Re: Market and Volume Profile Indicators for MT4

97
Banzai wrote: Wed Dec 31, 2025 3:24 pm Money Flow Profile

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Free from LuxAlgo :In Love:
Hi Banzai Happy New Year! Thanks for preparing the profile indicator. Could you please adjust it so that crowded vertical lines don’t appear? It looks fine on some pairs, but on others the vertical lines show up on the chart. Thanks!
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Forex Tribune

Re: Market and Volume Profile Indicators for MT4

99
I tested this MarketProfile-based indicator from EarnForex with Power Reversals nrp, and I think you'll like it. It's similar to the ATS indicator, but I wanted to add some customization and extra options. You just need to adjust some settings before applying it to the chart, and manual mode is better than automatic.

If you were to design an indicator based on identifying areas of contraction or equilibrium, what would you rely on? Technical patterns such as the flag/wedge pattern, or the market profile? (like ATS v6 indicator)
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Re: Market and Volume Profile Indicators for MT4

100
If you have enough time and brain cells left, you can take a look at this source code. If anyone can develop this source code and add more features, please do so.
This is an update to the previous indicator, but with many additional features and the removal of others.
Note that the yellow line and Magenta are reversal levels, SpringGreen is a news reversal level, and Aqua is a take-profit level.
The system for identifying areas of interest is different from the regular MarketProfile; its purpose is to filter and identify true equilibrium zones.

Update: RE-Download the version. The update includes an additional feature called "CLUSTER MATRIX." Some levels on the chart are concentrated in one place, creating a strong reversal level. This feature is designed to identify these levels and categorize them into 3 groups, making it easier to see important price zones.

The feature only identifies the zones. If you want to change the cluster settings, adjust the other properties to suit your preferences, and this feature will automatically identify them.

The 3 groups are categorized by level score. The Scoring System:
HTF Support/Resistance = 3 Points
KCE (Thermodynamics) = 3 Points
KPE (Kinetic Velocity) = 2 Points
Derived Volatility (StdDev, LVE, ADR, ATR) = 1 Point each
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