Market Profile afl for Amibroker:-in this post, we will discuss about the latest version of market profile that is (market profile – v1.71 for amibroker (afl) What is a Market profile or volume profile indicator? It is a tool that visualize volume at every prices and it shows you the higher activity zone and lower activity zone. Market Profile has been a very powerful tool in analysing the value of price The value area high, point of control and value area low are very powerful areas of trading.
Amibroker AFL for Market Profile Chart In AmibrokerAmibroker users are including Amibroker afl for Market Profile chart in Amibroker at large. If you are still to include the amibroker afl for market profile in your arsenal then try it. Market Profile has been a very powerful tool in analysing the value of price The value area high, point of control and value area low are very powerful areas of trading. Amibroker has certain limitations in plotting the Market Profile chart as it should be exactly but still the coders of the amibroker afl for market profile have done a great job in maintaining its accuracy and one can view the correct levels of VAH, POC & VAL through this afl.
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| Market Profile Chart |
The creators of the AFL have done the settings as such that you could view the chart in the 5 minute and 15 minute time frame in the best possible manner. Sometimes the afl throws an error and you could not view the chart. In such a scenario it has been observed that if you zoom out the chart then the display of the chart resumes.
I posted the amibroker afl for market profile code in the post itself but now I am uploading to the storage drive so that readers can download the code directly and insert in their Amibroker Formula folder.
Update
Users with newer versions of Amibroker are facing error issues in the Market Profile AFL code posted earlier in this blog. There is another AFL which was coded for Amibroker version 5.80 & above. This code is slightly different in its graphics from the above image but it helps in overcoming the error in the code. So please download that version of Market Profile Code.
Market Profile AFL 1
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