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Indicators for МТ4-MT5 / Indicator PremiumProfile

 

 

Indicator PremiumProfile


Full Name: ClusterDelta_PremiumProfile_{версия}


The PremiumProfile indicator allows you to calculate different profiles of volume accumulation. In the middle of the 20th century the MarketProfile technology was used where a 30-minute candle was used to calculated the profile. Modern technologies provide us with an access to volumes in ticks thereafter we get the most accurate the profile calculating.

The volume profile shows the distribution of volumes at prices for a certain period of time. This is an important information as the accumulation of volumes often becomes lines of support and resistance. In the "classical" theory of volumes trading it is agreed to use the volumes of the day (current and previous), the week (current and previous), and the volume profile for the whole contract.

When calculating the profile with the market profile theory the prices are calculated for the Value Area, the area where 80% of the traded volume is located. During the profile calculation we use modern knowledge of probability theory and statistics as well as the first standard deviation (62.8%).

The Profile indicator in the Premium package uses additional libraries, which allows you to download data in the background mode. In addition the profile indicator in the premium package has been modified for usage basing on historical data


Description of the indicator parameters:

  • HELP_URL (the default value help "http://my.clusterdelta.com/profile") is a text comment with a link where you can find a description of the indicator settings. It has no effect on the indicator.
  • Profile_Type (the default value of "VolumeProfile") - determines the data source for the profile calculation.
    Possible Values Profile_Type:
    • AskBidProfile - the data source for the profile will be volumes for the ASK price and volumes for the BID price calculated as separate profiles and tugged in different directions (optionally).
    • DeltaProfile - the data source for the profile will be delta - the difference in volumes at the ASK price and volumes at the BID price. The delta profile is constructed in the form of profiles with positive and negative delta tugged in different directions (optionally).
    • VolumeProfile - the data source for the profile will be the volumes
  • Instrument (the default value is "AUTO") - as many dealing centers (DCs) within the same instruments can use different tickers names this parameter allows you to specify the name of the ticker from which the data will be imported. If the value is "AUTO" the server tries to identify the required ticker analyzing the name of the instrument from the DC.
  • MetaTrader_GMT (the default value is "AUTO") - as each DC individually sets the data server to display data correctly in the indicator you should specify the time zone of the DC server. Unfortunately, there are no built-in methods for this parameter determining, so in the AUTO mode the server compares the time of the last quotation of the client. .
  • Update_Time - the indicator updating time in seconds.
  • Profile_Period (the default value is "Daily") - determines the time diapason for the profile calculation
    Possible Values Profile_Period:
    • Custom_Period is a users mode, the profile will be calculated for the period indicated in the parameters Custom_Start_time , Custom_End_time
    • per_Hour - profiles will be calculated per every hour.
    • Daily - profiles will be structured per the day. The start of bidding after the technological trading break in the stock market for clarity should be considered as the start of a new 24 hours (01:00 - 24:00 GMT + 2)
    • Globex - profiles will be calculated for the Globex session without the last hour. The start of bidding after the technological trading break in the stock market for clarity should be considered as the session start. (01:00 - 23:00 GMT + 2)
    • Weekly - profiles will be calculated per week from bidding start on Monday until the sales closing on Friday
    • per_Asia - profiles will be calculated according to the Asian session (00:00 - 09:00 GMT + 2)
    • per_Europe - profiles will be calculated according to the European session (09:00 - 15:00 GMT + 2)
    • per_NYSE - profiles will be calculated according to the US session (15:00 - 24:00 GMT + 2)
    • per_CME - profiles will be calculated according to the American session of the Chicago Stock Exchange (16:30 - 23:30 GMT + 2)
    • per_Contract - the profile will be calculated according to the all available traded contracts
  • Amount_of_Profiles (the default is "1") - the ammount of periodic profiles to calculate. The period is selected by the Profile_Period parameter
  • Profile_Position (the default value of "Draw_OnChart") - specifies the position in the chart to display the profile.
    Possible Values Profile_Position:
    • Draw_OnChart - profiles will be calculated directly on the price chart of the instrument.
    • WindowLeft - profiles will be calculated in the left part of the window (this option supposes only 1 chart plotting)
    • WindowRight - profiles will be calculated on the right side of the window (this option supposes only 1 chart plotting
  • Forex_auto_shift (the default value is "true") – if it is set to “true” the indicator automatically determines the shift between the futures and forex.
  • Forex_Shift - the number of points to which the chart will be shifted up or down if the parameter Forex_auto_shift is set to "false". The variable can be higher than zero as well as less. It is created to take into consideration the forward points (the difference between the futures and spot price).
  • LineColor_Width (the default value is "1") - the width of the lines when drawing.
  • Comment_AskBidProfile (the default value is "--- Ask / Bid Profile settings") is a text comment, the indicator does not affect the operation of the indicator
  • AskColor_AskBidProfile (the default value of "DodgerBlue") is the color for lines drawing of AskBidProfile type volumes profile executed by ASK price
  • BidColor_AskBidProfile (the default value of "OrangeRed") is the color for lines drawing of AskBidProfile type volumes profile executed at the price of BID
  • Comment_DeltaProfile (the default value is "--- Delta Profile settings") is a text comment, it has no effect on the indicator
  • DeltaPositive_AskBidProfile (the default value of "DodgerBlue") is the color for lines drawing of the positive delta of DeltaProfile profile
