qwepoi123 wrote: Sat Mar 08, 2025 11:41 am
@kvak, I'm sorry, dear kvak, for typing your name incorrectly. I'm very sorry about this.please add button and ID, thank you!
Market Statistics indicator
Hello, bro no need to apologise to type name incorrectly, it is ok. I will quick look on indicator, here is buttoned version You may try it and test it.
What is the Market Statistics indicator?
The Market Statistics indicator for MT4 is a Volume Weighted Average Price (VWAP) and Market Profile tool with Standard Deviation bands. It's core components are:
- VWAP (Volume Weighted Average Price): This is used to determine the typical price at which an asset has been bought and sold during the day.
- PVP (Point of Volume Profile / Peak Volume Price): Identifies the price point that had the most trading activity during the chosen period. This shows the areas with the highest trading activity, which can help in spotting support and resistance levels.
- Standard Deviation Bands: Three different levels of standard deviation bands (SD1, SD2, SD3) are created around the volume-weighted average price (VWAP) to display volatility and potential price movement ranges.
- Market Profile Histogram (Volume Profile Visualization): A volume histogram is calculated based on MT4 tick volume at different price levels to identify where traders are most active.
This indicator is especially beneficial for intraday trading and analyzing volume, as it assists traders in pinpointing crucial price levels derived from trading activity and the distribution of prices.
EDIT : small changes added menu for color histogram and style lines.