INVITE-ONLY SCRIPT

Sonarlab - Volume Profile

Updated
This Volume Profile is a charting tool that traders use to show the traded volume amount over a given time period. The reason we build this volume profile indicator is to confirm S&D zones and show where the most volume is resting in a specific given time.

Settings
- Auto Placement: Option to have the Volume Profile automatically placed
- Manual Placement: Able to place and move the Volume Profile anywhere of your choosing
- Bull vs. Bear Candle Style
- Up/Down Candle Style
- Highlight Point of Control (PoC)

snapshot

Usage:

Focused on combining with SMC:

When trading SMC, normal volume profiles can be confusing and hard to trade - since it will catch the volume on the overall chart you're on. When trading SMC, we are interested in catching specific parts in a range which defines supply or demand.

What makes this volume profile different?

The Sonarlab Volume Profile is focused on combining with SMC, integrated with Smart Money Concepts (SMC) levels, such as the Swing High and Low levels. The Indicator will automatically find the most applicable position using our custom Swing Levels to provide users with maximum utility with zero effort. Where other volume profiles are more focused on overall volume, this volume profile is focused on volume in a specific range on automation using swing points in the market.

snapshot

As in this example, the high volume areas are matching with traditional supply and demand zones. The price level with the most volume is highlighted by the "point of control" (POC), displayed by the yellow line. We can consider price will react from those "high volume" areas and trade more easily through "low volume" areas.





Release Notes
- Added option to display the Volume Profile on the right side of price
- Added Value Area Lines
- Minor bug fixes and changes
Release Notes
- Minor Bug Fixes
smartmoneyconceptsSMCVolume IndicatorVolume Profilevolumeprofileindicator

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Sonarlab for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

Send us a PM or hit us up on Discord

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Warning: please read before requesting access.

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