[tradewiser]

Hi,

Does anyone know if there is any good implimentation of MP for the Metatrader 4 platform? I found some free ones but they are not good enough to use.

Many thanks
Wal

[mario.andrea]

Hi Wal,
you can give a try to my implementation.

The indicator "sp market profile.mq4" has two modes:
1. daily: it plots mp day per day, for the number of 'days' parameter; I use this with a 30 min chart.
2. manual: you must write in a file 'filename' the start day and hour of the mp, as the sample files in EURUSD_H4.mp, ...; if file name is empty the filename is assumed <ticker>_<timeframe>.mp ; I use it for H4 and daily timeframes.

There are common parameters for ticks, drawingto and to exclude asia, europe or us session (I use it for SP500, where I do not include asia session).

sp market profile log.mq4 is a script to log mp (quite raw...):
poc, +/-value area, +/-std3 area, +/-excess

MP Order.mq4 is a expert that uses those levels as trigger, order, stop and terget.

I would be interested to anyfeedback to improve it, expecially the expert (that is just my idea...)

Ciao,
mario.andea

[taq]

i am not able to get any profile
can you upload help file if possible i am new to MT.

[mario.andrea]

Hi Taq,
jus copy everything (same as the unzipped) to the "expert" folder in the MT folder. Then start MT and drag the 'sp market profile' custom indicator i.e. in the eurusd chart and select 30M timeframe. You should see samething as in the picture. Better if you use bar chart.

Ciao.

[law man]

What is the name of the program
I want to address

[vladv]

It's the Market Profile indicator tool,for MT4 platform!

[vladv]

Anyone can help me with some good ebook/s manual/s about HOW TO use Market Profile when trading forex? Thanks guys!

[mario.andrea]

I found some hint on the CBOT handbook; you should not draw a day by day mp, but you should try to see a distribution forming from a previous distribution when there is a initiating move from the previous POC. See my EURUSD_H4.mp file, where manually I set the starting time of the distribution (using mode 2 in the indicator params).
Of course it is challenging understand when a bar there is a initiating move, but minus developments should help.

Ciao,
mario