This script plots market profiles that show the amount of time price has remained at a particular level during past sessions, often referred to as "time price opportunity".
TV user @LonesomeTheBlue created the original Market Profile indicator on which this script is based. This version makes minor changes to the automatic timeframes, and to show historic market profiles and points of control.
The market profile drawing begins at the START of the relevant session being profiled and extends to the right. There is a checkbox in the options that will plot the market profile at the END of the relevant session, if desired.
If you want to view the market profiles for shorter or longer sessions, use the drop down menu to take the Higher Time Frame setting off "Auto", and instead select a specific time interval that is HIGHER than the timeframe your chart is showing.
The market profile and points of control can be used to identify areas likely to serve as potential support or resistance, as well areas where price is likely to retest when it is ranging.
I'm a day trader. Most of times I use S&R Breakouts. Can you please explain how can we use this indicator? and Thank you very much for your hard works!
lemonpie86
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Nice indicator! you think it would be posible to add/show the developing session values?
UnknownUnicorn26605503
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Thanks for this incredible indicator bro....
Can we get the values of next day at the end of the current session
ashishyoksh
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is this working for indian index and stocks.... nd its not working for 5 minutes time frame ...... plz tell how to do that
p3nchan
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Thank you sir for making this script! Can we have an naked POC on this indicator in future? It would be very helpful!
maroof81
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Thank you
holycarrots
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great work, any chance you could make it w0rk for current sessions?