Dear all talented coders/traders,

This volume profile indicator is great but only for retail traders method of using the volume profile because it does not have the key feature (DPOC) which allow traders to trade institutionally on a retail platform like MT5. The MOST important feature of the MP or VP is obviously the POC or the rolling 50 but like most Metatraders indicator, they do not have the DPOC, the developing POC (staircase lines) which is the one that Tradingview VP is able to show where the institutions are building value above or below the current price. If we can use vwap with standard deviation bands with the previous day POC, vwap line and the current day DPOC, traders can then make very high probability trading decisions on whether this is a double distribution phase or a market makers auction phase.

The DPOC, a feature where the Tradingview one offers allow traders to see where value is building up or down in order to have a narrative where the current price is heading in the future.

Please find the attached and unrar or unzip "VP Master" and put ONLY the "VP folder" into your MT5 "indicators" folder. The MQL5 source file is inside the VP folder for coders to edit.

Look at screenshot 1 (attached), the Green Line is the DPOC while the 2 pink lines are the previous day VWAP line and POC. The commercials always buy below vwap or sell above vwap. Vwap line and developing POC is important IF you are fading a bottom or top edge together with big commercial bank traders in the any market. It would be a fantastic idea to add DPOC to this MT5 indicator if any coders are able to code it.

Regards,
CS