"The commercials always buy below vwap or sell above vwap." - I can tell you this is categorically false through previous experience working in the industry.
"The DPOC is the Developing Point Of Control. Like the DVAL and DVAH this is calculated during the trading day and represents the current POC for the market. This value changes throughout the day and the value at the end of the day will become the following day's POC."
This is the definition I...
From what I can make out he's made up the term DPOC meaning the daily POC, which this indicator has...
Also, there are loads of free simple VWAP indicators online, no idea why it should be added to this as it's not part of market profile.
The adaptive point multiplier has definitely helped speed things up rather than manually finding which multiplier to use for a good mix of speed and accuracy. Great addition.
Could you expand a little on how it decides the multiplier to use?
Well, I wouldn't mind if it shows up on time-frames outside the recommended to be honest, disabling the indicator via visualizations on time-frames outside of the recommended was just my way of trying to disable the alert without having to ask for a change to fix it:)
@Enivid - Would it be possible to disable the time frame warning alert at all?
I tried to do it by setting only valid time frames for the indicator in the visualizations tab but the error still occurs.
This looks suspiciously similar to your version just with a re-arranged options menu and a few minor alterations:
https://www.mql5.com/en/market/product/39046#description
You should really research and learn about Market Profile before trying to use it. Quite worrying you'd use something and base trades on it when you don't even know what it is or how it works.
Would you fly an aeroplane if you didn't know how to use the controls? :)
Of course it repaints, tick/real volume builds up as the market is open therefore these values will move...
Previous period market profiles of course won't change as they're made up of historical data, but the most recent active profile is always in creation.
If you want to use market profile...
Is anyone else experiencing a freezing/slowdown problem caused by this indicator since the latest MT5 build update or is it just me?
I sometime
Interesting idea, I'll have to learn how to use Github :D
Effectively creating a VPOC? Definitely something useful as to find a VPOC now involves looking back to manually see if a POC has been touched or not previously.
This would be good to add on both VA area and median rays.
@Envid
Would it be possible to either add an option to combine or disregard the Sunday night 2 hours of data on the daily profile?
Either having an option to combine it with the Monday profile or disregard it entirely would be a very useful feature.
Unless it's already possible and I'm missing...
Hello,
Thank you very much for this indicator.
Would it be possible to have an option to ray right previous median/POC areas also as these are just as important as previous value areas?
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