Banzai wrote: Mon Apr 15, 2024 2:39 am Volume Profile

What Is Volume Profile Indicator?
Volume Profile indicator (also called Market Profile in some cases) is a handy tool for checking price action on a chart.

One of the first thing that traders mark up when analyzing a chart is support and resistance. Volume Profile can be used for doing that too.

Not only Volume Profile allows you to spot support and resistance levels, it also highlights prices where there was heavy price action in the past.

Knowing that some prices had important activity in the past can significantly help setting up trades, stop-losses, and take-profits for your future trades.

The indicator scans the defined number of previous bars and calculates the volume of activity at each price level.

The result is presented through a vertical histogram chart — the longer the histogram is, the more activity at that price level was.

You can set the indicator to display the volume profile up either to the current, most recent candle, or to some previous date.

For MT4, please go here:
post1295576220.html#p1295576220

Banzai wrote: Sun Apr 14, 2024 1:15 pm VP-Range-v6

The Volume Profile + Range v6.0 (VP-Range-v6) is a MetaTrader 5 indicator that shows how deals are distributed by price levels at a given time interval. It's displayed as a histogram, with the width of the histogram indicating the number of transactions on that level. The VP-Range-v6 indicator can display distributions for any selected period using various methods of setting the calculation boundaries. It also allows users to configure displayed data (histogram, modes, maximum), and launch several indicators on a single chart.

MQL5
indicator for MetaTrader 5 - Volume Profile + Range v6.0 - MQL5

Apr 1, 2020 — Volume Profile + Range v6. 0 (former TPO). Distribution of deals by price levels at a given time interval. Displayed as a histogram. The width of the histogram at the level means the number of transactions carried out on it. If a broker provides data on a real volume, the indicator is able to display distribution on it as well. Key features: VP: display distributions with a step equal to standard periods. VP-Range: display distributions for any selected period using various methods of setting the calculation boundaries. configuring displayed data (histogram, modes, maximum) ability to launch several indicators on a single chart.
The VP-Range-v6.0 indicator has the following key features:

VP: Displays distributions with a step equal to standard periods

VP-Range: Displays distributions for any selected period using various methods of setting the calculation boundaries
The volume profile tool, also known as horizontal volume, illustrates transaction volume at each price within a specific time range using a horizontal histogram chart. Longer bars indicate higher transaction volume at that price, while shorter bars represent lower transaction activity.
The volume profile indicator, or Volume-by-price, is a tool used in technical analysis to illustrate the distribution of trading volume across different price levels during a specified period.