Forex for a trader
Market profile forex factory

Market profile forex factoryMarket Profile MetaTrader indicator — is a classic Market Profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session. This indicator can be attached to timeframes between M1 and D1 and will show the Market Profile for daily, weekly, monthly, or even intraday sessions. Lower timeframes offer higher precision. Higher timeframes are recommended for better visibility. Six different color schemes are available to draw the profile's blocks. Drawing profiles as a plain color histogram is also possible. This indicator is based on bare price action and does not use any standard MetaTrader indicators. It is available for both MetaTrader 4 and MetaTrader 5 platforms. Session (default = Daily) — trading session for market profile: Daily, Weekly, Monthly, or Intraday. StartFromDate (default = __DATE__) — if StartFromCurrentSession is false , then the indicator will start drawing profiles from this date. It draws to the past. For example, if you set it 2018-01-20 and SessionsToCount is 2, then it will draw the profiles for 2018-01-20 and 2018-01-19. StartFromCurrentSession (default = true) — if true , then the indicator starts drawing from today, else — from the date given in StartFromDate . SessionsToCount (default = 2) — for how many trading sessions to draw the market profiles. ColorScheme (default = Blue_to_Red) — color scheme for profile's blocks: blue to red red to green green to blue yellow to cyan magenta to yellow cyan to magenta SingleColor (default = clrBlue) — if ColorScheme is set to Single_Color , this color will be used to draw market profiles. MedianColor (default = clrWhite) — color of the control value (median). ValueAreaColor (default = clrWhite) — color of the value area border.

ShowValueAreaRays (default = false) — if true , then the value area's High and Low price levels of the last session before the most current one will be projected to the right side of the chart. ShowMedianRays (default = false) — if true , then the median of the penultimate session will be projected to the right side of the chart. TimeShiftMinutes (default = 0) — time shift for the sessions, in minutes. Positive value will move the session start to the left; negative — to the right. PointMultiplier (default = 1) — the higher it is, the wider are the profile's price boxes and the fewer are the chart objects. You can use it to reduce the indicator's load on CPU. ThrottleRedraw (default = 0) — a delay in seconds that will be applied before each redraw of the profiles. You can use it to reduce the indicator's load on CPU. EnableIntradaySessionN (default = true) — if true and Session is set to Intraday , then the indicator will attempt to drawn the intraday market profile #N on the chart. IntradaySessionNStartTime (default = "HH:MM") — start time in HH:MM format for the intraday session #N. IntradaySessionNEndTime (default = "HH:MM") — end time in HH:MM format for the intraday session #N. IntradaySessionNColorScheme (default = Blue_to_Red) — color scheme for the intraday session #N. The chart screenshot shows market profiles calculated and displayed for two daily Forex trading sessions. The timeframe is M30 and the right-hand daily session is still in progress.

The earliest prices are blue and the latest prices are red. The medians and the value areas are marked with the white lines and display the most important price areas. Traders tend to return to those areas if the volume of the breakout movement is not too high. High-volume breakout out of these areas signifies a real breakout. You can read more about Market Profile in this short e-book: Book on Market Profile. Downloads (ver. 1.08, 2018-05-28) Warning! If you do not know how to install this indicator, please read the MetaTrader Indicators Tutorial. Do you have any suggestions or questions regarding this indicator? You can always discuss Market Profile with the other traders and MQL programmers on the indicators forums. Read all about: hobbies, family, business, tech ethics, passive income, forex, amateur radio, campervan conversion, karate, parenting, philosophy, writing and more. Market Profile vs Volume Profile in Forex. Using a free EA (expert adviser) in MT4 and the pro account at Tradingview.

