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A volume profile indicator that breaks down buying and selling volume across price ranges, providing insights into market structure, points of control, and volume-based range analytics.
Explore complementary indicator rolesHow it works
The indicator analyzes volume distribution across different price ranges, classifying volume as buying or selling based on candle open and close prices. It creates a bell-curve histogram that displays the cumulative volume traded, separating buying and selling volumes into distinct visual representations.
By breaking down volume into buying and selling categories, the indicator identifies two Points of Control (POCs) - areas of high volume activity for both bullish and bearish scenarios. It also provides range analytics by volume, showing how different volume levels correlate with price movement direction and potential market bias.
Why it may be useful
Traders can gain deeper insights into market psychology by understanding where significant buying and selling volumes occur at different price levels. The indicator helps identify potential support and resistance zones, panic selling points, and trader positioning strategies by revealing volume concentration across price ranges.
The volume-based range analytics provide crucial information about how volume impacts price movement, which can vary significantly between different financial instruments. By showing the relationship between volume and price direction, traders can make more informed decisions about market trends and potential reversals.
When to explore it
This indicator is most effective when used on liquid markets with consistent trading volume, such as major stocks, ETFs, and index futures. It works best during periods of stable market conditions where volume patterns can reveal meaningful insights about trader sentiment and potential price movements.
Traders should pay special attention to the Points of Control and volume range analytics when analyzing potential entry and exit points, especially around key price levels where volume concentration suggests significant market interest. The indicator is particularly useful for identifying potential support and resistance zones and understanding the underlying market dynamics.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
