Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels.
Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader.
A Market Profile combines price and time information in the form of a distribution.
A Market Profile is not a technical indicator but an image that shows where the most traded price is and what the volumes are at each price level. It determines when the market will move from equilibrium to imbalance.
The Scripts Changer is an interesting MT4 tool. If you want to change the desired script quickly, directly from the open chart.
You need to click on the desired stock and the chart will load directly on same chart.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
MM Multi Options
Inspired by the Gann theory
MM Multi Options is a complex set of support and resistance levels that act more or less the same as pivot points but also they provide some insights on whether the current trend should continue or it should reverse
Inspired by the Gann theory and he created a system of geometry that can be used to describe market price movements in time.
Candlestick Patterns indicator recognizes 15 different Candle Patterns and opens an alert, push-notification to your phone as soon as a candle pattern forms.
- Bullish/Bearish Engulfing
- Three White Solders / Three Black Crows
- Shooting Star / Hammer
- Hanging Man / Inverted Hammer
- Piercing Line / Dark Cloud Cover
- Three Outside Up / Down
- Three Inside Up / Down
- Bullish Harami / Bearish Harami
- Morning Star / Evening Star
- White Marubozu / Black Marubozu
- Rising Three / Falling Three
- Doji / Dragonfly Doji / Gravestone Doji
- Tweezer Bottom / Tweezer Top
- Inside Bar / Outside Bar
Volume weighted average price (VWAP)
Volume weighted average price (VWAP) is a type of weighted average that includes volume in their calculations. It is plotted directly on a price chart.
It is exclusively a day trading indicator, is best for short-term traders who take trades usually lasting just minutes to hours. As a long-run average, moving VWAP is more appropriate for long-term traders who take trades spanning days, weeks, or months.
Price hovering below VWAP may indicate that a security is “cheap” or “of value” on an intraday basis. Contrarily, price above VWAP may indicate that security is “expensive” on an intraday basis.
3 Curves work in all timeframe.
Compatible with Equity, future, MCX
3 Curves work like Support and resistance level of Candles. It helps in taking the position according to every candle.
The MACD Divergence indicator is a technical analysis tool that plots divergence lines on the MACD indicator and will dish out buy/sell trading signals by displaying green/red arrows in that order.
For clarity, bullish divergence is represented in green lines while bearish divergence is plotted in red.
Classic divergence occurs when the lines are solid, while reversed divergence takes place when the lines are dotted. The trading algorithm takes advantage of the MACD blue line’s cross above the zero line to trigger a buy, and a sell trigger when the MACD blue line crosses below the zero line.