com (TV), I spent a few minutes comparing the results of market profile and volume profile (MP vs VP). TradingView offers VP on their pro accounts. It’s good that it’s behind a paywall as that might confirm it being a more useful leading indicator, giving some predictive edge. But it may also just be because it requires more resources to calculate, particularly when loading a zoomed out view of the 5 minute timeframe (TF), for example. The free EA for MT40, first created in 2006, offers less options and is less sophisticated than its VP cousin in TradingView. But is it comparable, as a free option? A quick explanation of the difference. Market profile: prices mapped against time. How long did the price spend at each level? Volume profile: prices mapped against volume. How much was traded at each price level? Logically speaking, VP should reflect a more accurate measure of market sentiment, as quick movements at extremely high volume might barely register in MP. Let’s see if this plays out in practice over a small sample. Results of a few minutes’ comparison.

The MP EA I’m using in MT4, while not offering a definitive ‘Point of Control’ (POC) line, does show peaks at the exact prices the VP in TV does for today’s prices. Almost to the tick. The downside is that it only displays on the right, covers the current price action, and doesn’t seem reconfigurable by time period, only allowing a calculation for the previous period. I may be wrong on that - I haven’t used MT4 much - so do send a message if you know more. What it means though is that I can’t very easily look at yesterday’s POC and see how today’s compares. There are other EAs in MT4 that might perform better1, as well as extensive discussion on the subject2 at Forex Factory. That famous hive of scum and villainy. Well, I just copied some of the EAs from 1 into MT4 (mqlindicatorsdownloads) and compiled them in MT4. The one called MarketProfile-va is actually much more useful than the first, giving a POC line and a transparent, behind-the-candlesticks look, with colour coding and a value area (VA) box. You just have to set it to a date and how many days to count for that to work. Unfortunately, the POC doesn’t match yesterday’s VP POC in TV. In fact, it’s quite far out. 1.27406 in MT4 vs 1.26753 (for GBPUSD on 2017-06-12). TV’s POC doesn’t even show as a peak on the display. Then I tried out marketprofile_scrat (most downloaded on the list at 1 by a clear 1000 downloads at this point) and it shows a POC, colour coding for different markets (Asia, EU, US) and gives more options than the others. This is looking better. Apart from the start and end date options seemingly being reversed (unless I was using it wrong - it wouldn’t work the other way), it seems the best for MP out of the three. How does it compare to VP on TV? Well, it showed 1.26527 as POC for the same day as before, so closer to TV, but still off. Long term it might give a fuzzy enough indication to make a trading decision, but it’s a little more awkward to use than TVs offering. Trying to compare POCs for a few more days (MT4 vs TV respectively, 10pm-10pm for GBPUSD in June 2017): 10-11th - 1.27408 vs 1.27450 8-10th - 1.27309 vs 1.27373 (*) 7th - 8th - 1.29566 vs 1.29418 6-7th - 1.29052 vs 1.29100 5-6th - 1.29064 vs 1.29061. (*) from 9pm on the 8th to capture the big GBP drop after exit poll news.

So it looks, at first glance, like I’ve found a Market Profile indicator that matches the paid Volume Profile indicator on TV. Let me try another 5 days, just to be sure: 4-5th - 1.28660 vs 1.28700 1-2nd - 1.28827 vs 1.28834 31-1st - 1.28751 vs 1.28743 30-31st - 1.28093 vs 1.28864 (*) 29-30th - 1.28581 - 1.28585 28-29th - 1.28384 - 1.28391 25-26th - 1.28787 - 1.28790 24-25th - 1.29540 - 1.29582. (*) First major discrepancy, there is another peak at 1.28890, much closer, but European MP dominated in the MT4 chart. There is another large VA in TV, likewise, that matches MT4’s. There was a large swing on that day. This is noted as an issue with profiles on the Wikipedia page3. So clearly you have to be careful when there are two competing POCs, which can throw the final POC out. Assume both are perhaps control points and work from that assumption. BUT, given how close these results are, there’s a strong correlation between the two indicators. It looks like it’s going to be usable in a strategy, saving the monthly fee for TV for more trading capital! More research into how time vs volume data can differ or correlate required, but I’m happy with the preliminary findings. If anyone can corroborate this in different time frames, over even in some automated way over a sample of 1000 or more days, it’d be much appreciated! I’ll of course link to your findings if you do. I can’t find any VP indicators for MT4 (that don’t cost $hundreds) so I think this is the best match I can find for now. There is one for MT5, but I’m not sure how ‘free’ it is when you have to submit your (an) email address4. One avenue for improvement on the ‘working’ indicator would be to show yesterday’s POC alongside today’s. Sounds doable and the code is simple, so I’ll take a look when I get time. Otherwise manually clicking away works fine. Tested in MT4, under wine on Debian Jessie (GNULinux).

