Candlestick and Market Profile Combination Indicator
Info
The Candlestick and Market Profile Combination Indicator is a Indicator for MetaTrader 4 that this indicator combines candlestick patterns with market profile analysis to visually represent price congestion zones within individual candlesticks. Understand the significant price areas and potential turning points directly from the candlestick structure.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Candlestick and Market Profile Combination Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator combines candlestick patterns with market profile analysis to visually represent price congestion zones within individual candlesticks.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: External Range Liquidity (ERL) Indicator: Advanced Market Structure and Liquidity Analysis - another powerful indicator for MetaTrader 4 traders.
This indicator combines candlestick patterns with market profile analysis to visually represent price congestion zones within individual candlesticks.Also recommended: i market price 2.1 - real-time price information indicator - similar indicator with strong performance on MetaTrader 4.
Understand the significant price areas and potential turning points directly from the candlestick structure.
Key Features:
- Integrated display of market profile within candlesticks.
- Highlights price congestion areas.
- Aids in identifying potential trading opportunities based on volume and price action.
This tool is designed for traders seeking deeper insights into price behavior at a granular level. Developed and updated for 2026.
You may also like: market mood indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 yellow
#property indicator_width1 2
extern string desc = "(base on period values, must be smaller than the chart time frame) base_period = 1, 5, 15, 30, 60, 240...etc.";
extern int base_period = 1; //set base_period to 1 is best for m5 and m15; set to 5 is best for h4 and d1
extern int max_counting_bars = 250;
extern bool show_static = true;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.