The Market Profile Multi Sessions is an indicator that can be found on the MQL5 website and marketplace, we have provided a link just in case there is another similarly names indicator so you know exactly which one we are referring to. The original indicator was released on the 16th of April 2015, it has been updated a number of times and was last updated on the 25th of December 2017 and is now at version 1.53.
The Market Profile Multi Sessions is an indicator that can be used with the MetaTrader 4 trading platform. The indicator is designed to give a graphic representation that will show you the price and time information of distribution.
The indicator can:
-Determine the amount of time, number of ticks and volume traded at specific price levels or price ranges during a period
Identify prices perceived as fair by the market.
-Identify support and resistance levels to anticipate future price movements.
The indicator will show you the price ranges where trades were made and the most traded trade ranges.
Some of the main other features of this indicator:
-It can have up to 4 sessions each day. You can choose whether to display 1, 2, 3, or 4 sessions by enabling or disabling the session number from indicator parameters.
-View the market generated data at glance, such as IBR (the Initial Balance Range), VA (Value Area), POC (Point of Controls), Single Print, Half Back (Mid Line).
-Mark price range levels by clicking the additional price scale level created by the indicator.
-View Splitted Profile (Segmented Profile).
There is a large number of parameters available, these include things like grid multiplier. Tick volumes, font sizes, row sizes in pips, and more.
The indicator can be purchased for $38, it can also be rented, you can rent the indicator for 1 month which will cost you $13 per month, you can also rent it for a 3 month period which will cost $20. There is also a free version available, but we do not know what the limitation of this free version is.
There are 9 reviews available, the overall rating of these reviews is 4.5 out of 5 stars which is an impressive score, the majority of the reviews are 5-star with a single 3-star review and one 4-star review.
“It is nice, but it needs the “merge profiles” function, like in TPO Chart2. You could add the tick volume profile to TPO Chart 2. We should be able to customize more options like the value area size, what If I wanted to use a 25% value area instead of 70%? We should be able to choose the value area to be highlighted based on TPO OR the volume profile. Should be able to show only TPO POC or Volume Profile POC. When those features are added I will give 5 stars.” – A 3-star review.
“This is really useful, all you need for trading with Profiles!” – A 5-star review.
“Thank you! It is really perfect work. I wish you much success my brother” – A 5-star review.
So the reviews ar every positive which shows that it does what it is meant to, you should always try out the demo version though, just to make sure it suits your needs and that you are able to get it working prior to splashing out any money.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/9008