KT Volume Profile Indicator 
MT4 | MT5

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.