Volume Profile Indicator MT4 Trading System & Strategy
Product Features:
The Volume Profile Indicator MT4 is a powerful technical analysis tool that helps traders identify areas of support and resistance, as well as potential trading opportunities.
What is it Used For?
The Volume Profile Indicator is used to identify areas of high and low trading volume. These areas can then be used to make informed trading decisions. For example, a trader may look for areas of high volume to identify potential support levels, or areas of low volume to identify potential resistance levels.
Key Usage Points
✓ Easy installation
✓ Durability
✓ Color options
Detailed Specifications
The Volume Profile Indicator is a histogram that displays the volume of trades that have occurred at each price level. The histogram is divided into two sections: the positive volume and the negative volume. The positive volume is the volume of trades that have occurred at prices above the current price, while the negative volume is the volume of trades that have occurred at prices below the current price.
The Volume Profile Indicator can be used on any time frame, but it is most commonly used on the daily time frame. The indicator can be used on any type of financial instrument, but it is most commonly used on forex and futures markets.
Additional Features
In addition to the basic features listed above, the Volume Profile Indicator also includes a number of additional features, such as:
• Alerts
• Custom colors
• Multiple time frames
What Makes This Product Stand Out from Competitors?
The Volume Profile Indicator is a unique technical analysis tool that provides traders with a number of advantages over other indicators. These advantages include:
• The Volume Profile Indicator is based on volume data, which is a more accurate representation of market activity than price data.
• The Volume Profile Indicator is a visual indicator, which makes it easy to identify areas of support and resistance.
• The Volume Profile Indicator can be used on any time frame or financial instrument, making it a versatile tool for any trader.
TradingView: Volume Profile
Forex Factory: Volume Profile Indicator
MetaTrader 4: Volume Profile Indicator
