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Metatrader 4 Indicators | MarketProfile | Source Code Included

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Image for MarketProfile

The indicator draws the market profile.

References about market profile:


E. Naiman. The Way to Financial Freedom.
J. Piper. The Way to Trade.

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The author colored sessions: yellow - Asian session, blue - European session, red - American session. It displays results on M30 and M15.



Parameters:


StartDate - for backtesting (from what date to start drawing)


lastdayStart - if it is 'true', then it draws up to the last day (StartDate is ignored)


CountProfile - set how many profiles should be drawn.


Mode is drawn in white. Volume is not considered. There are situations where it considers volumes, but it 99% matches it. IMHO, it is of no importance for Forex.

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