KT Volume Profile Indicator 
MT4/MT5

Volume Profile Indicator Features

• Odds on every level. Each label shows how often price reached a level that far from the day's open, measured on your chart, and says "reached" once price gets there.
• Today's scenario panel. It names where today opened against yesterday's value area, and how often such days came back into value, reached the POC or crossed to the other side.
• Daily profiles drawn for you. Every day on M1 to H1 gets its own histogram, POC, VAH and VAL, with the value area in a stronger colour.
• Naked POCs that wait for price. An earlier day's POC stays on the chart until price trades back to it, with its own odds for today.
• Fixed range profile with a drag box. Drag the box over any move and its profile follows, and the box stays put when you change the timeframe.
• Alerts once per level. A popup, sound, push notification or email when price reaches yesterday's POC, VAH or VAL, a naked POC or a drag box POC.
• Smooth on gold, indices and crypto. Each profile uses a fixed number of price rows, so a busy gold M1 chart stays as fast as EURUSD.
• Tick volume or real volume. Forex runs on tick volume, and with real volume selected the indicator uses it wherever your broker provides it.

How the Volume Profile Works on the Chart

The longer a row of the histogram, the more trading happened at that price. The POC is the price with the most trading, and the value area between VAH and VAL holds 70% of the day's trading.

Price does not respect every level, and a POC far from the open is rarely reached the same day. That is why every label carries its odds: a level at 80% and a level at 9% are not the same target, even when both are called POC.

Recommendations

Use it on M5 to H1 charts for day trading, where each day's profile is easy to read, and add a drag box on H4 for swing ranges. Forex majors, gold and stock indices all work, and the odds are measured separately on every symbol you open. The more history your chart holds, the more days the odds are measured on.

Volume Profile Indicator Settings

• Daily profiles shown, today included (0 = off) (default: 5): How many days get their own profile on M1 to H1 charts.
• Drag boxes (0 = none) (default: 1): How many boxes you can drag over any range.
• Copy number on this chart (default: 1): Set 2 on a second copy of the indicator on the same chart, so the two never touch each other's drawings.
• Volume source (default: Tick volume): Tick volume, or real volume on symbols where your broker provides it.
• Show the value area (VAH and VAL) (default: true): Draws VAH and VAL and colours the value area rows.
• Naked POCs shown (0 = hide) (default: 5): The nearest earlier POCs that price has not returned to.
• Show reach odds on level labels (default: true): Adds the odds for today to each label.
• Scenario panel (default: Bottom left): The corner of the panel, or Hidden.
• Sound alert, Popup alert, Email alert, Push notification (default: on, on, off, off): Where the alerts reach you.

Pro Tip

Read the panel before the London open. When today opened outside yesterday's value area, wait for price to come back into value instead of chasing the open, then take yesterday's POC as your first target when its label shows high odds.

Frequently Asked Questions

Does it work on forex, where there is no real volume?

Yes. Forex brokers send tick volume, the number of price changes in each candle, and the indicator uses it by default. Choose real volume and it switches to real volume on every symbol where your broker has it.

Do the profiles change after the day is over?

No. A finished day keeps the profile it was drawn with. Only today's profile grows while the day trades.

Why does the panel say "too few"?

A rate is shown once there are 20 past examples at that distance. Scroll the chart back or raise Max bars in chart (Tools, Options, Charts), and the rates appear.

Is it for MT4 or MT5?

Both. Choose your platform in the buy box, or take MT4 + MT5 for both versions with the same settings.

Know the Odds Before You Pick a Target

You choose the trades. The KT Volume Profile Indicator shows you where the important levels are and how often price reached them on your own chart, so every target starts from a number instead of a guess.