  • DeltaNegative_AskBidProfile (the default value is "Salmon") - the color for lines drawing of the negative delta of DeltaProfile profile type
  • DeltaPositive_Direction (the default value of "Right") is the direction for lines drawing of the positive delta of DeltaProfiles profile type (available values: Left and Right)
  • DeltaNegative_Direction (the default value of "Left") is the direction for drawing lines of the negative delta of DeltaProfile profile type (available values: Left and Right)
  • Comment_VolumeProfile (the default value is "--- Volume Profile settings") is a text comment, it has no effect on the indicator
  • VolumeLine_VolumeProfile_Color (the default value is "Gray") is the color for drawing volume lines of VolumeProfile profile type which are not in the Value Area (68.2% of volumes)
  • VolumeLine_VolumeArea_Color (the default value of "Silver") is the color for drawing volume lines of VolumeProfile profile type which are in the Value Area (68.2% of the volume)
  • VolumeLine_Max_Volume (the default value is "Red") - the color for lines drawing with the maximum volume values
  • Max_Volume_k (the default value is "0.85") is a coefficient that determines that the maximum volume values are all values that are higher than greatest volume multiplied to this coefficient (The value 0.85 means that all volumes higher than 85% of the maximum volume value will be marked with the color VolumeLine_Max_Volume)
  • Print_Max_Volume (the default value is "false") - determines whether to display (true) or not (false) the numerical value of the maximum volume on the chart
  • Correlate_Volume_To (default value is "0") - By default (with the value "0") each profile is scaled within the specified scale and only based on its own values. If the necessity for all profiles in the series to be equally scaled arises, then ther is a need to set the value of Correlate_Volume_To to approximately the maximum value of the volume. In this case all profiles in the series will be scaled according to this value.
  • Reverse Settings (the default value "--------- Reverse for USD / XXX symbols ---------") is a text comment, it has no effect on the indicator
  • ReverseChart (the default value is "false") for reverse packages (exception USD / JPY, USD / CAD, USD / CHF), set the "true" value for these indicators to "reverse "and correspond the chart.
  • DO_NOT_SET_ReverseChart (the default value of "... for USD / JPY, USD / CAD, USD / CHF -") this is a text comment, it does not effect the indicator in any way, the comment itself gives a hint that you do not need to set the ReverseChart parameter for USD / JPY, USD / CAD, USD / CHF, because the indicator will recognize and reverse these indicators if necessary.
  • Custom_Period_Settings (the default value is "Settings for Custom Period") - is a text comment, it has no effect on the indicator
  • Get_Custom_Period_from_Chart (the default value is "true") - with the Profile_Period = Custom_Period parameter, the data for the Custom_Start_Time and Custom_End_Time variables will be received directly from vertical lines on the chart (and available for free change by the user). Lines appear immediately after the Custom_Period mode setting.
  • Custom_Start_time (the default is "2017.01.01 00:00") - if Custom_Start_Time and Custom_End_Time are different from the value "2017.01.01 00:00" and Get_Custom_Period_from_Chart = "false" - the server will load the history period defined by these parameters.
  • Custom_End_time (the default value is "2017.01.01 00:00") - see Custom_Start_Time
  • Lines_are_Background (the default value is "true") - when drawing lines MQL sets the "draw as background" parameter.
  • Lines_are_Active (the default value is "false") - enables (true) or disables (false, recommended) the ability to select lines with the PC mouse device.
  • Comment_On_TimeFrame (the default value of "0-All, 1-M1, 2-M5, 4-M15, 8-M30,") is a text comment, it has no effect on the indicator
  • Comment_On_TimeFrame _ (the default value of "16-H1, 32-H4, 64-D1) - can be mixed") is a text comment, it has no effect on the indicator
  • Only_On_TimeFrame (the default value is "0") - used to display profiles on certain timeframes. As objects are plotted directly on the chart the tab "display" and the data in it are ignored. In order to apply the profile to certain timeframes it is necessary to add the numbers of these timeframes (the numbers are mentioned in comments above). For all timeframes, leave "0", to display only on the M5 timeframe, put "2", for example, for timeframes only M30 and H1 it is necessary to add 8 and 16 and insert the sum 24 into the value Only_On_TimeFrame.
  • Expert_User_Settings (the default value "--------- Settings for expert users ---------" is a text comment, it has no effect on the indicator
  • history_back_profiles (the default is "0") – determines the day in the history as of which to start the profiles displaying. The default value is the current day. The Profiles are always measured in the depth of history by the amount specified in the Amount_Of_Profiles.
  • ZOOM_scale_in_percent (the default value is "60") - the zoom scale is in percent of 100, on where the profile can be placed. The whole time period of structuring should be taken for 100% .
  • Information_Buttons (the default value is "true") - shows (true) or does not show (false) the visual control panel
  • Information_Corner (the default value is "0") - the parameter specifies the corner where the visual control panel should be placed (0 on the top left, 1 on the top right, 2 on the bottom right, 3 on the bottom left )
  • Show_Sum_Values (the default value is "false") - the parameter indicates the need to display the total number of volumes based on which the profile was calculated (displayed below the profile)

The information visual control panel allows you to manage some parameters from the chart directly:

The first address line changes Profile_Type . The [-] icon minimizes the panel.

The second and third address lines refer to the Profile_Period parametr.

The fourth adress line indicates the profile location as in the parameter Profile_Position

The fifth address line sets the number of profiles drawn on the chart - the Amount_of_Profiles parameter

Below are the variants of different volume / delta / askbid profiles:

Volume profile (on the chart) and ASK / BID profile (on the right)

Day profiles (in the chart) against the background of the week profile (on the right)

Time volume profiles

The same time volume profiles are scaled by the Corellate_Volume_To parameter

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