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Market Profile 3 ForexArby com

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: 0%
7-Day Profit: 0%
Support: 24Ρ…7 via Telegram
Test it FreeπŸš€
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: 0%
7-Day Profit: 0%
Support: Developer
Try it FreeπŸ€

Understanding Market Profile 3

  • Market Profile 3 is a Forex trading indicator designed for MetaTrader platforms, specifically MetaTrader 4 and MetaTrader 5.
  • It provides a graphic representation of price and time information, enabling traders to visualize price distribution over different trading sessions.
  • The indicator showcases significant price levels, the value area, and the point of control, helping traders identify key market areas.
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    Key Features

  • Supports various timeframes ranging from M1 to D1 for better trading insights.
  • Allows for daily, weekly, monthly, and intraday sessions to be analyzed.
  • Users can draw custom market profiles using free-draw rectangle features on any timeframe.
  • It includes alerts for price crossing significant levels like the Value Area high and low, which aids in timely trading decisions.
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    Customization Options

  • Six distinct color schemes enable traders to customize the appearance of the market profile for better visual comprehension.
  • Offers multiple histogram drawing modes: Simple, Pretty Normal, and Pretty Linked, allowing traders to choose their preferred visualization method.
  • Traders can set parameters such as session start and end times, as well as the number of trading sessions to be displayed.

    • Trading Strategy Enhancement

  • Market Profile 3 can be effectively combined with other trading strategies, particularly supply and demand trading.
  • Traders can use it as an additional decision-making tool to determine support and resistance levels based on real trading activity.
  • The indicator helps in recognizing price movements outside the value area, which are critical for identifying potential reversals.

    • User Experience and Performance

  • The indicator has received positive feedback, with a rating of 4.17 based on user reviews, indicating general satisfaction with its functionality.
  • Users appreciate its user-friendly interface and the clarity it brings to analyzing market behavior.
  • Market Profile 3's alert system has been highlighted as particularly useful, helping traders stay informed without constant monitoring.
    • πŸš€

    Summary of Input Parameters

  • Main session options: Daily, Weekly, Monthly, Intraday, and Rectangle sessions for custom profiling.
  • Sessions to count feature allows users to adjust how many previous trading sessions to be displayed.
  • Flexibility in starting profile calculation either from the current session or from a specific past date enhances analytical capabilities.
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