Market Profile & Trendlines
- Market_Profile & trendline MT4 Indicator: The Market Profile indicator depicts Price Action over time, highlighting key areas with a high trading volume.
- Supported Pairs: Any
- Trading Time: Any
- Timeframe: Any
- Recommended Broker: Robo-Forex MT4 Platform
- How to Apply? As the market advances during a session, the price will vary up and down with buying and sell orders. Therefore, a value region is generated by combining time and volume in this indication.
- This price range represents the median line between current Supply and Demand levels. Value area creates two tails which are top and bottom VA.The area below and above the value area reflects price regions that the market has rejected. At certain price levels, the bottom VA indicates that buyers outperform sellers. On the other hand, the top VA indicates that sellers surpass buyers at the various price levels.
- In addition, the Market Profile indicator draws a histogram from right to left. Thus, you may utilize it for the current trading session, unlike the standard left-to-right display.
- The histogram, which depicts market volume, is a key component of the indicator. Although you can disable the histogram, it is better to use it with the Market Profile Indicator.