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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GBP/USD prior to UK PM's big speech on BREXIT

Candle Profile showing buying/selling ahead of UK Prime Minister Theresa May's long awaited speech on BREXIT.

This view of the Candle Profile indicator uses the "real volume" (buying/selling volume) from FXCM to generate the profile (green = buying, red = selling, yellow = delta). You can see the selling in these last few candles, but price still went up. This is the big boys pushing the price higher to close the gap.

I expect it to go both directions during the news event (Theresa May will be speaking at 11.45am UK time).

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USD/JPY Candle Profile showing buying/selling during "news event"

Lot's of movement today on the USD/JPY before, during and after President-elect Trump's news conference.

Some great buying & selling showing up on the Candle Profile.

The Candle Profile really works well for this type of scenario. More information on the Candle Profile here.

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Candle Profile (Release 11) : Support for FXCM's "Real Volume"

I have uploaded a new version of the Candle Profile indicator. This supports FXCM's "Real Volume" indicators (actually it uses the "Directional real volume" indicator).

The FXCM�s �Directional Real Volume� indicator can provide real volume (buy, sell and total) direct from FXCM�s order books. However, there are a few things to note:

• The �Directional Real Volume� indicator has to be installed separately. The indicator can be obtained from �FXCM Apps� site (https://www.fxcmapps.com/apps/directional-real-volume/)
• The real volume data is only available for certain high liquidity instruments (currently: EUR/USD, USD/JPY, GBP/USD, EUR/JPY, AUD/USD, GBP/JPY, USD/CAD, AUD/JPY, USD/CHF, EUR/CHF, NZD/USD, EUR/AUD, EUR/GBP and EUR/CAD).
• Historic data before 2010 does not appear to be available.
• The real volume data is loaded separately from FXCM�s servers. This takes an additional amount of time, resulting in a delay before the indicator is drawn. This could be a several seconds or even minutes depending on the size of the chart

The Candle Profile can use this data, where available, to construct the profile. If "real volume" data is not available, then the Candle Profile can use tick volume or "TPO". (TPO is "Time Price Opportunity", which is a Market Profile term, basically it means that price traded at that location).

More information on the Candle Profile can be found here.

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