At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Market Profile

Understanding Market Profile

  • Market Profile is a graphical representation that combines price and time information, showing the distribution of price actions over a specific period.
  • This technique helps traders visualize where the market has been active, indicating significant price levels based on trading volume.
  • It provides insights into the equilibrium price where trading has occurred but also where longer-lasting support and resistance levels may exist.
  • 🌍

    Key Components of Market Profile

  • Point of Control (POC): The price level with the highest traded volume, often seen as a critical support or resistance level.
  • Value Area High (VAH) and Value Area Low (VAL): These define the price range where approximately 70% of the trading activity has occurred, essential for gauging market sentiment.
  • The Initial Balance (IB): Highlights the price range established during the first period of trading, often used to identify potential breakout points.
  • Market Profile Calculation Techniques

  • The best timeframes for calculating daily, weekly, and monthly Market Profiles are flexible but generally include M5, H1, and D1 settings.
  • Customizable input parameters allow traders to adjust settings such as color schemes and session displays to meet specific analytical needs.
  • Commonly used within intraday trading and scalping strategies to capitalize on short-term market movements.
  • Benefits of Using Market Profile

  • Helps in identifying the perceived fair value for market participants, thus enhancing decision-making in trades.
  • Excellent for establishing stop-loss and take-profit levels based on significant market activity, thereby improving risk management.
  • Facilitates better timing of trades as it visualizes market imbalances and potential reversals.
  • Market Profile Indicators

  • Indicators like EASY Trendopedia and Volume and MarketProfile Pro, provide detailed analysis of trading volume across different price levels, assisting in market structure understanding.
  • Market Profile tools are highly adaptable, allowing for integration into existing strategies for enhanced analytical capabilities.
  • These indicators can be used to monitor multiple sessions within a day, revealing intricate details about market dynamics.
  • Application in Trading Strategies

  • Effective for swing traders and scalpers looking to exploit short-term price movements while maintaining a clear view of broader market structures.
  • Commonly combined with other technical analysis tools such as supply and demand zone strategies for a more comprehensive trading approach.
  • Allows for clearer rules around entry and exit points, making it easier to manage trades in volatile market conditions.
  • 🤑

    The VPVR Insight MT5—an indicator that promises to give you the ultimate edge in Forex trading. Just slap it on your charts and watch the money roll in, or so they say! With a rating of 0 and a hefty price tag of $110, you might wonder what exactly you’re getting yourself int ...

    Release Date: 26/10/2024

    Welcome to the world of forex trading, where every tick is a potential profit—or heartbreak! Today, we delve into the VPVR Insight MT4, an indicator that promises to paint a clearer picture of market dynamics. But does it deliver, or is it just a pretty face? Let's dissect this ...

    Release Date: 26/10/2024

    Well, let’s dive into the glamorous yet wildly unpredictable world of trading with the Profile Map MT5 indicator. With a hefty price tag of $39 and a stellar rating of 5, you might think you’re about to find the Holy Grail of trading systems. But let's not hold our breath! Ma ...

    Release Date: 16/05/2018

    Ah, the POC level MT5 indicator—the magical window into the minds of big players, or so its developer claims! For just $55, you can automate your way to precision trading with the authority of a seasoned Forex guru. But as the saying goes, "if it sounds too good to be true, it ...

    Release Date: 05/11/2020

    Ah, the world of Forex trading - where dreams of riches dance tantalizingly out of reach! Today, we dig into the Ace Supply Demand Zone Indicator, designed for those who wish to conquer the market with non-repainting magic. Will you be drawn to its glowing promises? Or will it le ...

    Release Date: 03/07/2019

    Are you ready to dive into the murky waters of trading with the Volume by Price MT5 indicator? This isn't just another fishing expedition—it's a sophisticated tool that promises to help you uncover the hidden depths of market sentiment! With a shiny price tag slashed from $259 ...

    Release Date: 07/02/2019

    A deep dive into the UPD1 Profile Levels reveals that you might not know whether to love or loathe this tool. On one hand, it boasts a rating of 5, seemingly a golden ticket in the crowded bazaar of trading indicators. Yet, for $45, could it really unlock the gates of successful ...

    Release Date: 22/09/2020

    So you thought you could just waltz into trading and make a killing? Enter Profile Map, the magical indicator that promises to unveil the secrets of the market players. With a price tag of $39 and a shiny 5-star rating, you might think this is your ticket to trading success. But, ...

    Release Date: 07/06/2018

    Welcome to a world where volume takes the front seat, and price just tags along. If you've ever wondered why your trading seems to be more hit than miss, let me introduce you to the 'Volume by Price MT4' indicator. It’s not just an average Joe among indicators; it struts in equ ...

    Release Date: 07/02/2019

    Are you ready to dive deep into the PZ Market Profile – the indicator that's stirring up conversations among traders? In this article, we'll scrutinize its features, user feedback, and effectiveness. Is it a game-changer or just another tool in the crowded trading toolbox? Join ...

    Release Date: 01/03/2016

    So, here's a trading indicator that promises to make market profiles your new best friend. You draw a rectangle, and voilà! Instant market visibility. But don’t let the shiny exterior fool you. Could this be another case of style over substance? Let's dig a bit deeper— becau ...

    Release Date: 27/01/2016

    So, you've heard about the 'Forex Market Profile and Vwap' trading system, and you're wondering if it’s the holy grail or just another industry myth. Buckle up! We're about to dissect this method, but don’t expect rainbows and butterflies. Instead, prepare for a journey throu ...

    Release Date: 18/06/2021

    In the ever-volatile world of Forex trading, UPD1 Profile Levels aims to dazzle traders with its colorful histogram, automatically drawn to detect key volume levels. Is it breaking new ground, or just recycling tired concepts? As we dive into the depths of this indicator, prepare ...

    Release Date: 13/12/2022