How to Use the Free Demo
Step 1. Go to MetaTrader Market product page.
• Via the terminal
Enter 'volumebyprice.com' in the search box on the top-right corner of the toolbar.
or
• Via web browser
MetaTrader 4: https://www.mql5.com/en/market/product/35577
MetaTrader 5: https://www.mql5.com/en/market/product/35579
Step 2.
Sign in to your MQL5.com account (if you do not have an account, sign up here ). Click the 'Download demo' button.
Step 3.
Open the 'Strategy Tester' window:
Select the 'Volume by Price MT4' or 'Volume by Price MT5' indicator.
Optionally adjust default configuration via the 'Inputs' tab. Click the 'Start' button. Free Demo limitations: Distribution with chart timeframe period price data. Range of 200 bars. Up to 5 segments. Drag & Drop, On-Chart Controls and Application Program Interfaces not supported.
References
"Testing Visualization - MetaTrader 5 Help" https://www.metatrader5.com/en/terminal/help/algotrading/visualization
"Setup - Tester - MetaTrader 4 Help" https://www.metatrader4.com/en/trading-platform/help/overview/strategy_tester/strategy_tester_setup
Market Profile displays the quantity and indices of time periods per price level. Units are named TPO's, short for Time Price Opportunity. Market Profile is a charting technique by J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), ca 1959-1985.
Volume Profile Histogram
Market Profile TPO Block StructureTick Volume is the quantity of data ticks, data used in analytics to represent activity based on data feed updates with classification by Price Action.
The second mode History Ticks + Real-time Ticks stores data tick-by-tick on disk which is persistant on redistribution, and never repaints.
Templates (.tpl extension) are to configure charts they contain chart property settings including configurations of all applications attached to it. Templates can be saved and loaded via the menu bar or context menu.
INI files (.ini extension) are to configure by indicator specific functions they contain global settings, and values of text input parameters to load by reference. INI files can be edited with a text file editor.
General disclosure: Materials, information, and presentations are for data visualization software feature informational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure: Trading currencies, equities, indices and commodities involves substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security nor life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
