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
CalculationMode - 4 modes are available:
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.
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.
On Top – display market profile on top of the price chart (display on top or below the chart).
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:
- Positive Delta
- Negative Delta
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.
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:
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