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KT Volume Profile Indicator
MT4 | MT5

Name: KT Volume Profile Indicator
SKU: 59556
Price: 19.00 USD
Availability: InStock
Rating: 4.90 (10 reviews)

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Description
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KT Volume Profile indicator for MT4 & MT5 displays the volume accumulation data as a histogram on the y-axis providing an ability to find out the trading activity over a specified time period and range of price.

What our customers say

A user-friendly volume profile indicator. Just drag and drop anywhere on the chart.

- Arthur Simango

Thanks for this indicator. It is very useful and easy to use.God bless you more!

- Raymond Elmido

Very very good indicator. Thanks!

- Giovanni Pascoli

Real Volume vs. Tick Volume

Getting the total volume data for retail traders is very difficult due to the decentralized nature of the spot Forex market.

However, if your broker provides the real volume data for a symbol, the indicator can process the information using the real volume. Otherwise, it will use the tick volume that most Forex brokers provide.

Caspar Marney, a veteran Forex trader, submitted a research paper in 2011 and concluded a high accuracy and correlation between the tick volume and actual traded volume (real volume).

Learn to think and trade like an Institution. Trader Dale has described the complete strategy in his book, VOLUME PROFILE: The insider's guide to trading.

The Point of Control (POC) Level

POC represents a important price level that coincides with the highest traded volume within the whole volume profile mt4 indicator histogram.

POC is mainly used as a support/resistance or a fundamental price level where the market retests before going in a specific direction in a trading session.

Features of KT Volume Profile Indicator

It's very convenient and easy to use. Just drag n drop the rectangle anywhere on the chart to update the volume profile data in real-time.
It supports multiple volume profiles to facilitate the technical analysis on previous days.
It can provide alerts when the price crosses the POC.
Coded from scratch uses the least CPU resources and memory.

Input Parameters

Volume Source: Tick Volume/Real Volume.
Volume Profile Color: Color of the volume profile histogram.
Volume Profile Box Width: Width of the rectangle box.
Volume Profile Box Color: Color of the rectangle box.
Show Point of Control (POC): true/false
POC Color: The color of the POC level.
POC Style: The lines style and appearance of the POC level.
POC Width: The width of the POC level.
Alert Settings: self-explanatory.

How to use Volume Profile in your Trading Strategy

During an active trading day, there could be a decisive price action when the price touches the Point on Contol (POC) level. Using this information, you can use the our flexible Volume Profile indicator MT5 as follows:

If the entry price is above the POC, you can use the POC as a stop loss level, or if the entry price is below it, you can use the POC as a profit target.
In Forex trading, you can look for some candlestick patterns near the POC level as they often provide a strong indication of an upcoming reversal.
It can be very effective when used in a trading strategy that uses the Daily time frame. For example, when a trading day opens that lies outside of the volume profile visible range, it can be a strong indication of the trend continuation.
In a bullish or bearish market, the area of high session volume can be used to find the retracement or pull-back zone.

Volume Profile MT5 | MT4 Structures

Uniform Volume Distribution: In a uniform distribution, the volume data is scattered uniformly throughout the volume profile histogram. It usually happens when there is a balance between the buyers and sellers.
Non Uniform Volume Distribution: The volume data is non-uniformly distributed, and it usually happens when there is an imbalance between the buyers and sellers.
There are also various volume profile shapes such as short L-shape, short P-shape, long L-shape, and long P-shape.

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Reviews

volume profile

By Pascal Scattareggia on February 11, 2022 at 7:51 pm

however, it would be nice if the low and high values could be recognized with different colors, would be nice for a volume profile update, thank you very much

excellent indicator

By vikram m on February 1, 2022 at 9:52 pm

Good and flexible indicator

GREAT

By bO o10 on January 28, 2022 at 9:20 pm

THNAKS FOR THE INDICATOR, WORKS WELL.

Very helpful Indicator for Trading

By Raymond Elmido on September 10, 2021 at 2:56 pm

Thanks for this indicator. It is very useful and easy to use.God bless you more!

Awesome!

By David Elstob on April 5, 2021 at 1:31 pm

Superb indicator, Thanks.

Volume profile indicator

By Lekgoa Komane on December 11, 2020 at 1:01 pm

how do i use the volume profile indicator in MT4 because when i drag it to a chart it shows the volume box but not the volume profile

excellent indicateur

By alili fahim on November 23, 2020 at 7:02 pm

good indicator

Question

By yl kwok on September 4, 2020 at 5:47 am

Thanks for the user friendly indicator and the good work. Is there a maximum duration in which the indicator can display the volume? I tried to display it past say 10 days and the volume does not show further.

GREAT WORK

By Arthur Simango on July 23, 2020 at 10:13 am

A user-friendly volume profile indicator. Just drag and drop anywhere on the chart.

Excellent indicator

By Giovanni Pascoli on June 5, 2020 at 4:42 pm

Very very good indicator. Thanks!

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KT Volume Profile Indicator
MT4 | MT5

What our customers say

Real Volume vs. Tick Volume

Read More

The Point of Control (POC) Level

Features of KT Volume Profile Indicator

Input Parameters

How to use Volume Profile in your Trading Strategy

Volume Profile MT5 | MT4 Structures

V2.0

Screenshots

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