The KT Volume Profile MT5 tool is designed to enhance your forex trading experience by providing insightful market analysis. This trading tool displays volume accumulation data as a histogram on the y-axis, bringing to light the trading activity over specific time periods and price levels.

Understanding Point of Control (POC) in Trading

One of the key features in the KT Volume Profile MT5 is the inclusion of the Point of Control (POC). The POC represents the price level that aligns with the highest traded volume within the overall volume profile histogram. This is a critical tool for traders as it is often used as a support or resistance level, or as a crucial price point where the market retests before deciding on a specific direction.

Features of KT Volume Profile MT5

The KT Volume Profile tool is user-friendly and it saves time with its intuitive design. Simply by dragging and dropping the rectangle anywhere on the chart, one can immediately update the volume profile data in real-time. Moreover, it alerts the user when the price crosses the Point of Control (POC), providing a timely notification to act upon. The tool has been coded from scratch, ensuring it uses minimal CPU resources and memory, thus maintaining efficient performance of your trading platform.

Customization and Inputs

One of the strengths of the KT Volume Profile MT5 is its customizable inputs. Traders can select either Tick Volume or Real Volume as their volume source. The color of the volume profile histogram, the width of the rectangle box, and the color of the rectangle box can all be adjusted according to the trader’s preferences. The POC display can be turned on or off, and its color, style, and width can be customized. The alert settings are self-explanatory and easy to adjust.

Real Volume vs Tick Volume

Acquiring real volume data for retail traders can be challenging due to the decentralized nature of the spot FX market. The KT Volume Profile MT5 tool has the capability to process real volume data if it is provided by your broker. If not, it will use tick volume, which is generally provided by most FX brokers. Veteran FX trader, Caspar Marney, in a research paper submitted in 2011, demonstrated a high degree of accuracy and correlation between the tick volume and actual traded volume.

Independent Testing and Updates

For those interested in the performance of the KT Volume Profile MT5 tool, independent testing results can be viewed on the forexroboteasy.com website. Traders can also subscribe to updates on the results of testing this product. This allows you to keep up-to-date with the effectiveness and reliability of the tool.

FAQ

What is the Point of Control (POC)?

POC is a price level that coincides with the highest traded volume within the whole volume profile histogram. It is widely used as a support or resistance level in trading.

What is the difference between Real Volume and Tick Volume?

Real Volume refers to the actual number of shares or contracts traded, while Tick Volume refers to the total number of price changes. The KT Volume Profile MT5 can process both types of data.

Where can I find independent testing results of the KT Volume Profile MT5?

Independent testing results can be found on the forexroboteasy.com website. You can also subscribe to receive updates on the testing results of this product.

Do you have any experience with the KT Volume Profile MT5 tool? Feel free to share your insights and how it has influenced your trading strategies. Remember, this review is independent and we encourage open discussion to help each other in the world of forex trading.