The "Volume Profile" Indicator is a powerful tool for traders, offering a comprehensive analysis of volume distribution over a specified number of bars. This indicator helps identify key levels of support and resistance, based on volume accumulation, and provides insights into market sentiment.
Features:
• Detailed Volume Analysis: Breaks down volume into up and down movements, total volume, and volume delta, providing a clear view of market activity.
• Customizable Settings: Adjust the number of bars, row size, and value area percentage to tailor the indicator to your trading style.
• Visual Clarity: Display volume profiles on either side of the chart, with color-coded bars for easy interpretation.
• Point of Control (POC) Lines: Highlight the highest volume price levels, with options to show total, bullish, and bearish POC lines.
• Volume Value Labels: Optionally display volume values in real terms or percentages directly on the chart.
Flexibility:
• Placement Options: Position the volume profile on the left or right side of the chart for better visual alignment with your analysis.
• Color Customization: Set distinct colors for different volume types, background, and POC lines to match your charting preferences.
• Label Styles: Choose from different label styles and display modes to best fit your needs.
Enjoy the game!