Tradingview using same Oanda demo account as MT4. EDIT: I’ve just found in a linked forum post that if you add your basic volume indicator you can match high volume to price quite easily, combining the best of market profile and volume data. EDIT 2: Just found a better EA by the same author, showing previous days’ POCs5. Now we’re cooking! Submit comments here. Sharing posts appreciated. Forex Meta Trader Indicators Catalogue. . Forex Meta Trader Indicators Directory. . Posts Tagged “market-profile” Market Profile 2 , gradient colors. Indicator displays the Market Profile charts for the daily trading sessions painting different time sessions in gradient colors. Draw value area and point of control (median). Traders tend to return to those areas if the volume of the breakout movement isn’t too high. High-volume breakout out of these areas signifies a real breakout. Should be attached to M5, M15 or M30 timeframes.

M30 is recommended. Designed for standard currency pairs. May work incorrectly with very exotic pairs, CFDs or commodities. Be careful: it will delete all rectangle objects on the chart upon deinitialization. StartFromDate – specify a date from when it should draw market profile histograms. StartFromToday (truefalse) – if set to true the start day is ‘today’. Set to false if you want to use with StartFromDate value. DaysToCount – how many days back to process. ColorScheme (0,1,2) – different color schemes for gradients.

MedianColor , ValueAreaColor – colors for median and value area. Price Stat, market profile data per timeframe. Indicator draw market-profile style histogramdata for a selected period, after you set two vertical lines. All you have to do is add indicator to the chart and add two vertical lines. eVOLution-levels real volumes. The indicator show real volume levels (vertical!) for forex and futures, it works with external data that should be downloaded manually from trading-evolution. com website flesh applet. Indicator draws: – top 3 last trading day volume – top 3 current week volume – top 3 last week volume – top 3 contract levels.

First line (the first one top volume) is drawn as solid line, so you can simply identify it, even more if you will hold your mouse under the line you will see description (see attached picture) “pw1=7180”, this mean “previous week 1st volume line = 7180 lots” Indicator shows total volumes for all this periods, with the same colors as lines for them. It can play sound alert when price will step into one of the lines. Market Profile custom color. Indicator emulates volume histogram and drawing histogram in 3 different colors – for different sessions, they are Asia, Europe and USA. Also draw TPO line. Input parameters are: StartDate – from where to begin (optional parameter) lastdayStart (truefalse) CountProfile – how many days to show Asia – color for Asia session Europe – color for Europe session America – color for America session Moda – color for maximum volume. Does Market Profile work in Spot FX. Does Market Profile work in Spot FX. This is a discussion on Does Market Profile work in Spot FX within the Forex forums, part of the Markets category; Hi, I have just been introduced to the methodology of Market Profile. one of the core component of market profile . Hi, I have just been introduced to the methodology of Market Profile. one of the core component of market profile is volume, which is not used well in spot currency market. the question is, does market profile work well in spot forex market?

any experience anyone? Hi, I have just been introduced to the methodology of Market Profile. one of the core component of market profile is volume, which is not used well in spot currency market. the question is, does market profile work well in spot forex market? any experience anyone? I have looked into MP without buying any books, just reading what I can find for free, so my opinion is up for debate by anyone who knows more than me ( and that's almost everyone). It should work with Forex because volume, as such, is not needed in MP. It's a factor that "finds itself", if it can be expressed that way. Fair value is found by developing the bell shape diagram. That, in turn, shows where the most activity is. I gave it up because it did not tell me what I did not know by looking at charts. Fair value can be found by finding the horizontal line with most bars cutting it. Have you looked at TRO's (The Rumpled One) threads? I have spotted the above in his trading plan but, beware, I can't understand much of him, apart from that. You may be able to. Market Profile does not interest many here. I've tried!

