Market Overview for Day Traders - MetaTrader 4 Script | Forex Indicator Downloads - MT4/MT5 Resources

Bassam Faramawi.

This indicator simulates the complete structure of the Market Profile system described by "James Dalton" in his book "Mind Over Markets" for Market Profile day traders, including TPO, POC, RL, VA and IB.

It brings the complete system to the screen of MT4, just like it has a typical interface among market profile service providers. It plots TPO as letters or blocks the way you want, detects the TPO value area (not the volume VA) you detect as a percentage (default is 0.7), and displays the control point and initial balance for the day as well as the opening flag for all days.

It allows this parameter to be carried over to the next day (or days) to help you build an accurate vision of the current formation day. Ability to view an overview of the US, European, Asian session, or Dong-Sun session. Now it also has a pointer to detect active TPO.

This version only works on the M30 timeframe (do not try to switch to other timeframes).

If anyone asks about the purpose of the market profile, please see the strategy tester image (1000% profit).

Attachment download

📎 Eng_Bassam_Day_Trader_Market_In_Profile.mq4 (15.73 KB)

Source: MQL5 #11128