The Volume by Price indicator shows the complicated relations between quantity, value and time in varied straightforward to interpret varieties.

Section, filter and use the visualization strategies with Quantity Profile and Market Profile alongside Quantity Weighted Common Value, Provide & Demand Zones and Common Day by day Vary to establish key ranges and ranges. It additionally supplies labels to point the dimensions and scope of knowledge displayed, and customized styling by attributes corresponding to shade, dimension, space and so on. in ways in which go well with the consumer’s wants and context.

Important options

  • Quantity Profile – horizontal histogram and line graph
  • Quantity Time Statistics – vertical histogram and bubble graph
  • Quantity Weighted Common Value (VWAP)
  • Market Profile – letter and block based mostly markers
  • Market Profile – collapsed and expanded/cut up buildings
  • Market Profile – interpolated curve graph
  • Quantity Level of Management (VPOC)
  • Excessive and Low Quantity Nodes (HVN and LVN)
  • Worth Space Excessive and Low (VAH and VAL)
  • Quantity delta by value and time
  • Market Profile Level of Management (POC) and Preliminary Stability (IB)
  • A number of time-frame evaluation
  • Dynamic and stuck value zone grid
  • Drag and drop or mounted vary
  • Buying and selling session filters
  • Label metrics by time vary phase and value zone
  • Quantity and TPO depend heatmaps
  • TPO sequence heatmaps and shade teams

Superior options

  • Quantity Supply API
  • Surroundings API

Instance setting files and user manual can be found in MetaTrader set up MQL4/Information folder.

^ “Market Profile” also referred to as “Time Value Alternative” TPO (title of the markers used) is a charting approach by J. Peter Steidlmayer.
^ “Quantity by Value” VBP as charting approach is also referred to as “Quantity Profile” VP, “Quantity at Value” VAP, “Quantity on Value” VOP, “Quantity per Value” VPP, “Value by Quantity” PBV, “Value at Quantity” PAV, “Value on Quantity” POV, and “Value per Quantity” PPV.

Pronews
Author: Pronews