Nowadays, every new beginner trader wants to earn a profit daily in short term and long term trade as well as long term trade. But nowadays, everyone needs to keep in mind that this is not easy because everything is becoming more difficult day by day. But, if they use tools and indicators for perfection and profit in their trade then it becomes easy for them to get profit and to be a success in their trade. Today I am telling you about an indicator which the traders can use for perfection and get profit in their trade.
MARKET PROFILE MT4:-
Today I am telling you about MARKET PROFILE INDICATOR MT4.
Market Profile Indicator Mt4 a unique indicator that indicates price density over time. This indicator tells the traders about price levels, value area, and values of trading sessions. The main thing of this indicator is that this indicator is available for both Meta trader 4 and Meta Trader 5. It is an indicator that uses precise data and adds it to the histogram figure on the graph. This indicator also tells us that whether the price is heavily trader or not and where the price is highly traded. It also tells about important price action zones.
Market Profile Indicator Mt4 also has time frames and shows market profiles on a daily, weekly, monthly, and yearly basis. In this indicator low timeframes give more accuracy in a graph and high time frames give better visibility. Long contours indicate that the price is constant for a long time. It happens only when the market is in equilibrium with time at one price. A short profile appears on the graph whenever a new level starts.
It has a color scheme for profile’s block: – BLUE to RED, RED to GREEN, GREEN to BLUE, and YELLOW to CYAN, MAGENTA to YELLOW, and CYAN to MAGENTA.
In the indicator chart, there are two types of arrows. One of them is Red and the other one is Green. The red arrow indicates that price is moving downward (Low price in Market) and the green arrow indicates that price is moving upward (high price in the market). There is a specific pip in the graph. If the candles of the graph go down to this specific pip then the price is going down and if the candles are above the pip then the price is moving upward. The Blue line in the graph shows the rate.
USES of Market Profile Indicator Mt4: –
Market Profile Indicator Mt4 has many uses in trading categories. It gives accurate and precise information to its users. This indicator gives a high price profile to its indicator. It gives information about price density and volume. This indicator is also used for the price action zone.
Market Profile Indicator Mt4 also tells tat whether the market is in equilibrium or not. It also tells whether the rate is the same. It also tells you that you are entering a new level. If you use this indicator for your trade you can get every profit that you want in your trade.
Uses of Market Profile Indicator Mt4:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: Market Profile Indicator Mt4
Recommended broker: All trusted brokers
Remember, Before use Market Profile Indicator Mt4 you can test on Demo account. When you will expert then you will use in Real account of trading.