Hi, I have just been introduced to the methodology of Market Profile. one of the core component of market profile is volume, which is not used well in spot currency market. the question is, does market profile work well in spot forex market? any experience anyone? I saw a great looking indy over at forex factory which depicted MP on far right side of any chart (MT4 based app) some while ago, but can remember it was pc resource hungry. If you use MT4 then you can always experiment with creating your own MP via the API app into MS Excel, ie collect yesterday's bar array data and have Excel map this out into a bell curve to show frequent price points etc. "Market Profile does not interest many here" worth looking into then :-) select most popular - bit of info in there interview or 2 & other stuff. + general read stuff with links. thanks guys for the replies . I am also reading another book, which has great reviews on MP. MInd over Market, by James F Dalton. you can find the PDF version easily if you google it. That was my problem.

I found that if I charted each day's diagrams on Excel, using 30M bars, it gave a daily trend ok, but so does a bar chart do all that. As an intraday trader, I could not relate the "alphabetical" chart with what was actually happening. The bell developed too late and I missed trades that I would have taken with a bar. Andy sent a link, yesterday, which explained that volume does have to be compared with MP for a more correct interpretation but I understood that Steidlmeyer developed MP because, although the EOD volume was correct, during the day there was no way that the volume could be related to the exact timing of the price. Anyway, as I said before, I only brushed the surface of MP. There has to be a lot more studying of the subject to become an expert at it, I'm sure. I did post a week's work on Excel last month on one of the member's forums. I'll put it on again, if you think it would help. Tucker said that there was no advantage in using lower time frames but I find that when using a bar chart in associating horizontal lines with the number of bars that cross them, some TFs work better than others. That was my problem. I found that if I charted each day's diagrams on Excel, using 30M bars, it gave a daily trend ok, but so does a bar chart do all that. As an intraday trader, I could not relate the "alphabetical" chart with what was actually happening. The bell developed too late and I missed trades that I would have taken with a bar. Andy sent a link, yesterday, which explained that volume does have to be compared with MP for a more correct interpretation but I understood that Steidlmeyer developed MP because, although the EOD volume was correct, during the day there was no way that the volume could be related to the exact timing of the price. Anyway, as I said before, I only brushed the surface of MP. There has to be a lot more studying of the subject to become an expert at it, I'm sure. I did post a week's work on Excel last month on one of the member's forums. I'll put it on again, if you think it would help. Tucker said that there was no advantage in using lower time frames but I find that when using a bar chart in associating horizontal lines with the number of bars that cross them, some TFs work better than others.

I think that a half day per letter would be too blunt. The halfhour is what I show. Maybe you could use 60 minutes. This is FT100, which I did on Excel. If you use it over a week you will see how it shows trend direction but forcasting it? That's another story. To be sure, there is something there that I am not getting. I can't see how the bell shape indicates any probabilities of trend direction any better than a bar chart. It's not difficult to do, providing you only do one instrument. Otherwise it gets a bit tedious. Maybe, that is where the purchase of the software comes in. I have the previous week to this but can't get it over toT2W for some reason so this is only four days. Anyway, you're welcome to the little that I have done. I'm back to bars! Oh, almost forgot. I only did the exchange hours i. e. 0800-1630. I was introduced to market profile by GeoffHill, and since then I have often wanted to mount his leg like an over excited puppy.

If you apply it - or the ideas behind it (I don't apply it directly myself) with sense in the right market in the right way it's magnificent. I think automate it and you would get raped, and that wouldn't be a leg and it would be a rottweiler or perhaps a bull. But I can't imagine it working in FX for the reasons already given. Quotes too misleading in my view. __________________ World's leading STIRs chatroom - propboards. com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes. No nuisance spread betters please. Anyone else welcome. I was introduced to market profile by GeoffHill, and since then I have often wanted to mount his leg like an over excited puppy.

If you apply it - or the ideas behind it (I don't apply it directly myself) with sense in the right market in the right way it's magnificent. I think automate it and you would get raped, and that wouldn't be a leg and it would be a rottweiler or perhaps a bull. But I can't imagine it working in FX for the reasons already given. Quotes too misleading in my view. I was introduced to market profile by GeoffHill, and since then I have often wanted to mount his leg like an over excited puppy. If you apply it - or the ideas behind it (I don't apply it directly myself) with sense in the right market in the right way it's magnificent. I think automate it and you would get raped, and that wouldn't be a leg and it would be a rottweiler or perhaps a bull. But I can't imagine it working in FX for the reasons already given. Quotes too misleading in my view.

an't disagree more. I have been trading for a living since 2006, and have been involved in daytrading DAX, Eurostoxx futures, German Bund etc. I have been familiar with market profile since end of 2006 and integrated it in my trading system. I have shifted towards eurodollar FX on CME globex and found that i easily could transplant my equity and bund system to this instrument, that has more range per day and gives me more opportunities. Again, market profile is the key navigator here. I have about 20 trading opportunities per day during the european time zone, and use MP to navigate like said. Simply stated: look for longs above the point of control (POC) and look for shorts if price is below POC. Shorts above POC are only alowed if two timeframes are in sync trend wise, or if substantial sub volume is being build to allow a firm platform for reversal, and vice versa. Furthermore, low volume areas function as support.resistance and can be used to fade or to take partly profits off the table. It works perfectly for equity futures, it works for bundbond and it works for forex. However you need true market profile volume based, not just TPO's I have a tool that gives me value area based on tick#, but also on tick volume, and it shows me the VOLUME based "middle" of the volume based value area. (POC) Someone mentioned that he could draw a line and see the point of control by how many times a standard bar crosses that line. just partly true, it ignores volume, which drives any market, including forex. Hope not too many of you get enthousiastic about MP! Market Profile Indicator Forex Factory. Market Profile Indicator Forex Factory. Your Forex Trading Academy.

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Market Profile vs Volume Profile in Forex. Using a free EA (expert adviser) in MT4 and the pro account at Tradingview. com (TV), I spent a few minutes comparing the results of market profile and volume profile (MP vs VP). TradingView offers VP on their pro accounts. It’s good that it’s behind a paywall as that might confirm it being a more useful leading indicator, giving some predictive edge. But it may also just be because it requires more resources to calculate, particularly when loading a zoomed out view of the 5 minute timeframe (TF), for example. The free EA for MT40, first created in 2006, offers less options and is less sophisticated than its VP cousin in TradingView. But is it comparable, as a free option? A quick explanation of the difference. Market profile: prices mapped against time. How long did the price spend at each level? Volume profile: prices mapped against volume. How much was traded at each price level?

Logically speaking, VP should reflect a more accurate measure of market sentiment, as quick movements at extremely high volume might barely register in MP. Let’s see if this plays out in practice over a small sample. Results of a few minutes’ comparison. The MP EA I’m using in MT4, while not offering a definitive ‘Point of Control’ (POC) line, does show peaks at the exact prices the VP in TV does for today’s prices. Almost to the tick. The downside is that it only displays on the right, covers the current price action, and doesn’t seem reconfigurable by time period, only allowing a calculation for the previous period. I may be wrong on that - I haven’t used MT4 much - so do send a message if you know more. What it means though is that I can’t very easily look at yesterday’s POC and see how today’s compares. There are other EAs in MT4 that might perform better1, as well as extensive discussion on the subject2 at Forex Factory. That famous hive of scum and villainy. Well, I just copied some of the EAs from 1 into MT4 (mqlindicatorsdownloads) and compiled them in MT4. The one called MarketProfile-va is actually much more useful than the first, giving a POC line and a transparent, behind-the-candlesticks look, with colour coding and a value area (VA) box. You just have to set it to a date and how many days to count for that to work. Unfortunately, the POC doesn’t match yesterday’s VP POC in TV. In fact, it’s quite far out. 1.27406 in MT4 vs 1.26753 (for GBPUSD on 2017-06-12). TV’s POC doesn’t even show as a peak on the display.

Then I tried out marketprofile_scrat (most downloaded on the list at 1 by a clear 1000 downloads at this point) and it shows a POC, colour coding for different markets (Asia, EU, US) and gives more options than the others. This is looking better. Apart from the start and end date options seemingly being reversed (unless I was using it wrong - it wouldn’t work the other way), it seems the best for MP out of the three. How does it compare to VP on TV? Well, it showed 1.26527 as POC for the same day as before, so closer to TV, but still off. Long term it might give a fuzzy enough indication to make a trading decision, but it’s a little more awkward to use than TVs offering. Trying to compare POCs for a few more days (MT4 vs TV respectively, 10pm-10pm for GBPUSD in June 2017): 10-11th - 1.27408 vs 1.27450 8-10th - 1.27309 vs 1.27373 (*) 7th - 8th - 1.29566 vs 1.29418 6-7th - 1.29052 vs 1.29100 5-6th - 1.29064 vs 1.29061. (*) from 9pm on the 8th to capture the big GBP drop after exit poll news. So it looks, at first glance, like I’ve found a Market Profile indicator that matches the paid Volume Profile indicator on TV. Let me try another 5 days, just to be sure: 4-5th - 1.28660 vs 1.28700 1-2nd - 1.28827 vs 1.28834 31-1st - 1.28751 vs 1.28743 30-31st - 1.28093 vs 1.28864 (*) 29-30th - 1.28581 - 1.28585 28-29th - 1.28384 - 1.28391 25-26th - 1.28787 - 1.28790 24-25th - 1.29540 - 1.29582. (*) First major discrepancy, there is another peak at 1.28890, much closer, but European MP dominated in the MT4 chart. There is another large VA in TV, likewise, that matches MT4’s. There was a large swing on that day. This is noted as an issue with profiles on the Wikipedia page3.

So clearly you have to be careful when there are two competing POCs, which can throw the final POC out. Assume both are perhaps control points and work from that assumption. BUT, given how close these results are, there’s a strong correlation between the two indicators. It looks like it’s going to be usable in a strategy, saving the monthly fee for TV for more trading capital! More research into how time vs volume data can differ or correlate required, but I’m happy with the preliminary findings. If anyone can corroborate this in different time frames, over even in some automated way over a sample of 1000 or more days, it’d be much appreciated! I’ll of course link to your findings if you do. I can’t find any VP indicators for MT4 (that don’t cost $hundreds) so I think this is the best match I can find for now. There is one for MT5, but I’m not sure how ‘free’ it is when you have to submit your (an) email address4. One avenue for improvement on the ‘working’ indicator would be to show yesterday’s POC alongside today’s. Sounds doable and the code is simple, so I’ll take a look when I get time. Otherwise manually clicking away works fine. Tested in MT4, under wine on Debian Jessie (GNULinux). Tradingview using same Oanda demo account as MT4. EDIT: I’ve just found in a linked forum post that if you add your basic volume indicator you can match high volume to price quite easily, combining the best of market profile and volume data. EDIT 2: Just found a better EA by the same author, showing previous days’ POCs5. Now we’re cooking! Submit comments here. Sharing posts appreciated.

Forex Meta Trader Indicators Catalogue. . Forex Meta Trader Indicators Directory. . Posts Tagged “market-profile” Market Profile 2 , gradient colors. Indicator displays the Market Profile charts for the daily trading sessions painting different time sessions in gradient colors. Draw value area and point of control (median). Traders tend to return to those areas if the volume of the breakout movement isn’t too high. High-volume breakout out of these areas signifies a real breakout. Should be attached to M5, M15 or M30 timeframes. M30 is recommended. Designed for standard currency pairs. May work incorrectly with very exotic pairs, CFDs or commodities. Be careful: it will delete all rectangle objects on the chart upon deinitialization. StartFromDate – specify a date from when it should draw market profile histograms. StartFromToday (truefalse) – if set to true the start day is ‘today’. Set to false if you want to use with StartFromDate value.

DaysToCount – how many days back to process. ColorScheme (0,1,2) – different color schemes for gradients. MedianColor , ValueAreaColor – colors for median and value area. Price Stat, market profile data per timeframe. Indicator draw market-profile style histogramdata for a selected period, after you set two vertical lines. All you have to do is add indicator to the chart and add two vertical lines. eVOLution-levels real volumes. The indicator show real volume levels (vertical!) for forex and futures, it works with external data that should be downloaded manually from trading-evolution. com website flesh applet. Indicator draws: – top 3 last trading day volume – top 3 current week volume – top 3 last week volume – top 3 contract levels. First line (the first one top volume) is drawn as solid line, so you can simply identify it, even more if you will hold your mouse under the line you will see description (see attached picture) “pw1=7180”, this mean “previous week 1st volume line = 7180 lots” Indicator shows total volumes for all this periods, with the same colors as lines for them. It can play sound alert when price will step into one of the lines. Market Profile custom color. Indicator emulates volume histogram and drawing histogram in 3 different colors – for different sessions, they are Asia, Europe and USA. Also draw TPO line.

Input parameters are: StartDate – from where to begin (optional parameter) lastdayStart (truefalse) CountProfile – how many days to show Asia – color for Asia session Europe – color for Europe session America – color for America session Moda – color for maximum volume. Trading Forex With Market Profile Trading Forex Majors Using Market Profile Techniques and Technical Analysis. Forex is the world's largest and most liquid financial market, and Market Profile is our tool to trade it. 10-Hour Online Course. One year of full access to lessons online. for only $550. Dr. Keppler, a Pioneer in the Development and Application of Forex Profile Strategies, has developed a set of unique and innovative trading strategies to capture lucrative opportunities in the Forex Market. Only a small percentage of Forex traders have discovered the analytical power of the profile. This course demonstrates how Market Profile concepts can easily be applied to Forex trading. Forex traders will have an opportunity to learn how to spot selling and buying tails, key auction levels, points of control, fair market price, market value parameters and areas of underdevelopment. The course presents actual examples of Forex trades using profile concepts and basic technical tools.

The ability to identify when prices rise above a value area high or drop below a value area low can provide significant trading opportunities in the Forex market. These important developments are not evident or identifiable on any other type of chart. This course is designed to offer Forex traders an opportunity to understand and learn how to apply the Profile Forex Advantage. Learn to Apply the Market Profile Forex Advantage. Market Profile Charts and Concepts are a powerful analytical tool that can be applied to any electronically traded market. Market Profile Concepts can be applied to Forex, Stocks, Futures, Commodities and Bonds. They are also suitable for position trading, swing trading as well as day trading. Some traders mistakenly believe that since the Forex spot market is not traded on a central exchange, the Market Profile Concepts can't be applied to the Forex market. Nothing can be further from the truth. While it is true that there is no central exchange for the Forex market, the profile provides a formidable and invaluable tool for the Forex trader. The Course Presents Profile Concepts in a Simple & Easy-to-Use Manner. The profile structure can be developed and analyzed for any currency pair. The conceptual framework of the profile design allows for a comprehensive and basic analysis of the market without numerous technical indicators and complex tools.

