Here's a sort of Market profile indicator that is based on GomRecorder that can be used to plot volume profiles.
It replaces the ABCD of market profile with a rotating color based on color hues. At the beginning of the RTH the color is at Start Hue, and it ends after RTH length at End Hue.
This "Fancy Color" can be disabled ; the AH volume is shown in black.
Most settings should be auto documented, but there are some hotkeys so I think you will have a global view of what can be done if you play with Space Bar( toggle AH on/off), / (toggle daily/single bar), * (toggle all data/only last Bar or Day), and + and - to change bars length.
The granularity of the color settings is set to 15 min, meaning the color changes every 15 min, but you can set it to 1 if you want more colors or to 60 if you would like 1 color every hour.
It should work OK with 6.5 and 7, but you need GomPackage installed.
Edit : I forgot to mention that as you go back and forth in time, the profiles are updated so that they always only contain the volume that is older than the last bar plotted. That way you can see how the volume distribution evolved during the day by going bar by bar.
hi gomi.......I am sure I will not be the only one thanking you for this excellent contribution........perhaps in my last post I forgot to explain my reasoning when I requested more control over what bars to include within the market profile.......in short, i find that it is not possible to consistently use a fixed time period to describe market structure......for example, on april/12 (attached image, distribution 1) market profile worked out great, 100% textbook example ......however, market profile derived for april/13 helped with april/14 run (attached image, distribution 2A) but as you can see we also had a distribution 2B which would be at play the same day....I have no idea what is april/14 distribution doing right now so I'll leave it alone.........the way I go about MP right now is I try to mark my charts with S/R lines (blue dash lines) and then draw distributions as I see them develop.....I also have finalg's TPO indicator and I split/merge profiles but I find that indicator less intuitive than volume histogram on the bar chart......I'll try to learn how to work with the settings within your MP indicator but if you or someone else finds an edge by using the MP over the range of bars and is willing to add this as an option to your indicator I'll greatly appreciate it.......
absolutely amazing..... your very fast. I haven't seen charting companies with a full staff be able to respond so fast. one last question, would it be possible to show the VAL high/low and POC on the histogram, since these are great inflection points in the market. Also, if you can choose the the color of the lines? If its possible, i'm dumping my old charting package. Your absolutely amazing with this stuff. I posted the link in another thread, you directed me here... here's the pic showing the value area high and low in dark grey, and POC in orange.
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Few questions please.
1. Using the GomMP on per bar with settings
Daily Mode set to "False"
Show All Bars "True
Neutral Color set to Black,
Color BAr Mode "Delta"
I get Black for total volume per bar and red but no green.
2. Loading the GomMP indicator twice on one chart,
one for Daily Bar Mode "False"(for per bar MP's)
and one "True" (for Daily MP's) doesn't give me the two different Profiles.
When changing the settings for one instance of the indicator
it changes the settings for the other when two are loaded on same chart,
and for any GomMP that are loaded on any other charts.