Tuesday 28 March 2017

Updated Candle Profile and Composite Profile

Just uploaded updates to these 2 indicators. This is a cosmetic update, which has improved the graphics for the "Real buy/sell volume" mode.

The "Real buy/sell volume" mode, uses FXCM's "Directional Real Volume" indicator to create volume profile of buy and sell volumes, and it also computes the "delta" (as buy volume - sell volume).

The "Directional Real Volume" indicator is available from FXCM Apps. Unfortunately, FXCM only provide this "real volume" data for high liquidity major forex pairs.

Note: Candle Profile and Composite Profile work for any instrument, but in the absence of "real volume" data, only tick volume or TPO can be profiled.

Candle Profile shows the volume distribution on each candle, e.g. for each D1 candles...


Composite Profile shows the volume distribution over longer periods, e.g. for last 20 days...


More information can be found here and here.

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