Home / Forex & Currency Exchange News / Display Market Profile for Intraday Sessions in MetaTrader

Display Market Profile for Intraday Sessions in MetaTrader

Two years ago, I have added the capability for a Market Profile indicator to work with weekly and monthly trading sessions. One of the members of our Forum suggested adding customizable intraday sessions to Market Profile. Considering the fact that quite a few Forex traders use Market Profile for analysis, I decided to implement the support for the intraday sessions, doing some other code tweaks on the way.

  • Up to four intraday sessions can now be set via the input parameters. This feature might be useful to short-term traders working with particular Forex trading sessions.
  • Three new color schemes have been added: yellow to cyan, magenta to yellow, and cyan to magenta.
  • The indicator will now check all the input parameters and the chart timeframe in the OnInit() function and will remove itself if there are errors.
  • Some minor code optimizations for smoother runtime and easier modifications later.

An example of Market Profile for intraday sessions:

Market Profile shown for four intraday sessions on AUD/JPY @ M5 chart

The new version might be full of new bugs, so please handle with care and let me know if you find something.

You can get the code of the MT5 and MT4 versions or read more info about this market profile indicator.

If you find any bugs in this MetaTrader indicator or if you want to make a suggestion regarding its functionality, please use the commentary form below.

Posted on Forex blog. Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

US Dollar Index Speculators trimmed bearish positions this week

US Dollar Index Speculators trimmed bearish positions this week

By CountingPips.com – Receive our weekly COT Reports by Email US Dollar Index Non-Commercial Speculator Positions: Large currency speculators reduced their bearish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures […]

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php