New Market Volume Profile Alert indicator
Sends signals when the price breaks through the POC range (Point Of Control) – the level where the most volume has been traded on a chart.
In the indicator you can adjust:
The number of bars to analyze the market profile – the more bars, the stronger the zones and trends will be selected.
The width of the POC range is set automatically by ATR, you can adjust the multiplier to increase/decrease the areas.
Timeframe for profile analysis – remember that when using higher timeframes, the number of bars will be applied to the higher timeframe, so reduce this value.
This tool will give you a visual representation of the areas where the market is gaining volume and notify you of the beginning of price movements.
Supported Features :
Projectreaper Connect – USER GUIDE
Projectreaper Trend OS Filters – USER GUIDE
Settings :
TimeFrame – timeframe
BarsCount – amount of bars to calculate profile
VolumeBOXSize – volumes scaling multiplier
VolumeColor – color of the volume profile
POCSize – poc lines width
POCColor – poc central line color
POC_ATR_Range – ATR multiplier
POC_Buy_Color – buy poc line color
POC_Sell_Color – sell poc line color
Alerts
Draw_Arrows – draw arrows
Sound_Alerts – enable sound alerts
Buy_Sound_Alert – buy alert sound file
Sell_Sound_Alert – sell alert sound file
Alert_PopupWindows – enable popup windows
Push_Alerts – enable push sms alerts
Mail_Alerts – enable email alerts
SignalName – Signal title
Buy_Text_Alert – buy signal text
Sell_Text_Alert – sell signal text
ShowPipTags – display the potential price movement in pips from the last signal
ShowTPSL – enable/disable the display of SL and TP levels.
SLBars โ the number of bars to calculate the levels
SignalBarRangeSL โ additional check of the size of signal candlesticks
MaxSLPips โ limit the maximum stop loss value (0 – off)
MinSLPips โ minimum stop loss value (0 – off)
MaxTPPips – limit of the maximum take profit value (0 – off)
MinTPPips – minimum take profit value (0 – off)
TP1_Ratio โ ratio of take profit to stop loss of the first TP level
TP2_Ratio – ratio of take profit to stop loss of the second TP level
TP3_Ratio – ratio of take profit to stop loss of the third TP level
Style
Buy_Arrows_Color – buy signal arrows color
Sell_Arrows_Color – sell signal arrows color
Arrows_Width – signal arrows size
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder
Good trading!
