OPEN-SOURCE SCRIPT
Volume Profile + LVN
Volume Profile + Low Volume Nodes
A clean institutional-grade volume profile built for intraday traders. This indicator maps exactly where volume was traded across price levels during the session and automatically identifies the thin areas — the Low Volume Nodes — where price moves fast and institutions are likely to react.
What it does:
Volume Profile — displays a horizontal bar chart to the right of price showing how much volume traded at each price level. Green bars where buyers dominated, red bars where sellers dominated, yellow bar at the Point of Control — the single price level with the most volume traded.
Low Volume Nodes (LVN) — automatically detects the price zones where volume is significantly thinner than surrounding levels. These are the gaps in the market where price moved too fast for participants to trade much — creating imbalances that price tends to revisit and react to.
🟢 Green zones — LVN below current price = support. Price tends to bounce here or accelerate through on high volume.
🔴 Red zones — LVN above current price = resistance. Price tends to reject here or break through with momentum.
🟡 POC line — Point of Control extends left across the chart. The most important intraday reference level — price gravitates toward this level throughout the day.
How to use it:
When price approaches a green or red zone you have two scenarios — a bounce or a clean break.
Bounce — price touches the zone and closes back outside it. Look for a buy at green zones and a sell at red zones.
Break — price closes through the zone with volume. Trade the continuation in the direction of the break — buy above a broken red zone, sell below a broken green zone.
The thinner the zone the faster price will move through it. The POC acts as a magnet — if price is far from it expect it to get pulled back during the session.
Settings:
Profile Mode — Session resets each day for intraday use. Lookback uses a fixed bar count
Node Detection % — Controls how sensitive the LVN detection is. Higher finds more zones
Max LVN Nodes — Maximum number of zones shown — always displays the closest ones to current price
Zone Expand — Makes each zone slightly thicker to capture neighboring thin levels
Profile Offset — Controls the space between price and the profile
session mode - best for 1-5 minute timeframe
lookback mode - best for higher timeframe
A clean institutional-grade volume profile built for intraday traders. This indicator maps exactly where volume was traded across price levels during the session and automatically identifies the thin areas — the Low Volume Nodes — where price moves fast and institutions are likely to react.
What it does:
Volume Profile — displays a horizontal bar chart to the right of price showing how much volume traded at each price level. Green bars where buyers dominated, red bars where sellers dominated, yellow bar at the Point of Control — the single price level with the most volume traded.
Low Volume Nodes (LVN) — automatically detects the price zones where volume is significantly thinner than surrounding levels. These are the gaps in the market where price moved too fast for participants to trade much — creating imbalances that price tends to revisit and react to.
🟢 Green zones — LVN below current price = support. Price tends to bounce here or accelerate through on high volume.
🔴 Red zones — LVN above current price = resistance. Price tends to reject here or break through with momentum.
🟡 POC line — Point of Control extends left across the chart. The most important intraday reference level — price gravitates toward this level throughout the day.
How to use it:
When price approaches a green or red zone you have two scenarios — a bounce or a clean break.
Bounce — price touches the zone and closes back outside it. Look for a buy at green zones and a sell at red zones.
Break — price closes through the zone with volume. Trade the continuation in the direction of the break — buy above a broken red zone, sell below a broken green zone.
The thinner the zone the faster price will move through it. The POC acts as a magnet — if price is far from it expect it to get pulled back during the session.
Settings:
Profile Mode — Session resets each day for intraday use. Lookback uses a fixed bar count
Node Detection % — Controls how sensitive the LVN detection is. Higher finds more zones
Max LVN Nodes — Maximum number of zones shown — always displays the closest ones to current price
Zone Expand — Makes each zone slightly thicker to capture neighboring thin levels
Profile Offset — Controls the space between price and the profile
session mode - best for 1-5 minute timeframe
lookback mode - best for higher timeframe
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.