market profile mt5
Info
The market profile mt5 is a Indicator for MetaTrader 5 that market profile metatrader indicator— is a classic market profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session. this indicator can be attached to timeframes between m1 and d1 and will show the market profile for daily, weekly, monthly, or even intraday sessions.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use market profile mt5
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
market profile metatrader indicator— is a classic market profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Trading Session Monitor MT5: Professional Market Session and Activity Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Market Volatility Monitor MT5 - Professional ATR and Volatility Dashboard - similar indicator with strong performance on MetaTrader 5.
market profile metatrader indicator— is a classic market profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session. this indicator can be attached to timeframes between m1 and d1 and will show the market profile for daily, weekly, monthly, or even intraday sessions. lower timeframes offer higher precision. higher timeframes are recommended for better visibility. it is also possible to use a free-draw rectangle session to create a custom market profile on any timeframe. six different color schemes are available to draw the profile's blocks. drawing profiles as a plain color histogram is also possible. alternatively, you may choose to color the profile based on bullish/bearish bars. this indicator is based on bare price action and does not use any standard indicators. it is available for metatrader 4, metatrader 5
input parameters main
session
(default = daily) — trading session for market profile: daily, weekly, monthly, intraday, and rectangle. for a rectangle session to get calculated, a rectangle chart object with the name starting with mpr should be added to the chart. pressing 'r' on the keyboard will add a properly named rectangle object automatically.
startfromdate
(default = __date__) — if
startfromcurrentsession
is false, then the indicator will start drawing profiles from this date. it draws to the past. for example, if you set it 2018-01-20 and
sessionstocount
is 2, then it will draw the profiles for 2018-01-20 and 2018-01-19.
startfromcurrentsession
(default = true) — if true, then the indicator starts drawing from today, else — from the date given in
startfromdate
.
sessionstocount
(default = 2) — for how many trading sessions to draw the market profiles.
seamlessscrollingmode
(default = false) — if true, the
startfromdate
and
startfromcurrentsession
parameters are ignored; the sessions are calculated and displayed starting from the current chart position's rightmost bar. this allows scrolling back in time indefinitely to view past sessions.
enabledevelopingpoc
(default = false) — if true, multiple horizontal lines will be drawn to depict how the point of control developed through the session.
enabledevelopingvahval
(default = false) — if true, multiple horizontal lines will be drawn to depict how the value area high and value area low developed through the session.
valueareapercentage
(default = 70) — a percentage share of the session's tpos to include in the value area.
You may also like: Quantora Market Status Dashboard MT5 - Real-Time Market Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property link "https://robotfx.org"
#property version "1.23"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window.......
⚠ 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.