Day Trader Market Profile
Info
The Day Trader Market Profile is a Indicator for MetaTrader 4 that the indicator simulates the full structure of the market profile system described by james dalton in his book mind over markets for the market profile day trader, including tpos, poc, rl, va, and ib. It brings the full system to the screen of MT4, as it is in the market profile service providers with the typical interface.
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 Day Trader Market Profile
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
The indicator simulates the full structure of the market profile system described by James Dalton in his book Mind Over Markets for the market profile day trader, including TPOs, POC, RL, VA, and IB.
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.
The indicator simulates the full structure of the market profile system described by James Dalton in his book Mind Over Markets for the market profile day trader, including TPOs, POC, RL, VA, and IB.Also recommended: i market price 2.1 - real-time price information indicator - similar indicator with strong performance on MetaTrader 4.
It brings the full system to the screen of MT4, as it is in the market profile service providers with the typical interface. It draws the TPOs as letters or blocks the way you want, detects the TPO value area (not the volume VA) of the percentage you detect (0.7 is the default), and shows the point of control of the day and the initial balance plus the opening flag for all of a number of days.
It allows you to shift these parameters to the next day (or number of days) to help you build an accurate vision of the current formative day. The ability to view the profile of the American, the Euro, the Asian sessions, or the whole day session is also available. It has a pointer to detect the active TPO now.
This version works only on the M30 time frame (do not try to switch to another time frame).
Input parameters:
- Step: the step of point between each TPO.
- Number of days: counts the current and last days you want to view their profiles.
- Session half hours: number of the half-hours in one session (default = 48 means the whole day).
- View TPOs: to view it or not.
- TPOs as letters: if true, view as letters (if false, view as blocks).
- View open flag: view the open of the session.
- View pointer: view the pointer that points to the active TPO.
- View range line: view range line of the day or session.
- Range line shift: the shift to next days or sessions.
- View initial balance line: view the initial balance of the session.
- View value area: view the TPO value area by two limit lines.
- Value area shift: the shift to next days or sessions.
- View POC line: view the point of control of the day or session.
- POC line shift: the shift to next days or sessions.
- View information text: print the range, TPO value area, and the tick volume of the session.
For those who ask about what the market profile does, see the strategy tester image (1000% profit) from 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
extern int step = 4;
extern int numberofdays = 10;
extern int sessionhalfhours = 48;
extern bool viewtpos = true;
extern bool tpos_as_letters = true;
extern int tpos_shift = 0;
extern int letter_size = 6;.......
⚠ 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.