Market Profilies

Indicator that allows to build periodic profiles of the market.




*Note! When setup at first, the indicator has the settings by default, and those settings are not suitable for all instruments and time-frames, thus it has to be setup.


To add and setup the following indicator, open the Indicators Setup window.


Market Profiles indicator setup


CalculationSettings.

CalculationMode - 4 modes are available:

  • Volume
  • Trades
  • Time
  • Delta

CustomProportion – market profiles will be built proportionally to the custom set volume. Value 0 turns off this option.

External Period – market profiles display period settings. Measured in minutes.


Note! If a large external period is set, e.g. 1440 minutes (1 day) or 10080 (1 week), for proper display of the indicator, a time zone must be set for the instrument (or market) in such a way, that the session starts at 00:00.

Filter.

Color – color setup for the filtered price levels.

Enabled – enable/disable filter.

Full Lines – when the range for the filter are entered, price levels will be highlighted. If this option is enabled, those levels will extend for the full timeframe.

Maximum – entering the maximum parameter for highlighting.

Minimum – entering the minimum parameter for highlighting.

Location.

On Top – display market profile on top of the price chart (display on top or below the chart).

Maximum Level.

Max.Level Color – color setup for the maximum level of the histogram.

Show Maximum Level Text – display the values of volumes at the maximum level.

Text Color – color setup of the maximum level text.

Transparency – transparency setup for the maximum level.

Type – choose the principle of the maximum level building. 8 options are available:

  • Volume
  • Trades
  • Time
  • Delta
  • Positive Delta
  • Negative Delta
  • Bid
  • Ask

Value Area.

Color – color setup for the Value Area line.

Show Value Area - enable/disable display of the Value Area lines.

Value Area Transparency – trasparency setup of the Value Area lines.

VisualSettings.

Area Color – color setup of the profile background (of the chosen time frame).

Area Transparency – transparency setup of the profile background (of the chosen time frame).

Grid Color – color setup of the grid.

Profile Color – color setup of the profile.

Profile Transparency – transparency setup of the profile.

Show Cumulative Values - enable/disable display of the cumulative values in the chosen time frame.

Show Grid - enable/disablethe display of the grid in the chosen time frame.

Show Text - enable/disabletext display in the profile.

Text Color – color setup of the text in the profile.

Visual Mode – profile drawing style. 2 options are available:

  • Bars
  • Solid