The Volume Profile + Range V 6.0 Forex indicator for Metatrader 5 reveals how Forex volume corresponds to certain price levels on the activity chart.
The indicator gets displayed in the main chart screen as horizontally aligned volume bars.
Please combine this indicator with other technical analysis indicators or with price action methods.
The indicator contains the following inputs and parameters: range mode, range minutes, mode step, point scale, volume type, data source, bar style, colors, VWAP color, identifier.
Make yourself familiar with this technical indicator and test it first on a demo account.
It supports all time frames and Forex pairs.
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The following chart shows how the Volume Profile + Range V 6.0 Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Volume Profile + Range V 6.0 Forex Indicator?
The indicator does not create any buy or sell signals. Use with an existing trading strategy or system.
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Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the VP-Range-v6.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration