Market Profile defines a number of day types that can help the trader to determine market behavior. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the needs of all profile traders. It delivers functionality usually only available on futures platforms and adds innovations like auto switching of focus and the backtest mode.
- Multi-session display
- Backtest directly on the chart
- Custom session times
- Custom intervals and timeframe period
- Market and volume profiles
- Overall market and volume profiles
- Text based TPO profiles
- Configurable TPO start letter
- Value area, Volume value area
- Initial balance Range, Point of control
- Fast access hot-keys
Customisable Value Area Lines: VAL, POC, VAH
Higher Timeframe Profiles For Long-Term Analysis