Forex Market Profile is a free mt4 (Metatrader 4) indicator that can be used for trade entries and exits, or it can act as a trend filter.
The indicator pops up in the main MT4 chart window in the form of an array of blue colored lines.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “market profile.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Forex Market Profile mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Forex Market Profile indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
Market Profile and Trend Predictor V1.0 Forex MT4 Strategy
The MT4 Market Profile and Trend Predictor V1.0 Forex Strategy combines professional market volume distribution analysis with a precise signal-based entry system.
This hybrid setup helps traders identify key price levels where institutional activity is concentrated and time their entries using clear visual arrows.
It works effectively on M15, H1, and H4 timeframes, offering a solid balance between accuracy and trading frequency.
The Forex Market Profile Indicator shows the price levels where the majority of trading volume has occurred.
These levels represent strong support and resistance areas where institutional traders typically make their moves.
The Trend Predictor V1.0 Indicator provides simple, non-repainting buy and sell arrows — blue for bullish entries and red for bearish ones — helping traders act decisively when the market confirms a directional move.
By combining these two tools, traders can identify high-probability trading opportunities: the Market Profile defines the “where,” and the Trend Predictor defines the “when.”
The strategy aims to enter trades near volume nodes and ride momentum away from them for optimal risk/reward potential.
Buy Entry Rules
- Wait until the price is trading near a Market Profile low-volume area or a visible support zone on the profile.
- Confirm that a blue upward arrow appears from the Trend Predictor V1.0 Indicator.
- Ensure the arrow forms above or close to a value area low (VAL) on the Market Profile.
- Enter a buy trade once the candle closes with the blue arrow confirmed.
- Place a stop loss a few pips below the nearest Market Profile support or below the recent swing low.
- Take profit near the value area high (VAH) or when a red arrow appears.
Sell Entry Rules
- Wait for the price to approach a Market Profile resistance or high-volume node area.
- Confirm that a red downward arrow appears from the Trend Predictor V1.0 Indicator.
- Ensure the arrow forms below or near the value area high (VAH).
- Enter a sell position at candle close with the red arrow confirmed.
- Set a stop loss a few pips above the Market Profile resistance or above the last swing high.
- Take profit around the value area low (VAL) or once a blue arrow appears.
Advantages
- Combines volume-based analysis with direct entry signals for clarity.
- Helps identify institutional activity zones before taking trades.
- Reduces guesswork by aligning market structure with signal timing.
- Suitable for both intraday and swing trading styles.
- Works across major currency pairs and gold.
Drawbacks
- Performance depends on correct Market Profile interpretation.
- False arrows can appear during low-volume sessions or consolidations.
- Requires patience to wait for alignment between profile levels and signal arrows.
- Not ideal for ultra-short scalping due to the volume data lag.
Case Study 1: EUR/USD M30
During the London session, the Market Profile showed a strong value area low around 1.0725.
Price approached this zone with declining volume.
A blue arrow from the Trend Predictor V1.0 appeared at 1.0730, confirming a bullish reversal.
A buy trade was placed with a stop loss at 1.0715 and a target at the value area high of 1.0780.
The move reached the target within four hours, resulting in +50 pips profit as volume expanded upward through the profile’s mid-zone.
Case Study 2: GBP/JPY H1
In the New York session, the Market Profile identified a resistance cluster near 192.40.
As the price tested this level, a red arrow appeared from the Trend Predictor V1.0 at 192.35.
A sell trade was taken with a stop loss above 192.60 and a target at 191.70, near the lower value area.
The price dropped sharply, hitting the target for a +65 pip gain before a blue arrow appeared, signaling the end of the move.
Strategy Tips
- Trade mainly during the London and New York sessions for better volume accuracy.
- Focus on areas near the value area high and low for reversals, and mid-value for continuations.
- Confirm Trend Predictor signals with candlestick patterns (pin bars or engulfing candles).
- Use trailing stops once the price moves beyond the Market Profile mid-zone.
- Avoid entering trades when arrows appear within tight consolidations or flat profiles.
- Combine with higher timeframe Market Profile data for directional bias.
The MT4 Market Profile and Trend Predictor V1.0 Forex Strategy provides a balanced trading approach, combining institutional volume zones with simple entry confirmations.
By waiting for alignment between profile levels and signal arrows, traders can enter trades with higher conviction, maximize momentum capture, and reduce exposure to random market noise.
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Download the “market profile.mq4” indicator for Metatrader 4
