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From TradersList Editors

Gain granular insights by analyzing market dynamics with a detailed histogram of Bid and Ask prices on smaller timeframes.

Gain granular insights by analyzing market dynamics with a detailed histogram of Bid and Ask prices on smaller timeframes.

MetaTrader Indicator

MetaTrader Indicator

Histogram Bid and Ask Prices Indicator for MetaTrader: Statistical Distribution of Quote Data

Histogram Bid and Ask Prices Indicator for MetaTrader: Statistical Distribution of Quote Data

MetaTrader chart displaying the Histogram Bid and Ask prices indicator showing a cumulative histogram representing the statistical distribution of Bid and Ask prices.

by dc2008 on MetaTrader

MetaTrader chart displaying the Histogram Bid and Ask prices indicator showing a cumulative histogram representing the statistical distribution of Bid and Ask prices.

by dc2008 on MetaTrader

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Histogram Bid and Ask prices

Histogram Bid and Ask prices

Histogram Bid and Ask prices is an Indicator for MetaTrader that plots a cumulative bid and ask price distributions and performs statistical analysis on High, Low, Open and Close prices. Optimized for smaller timeframes.

Histogram Bid and Ask prices is an Indicator for MetaTrader that plots a cumulative bid and ask price distributions and performs statistical analysis on High, Low, Open and Close prices. Optimized for smaller timeframes.

Get on MetaTrader

This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

Get on MetaTrader

This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

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Popular Topic

Concepts and theories mentioned in listing are popular topics in web search

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Popular Topic

Concepts and theories mentioned in listing are popular topics in web search

Published by dc2008 on MetaTrader

Published by dc2008 on MetaTrader

What Bid and Ask Distributions Reveal

Bid and ask prices represent the two sides of every trade - what buyers will pay and what sellers will accept. Plotting their distributions as histograms reveals how frequently each price level was quoted, exposing where supply and demand concentrated throughout the session.

Cumulative Statistical Mapping

The indicator builds a cumulative histogram, meaning it adds each new tick to the running total rather than resetting. Over time, this produces a bell-curve-like shape centered around the most frequently traded price, helping traders spot the session's statistical "fair value."

What Bid and Ask Distributions Reveal

Bid and ask prices represent the two sides of every trade - what buyers will pay and what sellers will accept. Plotting their distributions as histograms reveals how frequently each price level was quoted, exposing where supply and demand concentrated throughout the session.

Cumulative Statistical Mapping

The indicator builds a cumulative histogram, meaning it adds each new tick to the running total rather than resetting. Over time, this produces a bell-curve-like shape centered around the most frequently traded price, helping traders spot the session's statistical "fair value."

OHLC Price Analysis

Beyond bid and ask, the indicator performs statistical analysis on High, Low, Open and Close prices. Comparing these distributions can highlight whether closing prices consistently lean toward the bid or ask side - a subtle signal of directional pressure within a session.

Optimized for Smaller Timeframes

Because tick-level data is most granular on lower timeframes, this indicator works best on 1-minute or 5-minute charts. On higher timeframes, the averaging effect reduces the histogram's resolution. For scalpers and intraday traders, that granularity is where the real edge lies.

OHLC Price Analysis

Beyond bid and ask, the indicator performs statistical analysis on High, Low, Open and Close prices. Comparing these distributions can highlight whether closing prices consistently lean toward the bid or ask side - a subtle signal of directional pressure within a session.

Optimized for Smaller Timeframes

Because tick-level data is most granular on lower timeframes, this indicator works best on 1-minute or 5-minute charts. On higher timeframes, the averaging effect reduces the histogram's resolution. For scalpers and intraday traders, that granularity is where the real edge lies.

Cumulative buys and sells

Cumulative buys and sells

This indicator plots cumulative bid and ask price distributions as histograms and performs statistical analysis on OHLC prices. Optimized for smaller timeframes, the visualization reveals where supply and demand concentrated throughout the session.

This indicator plots cumulative bid and ask price distributions as histograms and performs statistical analysis on OHLC prices. Optimized for smaller timeframes, the visualization reveals where supply and demand concentrated throughout the session.

Simplify Order Flow Reading

The cumulative histogram builds over time, producing a distribution centered around the most frequently traded price. Spot the session's statistical fair value at a glance.

Identify High-Interest Price Zones

Areas where bid and ask distributions cluster heavily indicate strong participant interest. These zones often act as support or resistance on future tests.

Define Intraday Price Targets

Statistical analysis on High, Low, Open and Close prices highlights whether closing prices lean toward bid or ask. Use this directional pressure reading to set targets.

Common Questions About Bid-Ask Distribution Analysis

Common Questions About Bid-Ask Distribution Analysis

Bid and ask histograms reveal where quoted prices concentrated throughout a session. These questions address what the distributions show, why smaller timeframes work best and how to interpret the statistical output.

Bid and ask histograms reveal where quoted prices concentrated throughout a session. These questions address what the distributions show, why smaller timeframes work best and how to interpret the statistical output.

What does the bid-ask histogram reveal that volume bars do not?

Bid and ask distributions show how frequently each price level was quoted, exposing where supply and demand concentrated. Over time this produces a bell-curve shape centered around the session's statistical fair value, not just total volume.

Why is this indicator optimized for smaller timeframes?

Tick-level data is most granular on lower timeframes like 1-minute or 5-minute charts. On higher timeframes, the averaging effect reduces the histogram's resolution. Scalpers and intraday traders benefit most from this granularity.

What does OHLC statistical analysis add to the bid-ask data?

Comparing OHLC distributions can highlight whether closing prices consistently lean toward the bid or ask side. This subtle signal exposes directional pressure within a session that may not be obvious from price bars alone.

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Web sentiment

Web sentiment

For the Histogram Bid and Ask prices tool, traders online feel positive about its speed, efficiency, and realism but have mixed sentiments about community trust and occasional technical issues.

For the Histogram Bid and Ask prices tool, traders online feel positive about its speed, efficiency, and realism but have mixed sentiments about community trust and occasional technical issues.

Source: Online Discussion

Source: Online Discussion

Source: Online Discussion

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TradersList Reviews (5)

TradersList Reviews (5)

TradersList Community has given this listing four stars, indicating a well trusted listing with great utility value. This listing is one of the better ones on TradersList.

TradersList Community has given this listing four stars, indicating a well trusted listing with great utility value. This listing is one of the better ones on TradersList.

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Source: TradersList Reviews

Source: TradersList Reviews

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