Once a trader understands and learns to use the profile they discover a new world in the Forex market. They are able to identify and capture many opportunities that are simply not visible on traditional charts. The profile provides an organized structure and a logical basis for understanding and interpreting Forex market developments. Market Profile Easily Identifies Value In the Market. In buying or selling any financial instrument, it is extremely helpful for a trader or investor to know and understand where value is in the market relative to the current market price. Market Profile makes it possible for a Forex trader to identify both long term and short term value in the market. Market profile is the only charting technique that can actually identify value in the marketplace for any currency pair. Once a Forex trader discovers the power and benefits of understanding market value they will be amazed that they were ever able to trade without it. Profile Identifies Key Support and Resistance Levels. The three-dimensional view of market action and the capability of organizing market data in a normal distribution pattern allows investors and traders to gain a tremendous insight into the market.

A view that is not possible with conventional charting methods. The support and resistance levels on the profile chart are derived based on actual market activity and value parameters. As a result, these support and resistance levels are more easily and reliably identified by a Forex trader. Market Profile Structure Makes It Easy to Distinguish Between Trending and Non-Trending Markets. Any currency pair on the Forex spot market is continually moving between a state of balance and imbalance in the market. The profile makes it possible to monitor the balance points for the currency and transitions between balance and imbalance in the market as they occur. The profileЂ™s development and path of movement immediately unveils the existence of a directional trend or a sideways market . Thus making it possible to capture directional moves early in their development. In a trending market, the structure of the profile is narrow and long, while a balanced market is more developed and wider in structure. The course explains the development for the various types of profile structures and the appropriate strategies required to trade them. Market Profile Helps Traders to Accurately Project & Forecast Price Targets. As a basic principle, Market profile charts move our thinking beyond the focus on price . The profile integrates the "Market Value" concept in its analysis Ђ” Forex markets behave just like any other market system, they are governed by the forces of supply and demand. The market for any currency pair alternates between periods of equilibrium and chaos.

When prices seek to find a new value area after each trend, the market develop around a fair price. When there is an increase or decrease in buying, prices move out of equilibrium, prices break away from equilibrium and trend higher or lower until a new balance is achieved. The whole process of price action is driven by the laws of supply and demand. This dynamic is clearly visible on the profile chart making it possible to forecast range extensions and potential price targets with remarkable accuracy. Market Profile Charts Identify Trade Opportunities Not visible on Other Type of Chart. The profile provides a unique visual representation of the market. The profile shape and structure allow traders to identify and spot trading opportunities that are not apparent on any other chart. In this course, Forex traders will have an opportunity to learn how to spot a selling or a buying tail, auction points, points of control, fair price, minus developments and ledges. Moreover, participants will be able to immediately see when prices rise above a value area high or drop below a value area low. These important developments often create rewarding opportunities in the market and are not evident or identifiable on other types of charts. Market Profile Provides Structural Based Protective Stops. Selecting an appropriate location for a protective stop is often a challenging task for many Forex traders. Frequently, Forex traders are stopped out of a trade only to find the market turn and move in the direction of their trade after they have been stopped out. The profile structure makes it possible for a Forex trader to select and base their protective stops on key structural elements in the profile. This allows the Forex trader to strategically and properly identify protective stop locations for each trade.

The appropriate location of a protective stop reduces potential losses and enhances the risk management process for each trade. The profile is simply an innovative and smart way to analyze the Forex market. Unlike traditional technical analysis and charting techniques where only price movements are measured by using technical indicators, the Market Profile theories provide the trader with a wealth of information about the underlying structure and strength of the market . Using the power of the profile, a Forex trader can gain a much greater understanding of market activity and the market forces behind the activity.



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