Volume Profile Pro

Volume Profile Pro is an advanced market analysis tool that displays trading activity distribution across price levels. It identifies key market structure levels including Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL) based on actual volume data.

ORIGINALITY & VALUE:
This indicator provides unique volume distribution analysis with intelligent timeframe detection, real-time profile development, and professional visualization. Unlike basic volume indicators, it calculates precise volume distribution across price levels and identifies high-volume nodes that act as dynamic support/resistance zones.

KEY FEATURES:

Smart Timeframe Detection - Automatically uses chart timeframe with manual override option

Value Area Calculation - Customizable percentage (68% recommended for standard deviation)

Real-time Profile Updates - Live developing profile during active trading sessions

Session Awareness - Adjusts for regular vs extended trading hours

Professional Visualization - Clean, customizable display with multiple placement options

Advanced Alert System - POC breach detection with multiple extension options

CORE COMPONENTS:

Point of Control (POC) - Price level with highest traded volume (market consensus price)

Value Area (VA) - Price range containing specified percentage of total volume

Value Area High (VAH) - Upper boundary of value area (Orange)

Value Area Low (VAL) - Lower boundary of value area (Bright Blue)

Volume Distribution - Visual histogram showing volume concentration at price levels

TRADING APPLICATIONS:

Dynamic Support/Resistance - POC and Value Area act as evolving S/R levels

Breakout Confirmation - Volume-backed breakouts from Value Area

Mean Reversion - Trading opportunities at Value Area boundaries

Market Structure - Understanding volume distribution and market acceptance

Risk Management - Using Value Area for strategic stop placement

SETUP INSTRUCTIONS:

Timeframe: Uses current chart timeframe by default (customizable in settings)

Value Area: Set to 68% for standard market profile or adjust based on volatility

Profile Placement: Choose Left for historical analysis or Right for current session

Alerts: Enable POC breach alerts for real-time trading signals

Visualization: Customize colors and widths to match your trading style

This indicator provides institutional-grade market structure analysis in an accessible format, helping traders identify high-probability trading zones based on actual volume data rather than just price action.