the profile.
On Top – display market profile on top of the price chart (display on top or below the chart).

Show Grid - enable/disable the display of the grid in the chosen time frame.
Grid Color - choose the grid color.

Show Text - enable/disable text display in the profile.

Text Color – color setup of the text in the profile.

Visual Mode – profile drawing style. 2 options are available:

  • Bars
  • Solid

Indicators

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