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Session Volume Profile MT5

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Session Volume Profile is an advanced graphical representation that displays trading activity during Forex trading sessions at specified price levels.

The Forex market can be divided into four main trading sessions: The Australian session, the Asian Session, the European Session, and everyone’s favorite trading time is the American (US) session.

The POC profile can be used as a support and resistance level for intraday trading.

Session Volume Profile is an advanced graphical representation that displays trading activity during Forex trading sessions at specified price levels.

The Forex market can be divided into four main trading sessions: The Australian session, the Asian Session, the European Session, and everyone’s favorite trading time is the American (US) session.

The POC profile can be used as a support and resistance level for intraday trading.

VWAP-Volume Weighted Average Price.
ATTENTION! The indicator requires an up-to-date tick history, the deeper it is, the better the profile image will be. Your broker must supply a tick volume history (Exchange Futures).
The indicator is designed for the development of trading systems, its use in automated systems is not possible for technical reasons. 

[spoiler title=”Read More…”]

The indicator builds 2 profile types:
  • Volumes – The Volume at the tick price of the last trade.
  • Prices – The price of the tick as a result of a buy/sell transaction.
  • Volumes – The Volume at the tick price of the last trade.
  • Prices – The price of the tick as a result of a buy/sell transaction.
Input parameters:
  • VolumeType-profile types;
  • DigitsSet – the number of decimal digits that determine the accuracy of the price of the current chart symbol.
  • Width – width (step of the DigitsSet set)
  • ShiftOn(Days to look back) – number of days (history)
  • Histogramdepth – the depth of the histogram, if the data is small(1.0..more) / large(less>0.0..1.0), this parameter allows you to strengthen or weaken the visual representation of the profile
  • HistogramFill-filling the histogram with the current profile color
  • FirstSession – first session
  • FirstOffSet-offset of the profile of the first session in time relative to the time of the broker server
  • SecondSession – the first session
  • SecondOffSet-offset of the second session profile by time relative to the time of the broker server
  • ThirdSession – first session
  • ThirdOffSet-offset of the profile of the third session in time relative to the time of the broker server
  • FourthSession – Fourth session 
  • FourthOffSet-offset of the profile of the fourth session in time relative to the time of the broker server
  • ShowPOC-shows the VPOC trace line
  • ShowVAHighAndLow-shows the VA of the maximum and minimum line boundaries
  • ShowMid – the average value of the profile volume
  • ShowVWAP – Weighted average price (VWAP)
  • ValueAreaRange – range of area values [%]
  • ColorSchemeProfile-Profile color schemes
  • ColorSchemeProfileValueArea-Profile color schemes
  • ColorSchemeProfileVPOC-Profile color schemes
  • ColorSchemeProfileMid-Profile color schemes
  • ColorSchemeProfileVWAP-Profile color schemes
  • ShowInfo – show profile statistics
  • Font – name of the font
  • FontSize – font size

Brief instructions for setting up the indicator for testing in the MT5 strategy tester. 

It is important to remember: Before you start testing any instrument, you need a history of M1 quotes, the lack of history will not allow you to get the desired result.

  • The DigitsSet variable can take values from Digit0 to Digit5. It is important to set the value of the DigitsSet variable to a digit less than the bit depth of the instrument itself, in some cases two digits less. (Example: EURUSD has Digits = 5, in this case the variable DigitsSet = Digit4 and less)
  • The Width variable can take a value from x1 to x20. The variable defines the width of the price range and is calculated relative to the value of the DigitsSet variable . The smaller the Width value, the more visually the profile image will be expressed.
  • The ShiftOn/Days to look back variable can take a value of 0 or more. This is a shift in the history of quotes, if the value of ShiftOn/Days to look back = 0, profiles of the current day will be built.
  • The IntradayTimeFrame variable can take a value from M5 to D1. This is the time frame within which the profile will be built.

Example! EURUSD has Digits = 5, we set the following values:

  1. DigitsSet = Digit4;
  2. Width = x1;
  3. ShiftOn/Days to look back = 0;
  4. IntradayTimeFrame = D1;

It is important to remember:  In the strategy tester, the variable ShiftOn/Days to look back should have the value 0, on the online chart, this value can be any (depending on the depth of the history of quotes M1), the higher the value, the longer the profiles will be built.

  • VolumeType-profile types;
  • DigitsSet – the number of decimal digits that determine the accuracy of the price of the current chart symbol.
  • Width – width (step of the DigitsSet set)
  • ShiftOn(Days to look back) – number of days (history)
  • Histogramdepth – the depth of the histogram, if the data is small(1.0..more) / large(less>0.0..1.0), this parameter allows you to strengthen or weaken the visual representation of the profile
  • HistogramFill-filling the histogram with the current profile color
  • FirstSession – first session
  • FirstOffSet-offset of the profile of the first session in time relative to the time of the broker server
  • SecondSession – the first session
  • SecondOffSet-offset of the second session profile by time relative to the time of the broker server
  • ThirdSession – first session
  • ThirdOffSet-offset of the profile of the third session in time relative to the time of the broker server
  • FourthSession – Fourth session 
  • FourthOffSet-offset of the profile of the fourth session in time relative to the time of the broker server
  • ShowPOC-shows the VPOC trace line
  • ShowVAHighAndLow-shows the VA of the maximum and minimum line boundaries
  • ShowMid – the average value of the profile volume
  • ShowVWAP – Weighted average price (VWAP)
  • ValueAreaRange – range of area values [%]
  • ColorSchemeProfile-Profile color schemes
  • ColorSchemeProfileValueArea-Profile color schemes
  • ColorSchemeProfileVPOC-Profile color schemes
  • ColorSchemeProfileMid-Profile color schemes
  • ColorSchemeProfileVWAP-Profile color schemes
  • ShowInfo – show profile statistics
  • Font – name of the font
  • FontSize – font size

Brief instructions for setting up the indicator for testing in the MT5 strategy tester. 

