Market Profile

Market Profile is an application, indicator, which supports work with the fourth version of the terminal from the MetaTrader the main functions of the utility is a quick and convenient analysis of the market situation by evaluating the maximum volume traded on the exchange. Thus, a trader, who has this indicator in his arsenal, gets all the necessary information at his disposal in an easy-to-understand form. Why should a user have information obtained from different charts? Now you will learn about it!

Purpose

The main function of this utility is to track the big players that make really big changes in the level of demand for a particular currency. Such changes lead to realignment, which in turn affects trends and other things. The tool will be useful, not only for players who want to capitalize on a sharp jump, but also for fans of long, big trades. The availability of information about the price level for the past days, makes it much easier to analyze and see noticeable changes in the market layout. The data is updated quite often, which allows you to be aware of the latest changes. In general, such information will be useful for any trader who works with the fourth version of MetaTrader.

Interface and usage

You have access to both minute and daily charts, and you can also access monthly and weekly indicators. To process information more efficiently, there are indicators of three different colors. In addition to the most common among traders MT4, there is a special version for MT5, earlier meta-traders are not supported by the utility.

Key Features

• The application is useful for traders, as it provides the most complete and necessary information about price distribution;
• The information is presented in the form of charts, which are much easier to analyze, as you can more quickly notice jumps and all kinds of changes;
• Tracks the moment when big players enter the game, and as you know they can significantly change the balance of power in the market;
• Three different color schemes are available;
• Supports MetaTrader version 4 and 5.