What is the Market Profile Virgin P Poc Indicator for MT4?

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Market Profile Virgin P Poc Indicator is used to identify the market profile of a commodity or forex. It measures the momentum and direction of price movement to determine whether it’s trending up, down, or sideways. The indicator compares the closing prices over a specified period (usually two days).

Download Free Market Profile Virgin P Poc Indicator

If there are more than 5% differences between consecutive closes during that timeframe, it is considered bullish; if there are fewer than 5% differences between successive finishes, it is considered bearish.

How to use the Market Profile Virgin P Poc Indicator for MT4?

To use the Market Profile Virgin Poc Indicator on your trading platform, create a new Project (or open an existing one). Then select the Inputs tab, and click on the Add Custom Input button.

You will then be able to add your Forex indicators: The Market Profile Virgin Poc indicator should be added as the last input. After adding it, you will see its properties listed under Outputs – this is where you decide what settings to use for this indicator.

For this example, we will choose Simple Mode (the default), which means that only two values will be displayed: The Open Price (OP) and Close Price (CP). You can also choose from several other modes if you want more data outputted. Click OK to save your changes, and you can start using your Market Profile Virgin Poc indicator!

Market Profile Virgin P Poc Indicator MT4 trading settings

Forex market profile Virgin P Poc Indicator MT4 trading settings:

– Identification of the pairs you want to trade.

– Selection of a timeframe (1, 5, 10, or 15 minutes).

– Calculation and display of MACD indicator.

– Displaying RSI and SMA indicators; setting stop loss order if necessary.

Market Profile Virgin P Poc Indicator Advantages

This reliable tool can help you make informed trading decisions and has many advantages over other indicators. Let’s take a closer look at some of those benefits:

-It is easy to use and interpret – Enter the number of days in advance for which you would like to see data, and the indicator will provide detailed information about trends in that particular currency pair.

-Provides accurate predictions – According to independent testing, this indicator consistently outperforms other popular forex market indicators.

-It is versatile – The Virgin Poc Indicator can be used with any Forex broker or platform.

Market Profile Virgin P Poc Indicator Disadvantages

The Virgin Poc Indicator is a popular forex market indicator that helps traders determine the market’s direction. However, there are some disadvantages to using this indicator. First, it can be challenging to interpret because its movements are often scattered and irregular. Second, it is not always reliable in predicting short-term trends or determining when an asset is overvalued or undervalued. Finally, it may also lead to false conclusions if misused or in conjunction with other indicators.

Indicator installation on MT4

To install the Market Profile Virgin POC indicator on MetaTrader 4 (MT4), follow these steps:

Download the indicator file from a trusted source. The file should have a .mq4 exteFilen.
Open the MT4 platform to File > Open Data Folder > MQFileIndicators.
Copy the downloaded .mq4 file and paste it into the IndFileors folder.
Restart the MT4 platform.
Go to the Navigator window and click on the “Indicators” tab.
Locate the Market Profile Virgin POC indicator and drag-and-drop it onto a chart.
In the Indicator Properties window, set the desired parameters and click OK.
The indicator should now be displayed on the chart.

Note: Ensure that the source from which you are downloading the indicator file is reliable to avoid any issues with the software or potential security risks.

Market Profile Virgin P Poc Indicator mt4 free download

Conclusion

The Virgin Poc Indicator is a popular forex market indicator that can help traders determine the market’s direction. However, there are some disadvantages to using this indicator, such as its scattered and irregular movements. Additionally, it may not always be reliable in predicting short-term trends or determining when an asset is overvalued or undervalued. Finally, users should take caution when installing this indicator on their MT4 platform, as it could lead to false conclusions if misused.