It is important to remember: Before you start testing any instrument, you need a history of M1 quotes, the lack of history will not allow you to get the desired result.

  • The DigitsSet variable can take values from Digit0 to Digit5. It is important to set the value of the DigitsSet variable to a digit less than the bit depth of the instrument itself, in some cases two digits less. (Example: EURUSD has Digits = 5, in this case the variable DigitsSet = Digit4 and less)
  • The Width variable can take a value from x1 to x20. The variable defines the width of the price range and is calculated relative to the value of the DigitsSet variable . The smaller the Width value, the more visually the profile image will be expressed.
  • The ShiftOn/Days to look back variable can take a value of 0 or more. This is a shift in the history of quotes, if the value of ShiftOn/Days to look back = 0, profiles of the current day will be built.
  • The IntradayTimeFrame variable can take a value from M5 to D1. This is the time frame within which the profile will be built.

Example! EURUSD has Digits = 5, we set the following values:

  1. DigitsSet = Digit4;
  2. Width = x1;
  3. ShiftOn/Days to look back = 0;
  4. IntradayTimeFrame = D1;

It is important to remember:  In the strategy tester, the variable ShiftOn/Days to look back should have the value 0, on the online chart, this value can be any (depending on the depth of the history of quotes M1), the higher the value, the longer the profiles will be built.

Brief instructions for setting up the indicator for testing in the MT5 strategy tester. 

It is important to remember: Before you start testing any instrument, you need a history of M1 quotes, the lack of history will not allow you to get the desired result.

  • The DigitsSet variable can take values from Digit0 to Digit5. It is important to set the value of the DigitsSet variable to a digit less than the bit depth of the instrument itself, in some cases two digits less. (Example: EURUSD has Digits = 5, in this case the variable DigitsSet = Digit4 and less)
  • The Width variable can take a value from x1 to x20. The variable defines the width of the price range and is calculated relative to the value of the DigitsSet variable . The smaller the Width value, the more visually the profile image will be expressed.
  • The ShiftOn/Days to look back variable can take a value of 0 or more. This is a shift in the history of quotes, if the value of ShiftOn/Days to look back = 0, profiles of the current day will be built.
  • The IntradayTimeFrame variable can take a value from M5 to D1. This is the time frame within which the profile will be built.

Example! EURUSD has Digits = 5, we set the following values:

  1. DigitsSet = Digit4;
  2. Width = x1;
  3. ShiftOn/Days to look back = 0;
  4. IntradayTimeFrame = D1;

It is important to remember:  In the strategy tester, the variable ShiftOn/Days to look back should have the value 0, on the online chart, this value can be any (depending on the depth of the history of quotes M1), the higher the value, the longer the profiles will be built.

Brief instructions for setting up the indicator for testing in the MT5 strategy tester. 

It is important to remember: Before you start testing any instrument, you need a history of M1 quotes, the lack of history will not allow you to get the desired result.

  • The DigitsSet variable can take values from Digit0 to Digit5. It is important to set the value of the DigitsSet variable to a digit less than the bit depth of the instrument itself, in some cases two digits less. (Example: EURUSD has Digits = 5, in this case the variable DigitsSet = Digit4 and less)
  • The Width variable can take a value from x1 to x20. The variable defines the width of the price range and is calculated relative to the value of the DigitsSet variable . The smaller the Width value, the more visually the profile image will be expressed.
  • The ShiftOn/Days to look back variable can take a value of 0 or more. This is a shift in the history of quotes, if the value of ShiftOn/Days to look back = 0, profiles of the current day will be built.
  • The IntradayTimeFrame variable can take a value from M5 to D1. This is the time frame within which the profile will be built.

Example! EURUSD has Digits = 5, we set the following values:

  1. DigitsSet = Digit4;
  2. Width = x1;
  3. ShiftOn/Days to look back = 0;
  4. IntradayTimeFrame = D1;

It is important to remember:  In the strategy tester, the variable ShiftOn/Days to look back should have the value 0, on the online chart, this value can be any (depending on the depth of the history of quotes M1), the higher the value, the longer the profiles will be built.

It is important to remember: Before you start testing any instrument, you need a history of M1 quotes, the lack of history will not allow you to get the desired result.

  • The DigitsSet variable can take values from Digit0 to Digit5. It is important to set the value of the DigitsSet variable to a digit less than the bit depth of the instrument itself, in some cases two digits less. (Example: EURUSD has Digits = 5, in this case the variable DigitsSet = Digit4 and less)
  • The Width variable can take a value from x1 to x20. The variable defines the width of the price range and is calculated relative to the value of the DigitsSet variable . The smaller the Width value, the more visually the profile image will be expressed.
  • The ShiftOn/Days to look back variable can take a value of 0 or more. This is a shift in the history of quotes, if the value of ShiftOn/Days to look back = 0, profiles of the current day will be built.
  • The IntradayTimeFrame variable can take a value from M5 to D1. This is the time frame within which the profile will be built.

Example! EURUSD has Digits = 5, we set the following values:

[/spoiler]

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