Market Profile

[Rodrigo Martinho]

@Enivid
Good night, I could add the option in "Hours" sessions, being able to add a certain period without being limited by the end of the daily session, so at the beginning of the next session I could start with some areas already marked, on the intraday when the session closes,
I do not have the possibility to place to view the last 2 bookings of the previous day's session.

In that I could put the option of how many simultaneous markings can have on the graph at the same time, I know that on the intraday you can put 4, but I want to continue with at least the last 2 when starting the next session.
I hope I was able to explain my idea properly, my congratulations on the tool, for me it is the most complete one available.

 

[Enivid]

Here is the video that explains what to do if adding Market Profile to a chart slows your platform down significantly.

 

[Enivid]

@Enivid
Good night, I could add the option in "Hours" sessions, being able to add a certain period without being limited by the end of the daily session, so at the beginning of the next session I could start with some areas already marked, on the intraday when the session closes,
I do not have the possibility to place to view the last 2 bookings of the previous day's session.

In that I could put the option of how many simultaneous markings can have on the graph at the same time, I know that on the intraday you can put 4, but I want to continue with at least the last 2 when starting the next session.
I hope I was able to explain my idea properly, my congratulations on the tool, for me it is the most complete one available.

Sorry, unfortunately, I cannot understand your request.

 

[Rodrigo Martinho]

@Enivid Good night, you would have the option to be able to expand the lines of the market profile to a specific number of trading sessions, expand example to 2 trading sessions.

 

[Enivid]

@Enivid Good night, you would have the option to be able to expand the lines of the market profile to a specific number of trading sessions, expand example to 2 trading sessions.

Do you mean making sessions composed of two days or of two weeks? If so, that can already be achieved using Rectangle sessions.

 

[Enivid]

Version 1.16 of Market Profile is now live. It implements suggestions by @jagg (hollow sessions) and @Warray (right-to-left histogram), as well as one idea of my own (adaptive PointMultiplier).

 

[jagg]

Thanks again for the update... to clarify: the right-to-left histogram feature is only for the 'right-most session'/newest session possible?

 

[jagg]

And I needed a way to change the width/style of the POC/Median line - so I added these lines (left is my changed file)

 

[Enivid]

Thanks again for the update... to clarify: the right-to-left histogram feature is only for the 'right-most session'/newest session possible?

Yes, unless you are using Rectangle sessions. With Rectangle sessions, they are all right-to-left.

 

[Enivid]

And I needed a way to change the width/style of the POC/Median line - so I added these lines (left is my changed file)

Thanks for the idea. I will add those input parameters in the next release.

 

[Rodrigo Martinho]

@Enivid Regarding the PointMultiplier option, does leaving 0 mean have a more accurate result? Because I perform the marking of support and resistance zones with the top and bottom in the rectangle section and I don't know what the most accurate value would be.

 

[M99199]

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?

 

[Enivid]

@Enivid Regarding the PointMultiplier option, does leaving 0 mean have a more accurate result? Because I perform the marking of support and resistance zones with the top and bottom in the rectangle section and I don't know what the most accurate value would be.

It is not related to accuracy per se. PointMultiplier only influences the resolution at which the MP blocks are displayed. Ideally, you experiment and choose the lowest value that still provides a satisfactory speed.

 

[Enivid]

Could you expand a little on how it decides the multiplier to use?

It is very simple. It looks at the number of digits in the quote (all digits, not just after the dot). If the number is 5 or less, it uses PointMultiplier of 1 (old default). If it is higher, than it uses 10^(Number - 5), so it is 10 for 6 digits, 100 for 7 digits, and so on. It is very rough and has its drawbacks, but it works well in most cases.

 

[drfund21]

Discuss Market Profile indicator in this thread. The indicator displays daily market profiles and is freely available for MT4 and MT5. You can ask any questions about this indicator here.

Sir very good efforts. God Bless you! Please guide how we can use rectangular object in the chart

 

[Enivid]

Sir very good efforts. God Bless you! Please guide how we can use rectangular object in the chart

This video will demonstrate to you how to use Rectangle sessions:

 

[drfund21]

Thank you for the indicator but there is an option you have written in text of indicator for rectangular how we can use it?

 

[Enivid]

Thank you for the indicator but there is an option you have written in text of indicator for rectangular how we can use it?

Attach Market Profile to a chart, setting the Session input parameter to Rectangle. Then add a rectangle object to a chart and change its name to "MPR1". It will start drawing a profile.

 

[LoGan_300]

It would be great if you added this menu
The best market profile indicator I have found on the internet I appreciate it very much

 

[Enivid]

It would be great if you added this menu
The best market profile indicator I have found on the internet I appreciate it very much

Looks interesting, but I am not quite sure what the buttons do exactly.