Technical Indicators for MetaTrader 4

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MetaTrader 4

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Information

Indicators
MetaTrader 4
Oleksandr Martsynyshen
1.0
5

Overview

Range Volume Profile

The indicator Range Volume Profile shows the distribution of transactions on the price scale in a given time range. This tool simplifies the analysis of the market situation and helps to find the price levels where a large player is sitting.

  Features:

  • shows the distribution of tick volumes relative to the price.
  • shows the distribution of real volumes relative to the price. If your broker provides them.
  • you can select the part of the chart that you want to explore.
  • for certain settings, the indicator shows only the levels where the most transactions are made. Accordingly, such levels are of interest to large market players.

 Recommendations for use:

   - the indicator can be used on any trading instrument.
   - it works well on timeframes from M15 to D1.

 

If you have any questions, please feel free to contact me.
Good luck and good trading.


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