KT Volume Profile MT4

The KT Volume Profile MT4 is an innovative tool that displays volume accumulation data on the y-axis as a histogram. This feature offers traders the ability to examine trading activity across specific time periods and price levels, proving to be an integral asset in the realm of Forex Trading.

Understanding the Point of Control (POC)

At the heart of the KT Volume Profile MT4 lies a feature known as the Point of Control (POC). This represents a price level that aligns with the highest traded volume present within the entire volume profile histogram. The POC serves as a pivotal reference point, often acting as support/resistance or as a crucial price level where the market retests before moving in a specific direction.

Features and Inputs

With its user-friendly design, the KT Volume Profile MT4 is incredibly easy to use. Traders can drag and drop the rectangle anywhere on the chart to update the volume profile data in real-time. Moreover, it provides alerts when the price crosses the POC. This tool runs on minimal CPU resources and memory due to its efficient coding.

The tool also allows traders to customize various parameters. These include the Volume Source (Tick Volume/Real Volume), the color and width of the Volume Profile and its box, and the display, color, style, and width of the POC. Alert settings are also adjustable, giving traders control over when they receive notifications.

Real Volume vs Tick Volume

One of the challenges in retail Forex Trading is obtaining real volume data due to the decentralized nature of the spot FX market. If a broker provides real volume data, the KT Volume Profile can process this information. If not, the tool uses tick volume, which is generally provided by most FX brokers. Veteran FX trader, Caspar Marney, conducted a study in 2011 concluding a high degree of accuracy and correlation between tick volume and actual traded volume (real volume).

Independent Testing and Updates

Independent testing of the KT Volume Profile MT4 is available on the forexroboteasy.com website. Traders can also subscribe to receive updates on the results of this product’s testing, ensuring they stay informed on its performance and capabilities.

FAQ

What Is the Point of Control (POC)?

The POC represents a price level with the highest traded volume within the volume profile histogram. It often acts as a pivotal price level, serving as support/resistance or as a crucial reference point.

How Easy Is It to Use the KT Volume Profile MT4?

The KT Volume Profile MT4 is designed to be user-friendly. Its drag and drop feature allows for swift and easy updates of the volume profile data in real-time.

What Is the Difference Between Real Volume and Tick Volume?

Real volume refers to the actual volume of an asset traded. Tick volume, on the other hand, represents the number of price changes in a trading session. The KT Volume Profile MT4 can process either, depending on the data provided by the broker.

We invite all traders using the KT Volume Profile MT4 to share their experiences and insights. Your feedback not only helps us improve but also aids other traders in optimizing their Forex Trading strategies.

Remember, this review is independent and does not promote any product or service. The aim is to provide impartial and accurate information to help traders make informed decisions.