Range Volume Profile

Range Volume Profile

The indicator Range Volume Profile shows the distribution of transactions on the price scale in a given time range. This tool simplifies the analysis of the market situation and helps to find the price levels where a large player is sitting.

  Features:

• shows the distribution of tick volumes relative to the price.
• shows the distribution of real volumes relative to the price. If your broker provides them.
• you can select the part of the chart that you want to explore.
• for certain settings, the indicator shows only the levels where the most transactions are made. Accordingly, such levels are of interest to large market players.

 Recommendations for use:

   - the indicator can be used on any trading instrument.
   - it works well on timeframes from M15 to D1.

 

If you have any questions, please feel free to contact me.
Good luck and good trading.