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KT Volume Profile MT5

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 42.13%
7-Day Profit: 38.92%
Support: 24ั…7 via Telegram
Profit EA๐Ÿš€
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 34.79%
7-Day Profit: 27.24%
Support: Developer
Profit EA๐Ÿš€

What is KT Volume Profile?

  • KT Volume Profile is an indicator designed for MetaTrader 5 that provides a visual representation of the volume accumulated at different price levels, displayed as a histogram.
  • By utilizing this tool, traders can easily identify significant zones of trading activity, support, and resistance levels.
  • One key feature is the Point of Control (POC), which represents the price level with the highest traded volume, often serving as a critical reference for traders.
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    Key Features

  • Real-time Updates: The volume profile data can be updated in real-time by dragging and dropping a rectangle on the chart.
  • Alerts: KT Volume Profile can provide alerts when the price crosses the POC, aiding traders in making informed decisions quickly.
  • Low Resource Usage: It is designed to use minimal CPU and memory resources, allowing for smooth trading and analysis.

    • Input Parameters

  • Volume Source: Options to choose between Tick Volume and Real Volume, depending on the broker's data availability.
  • Color Customization: Users can customize the volume profile histogram's colors as well as the POC line color and style.
  • Box Dimensions: Adjust the width and color of the rectangular box that represents the volume profile on the chart.

    • Understanding Volume Types

  • Real Volume: Represents the actual number of trades executed, providing more accurate insights, though it's often hard for retail traders to obtain.
  • Tick Volume: Counts the number of price changes, serving as a widely used proxy in forex trading when real volume data is unavailable.
  • Research has suggested a strong correlation between tick volume and actual traded volume, making it a reliable alternative in many situations.
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    Practical Application

  • The KT Volume Profile can be applied across various trading strategies, whether for day trading, scalping, or longer-term investments.
  • It helps identify price levels where a high volume of trades occur, offering clues for potential breakout or reversal points.
  • Combined with other analysis tools, it enhances the trader's ability to enter or exit positions effectively, thereby optimizing trading performance.

    • User Experience

  • Users have generally reported a positive experience with KT Volume Profile, citing its effectiveness in improving market understanding and decision-making.
  • Traders appreciate the customizable features and the simplicity of integration with their existing trading systems.
  • Many meshed it within other indicators to create a more comprehensive trading strategy, showcasing its versatility.
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