Overlay-ChartOverlay-Chart Indicator
The Overlay-Chart Indicator is an advanced script designed for scalpers and day traders, providing comprehensive insights into daily, weekly, monthly, and previous period price levels. This indicator helps traders visualize critical price levels and make informed decisions based on historical and current data.
Key Features:
Drawing Future Lines with Labels:
The script uses the drawFutureLine function to plot future price levels with customizable labels. This helps traders anticipate and react to key price points.
Daily Levels:
Displays the open, low, high, close, and equilibrium (EQ) prices for the current day. This provides a quick reference for daily trading ranges and significant price points.
Weekly Levels:
Shows the open, low, high, close, and equilibrium prices for the current week, offering a broader view of market trends and key weekly price levels.
Monthly Levels:
Illustrates the open, low, high, close, and equilibrium prices for the current month, enabling traders to understand long-term trends and significant monthly price points.
Previous Day, Week, and Month Levels:
Historical data from previous periods (day, week, month) is displayed, allowing traders to compare past and present price levels to identify patterns and potential support/resistance levels.
Customizable Colors:
Traders can choose colors for daily, weekly, monthly, and previous day levels to enhance chart readability and personalization.
Flexible Display Options:
Users can select which price levels (Open, Low, High, Close, EQ) to display for each period (daily, weekly, monthly, previous day, week, month).
How It Works:
The script fetches historical and current price data using the request.security function. It then uses these data points to draw lines on the chart representing significant price levels. These lines are drawn into the future to help traders visualize where these levels will be in upcoming bars. Labels are added to these lines for easy identification.
How to Use:
Configure Inputs:
Enable or disable the display of daily, weekly, monthly, and previous period levels using the input options.
Customize colors for different levels to match your charting preferences.
Analyze Key Levels:
Observe the plotted lines and labels to understand critical price points for the current and past periods.
Use this information to identify potential entry and exit points, support and resistance levels, and overall market trends.
Future Planned Features:
The script includes several features that are currently commented out but planned for future updates:
Volume Weighted Average Price (VWAP):
Display VWAP for daily, weekly, and monthly periods to provide an average price based on volume.
Point of Control (POC):
Show the price level with the highest trading volume for daily, weekly, and monthly periods.
Value Area High (VAH) and Low (VAL):
Display the upper and lower boundaries of the value area where most trading activity occurs for daily, weekly, and monthly periods.
These enhancements will offer additional insights into volume distribution and market sentiment, further improving the utility of the Overlay-Chart Indicator for traders.
This script is specifically designed to cater to the needs of scalpers and day traders who require precise, visually intuitive data for their trading strategies. The planned features will further enhance its effectiveness, providing a comprehensive tool for market analysis.
Search in scripts for "point of control"
VP demo(Rolling period)Introduction
In the native VP (Volume Profile), the commonly referenced parameters are POC (Point of Control), VAH (Value Area High), and VAL (Value Area Low). However, since VAH and VAL are calculated by extending outward from the POC, their values heavily depend on the shape of the VP and the parameter settings of the value area ratio. This means their significance in identifying support and resistance in the market is limited. Based on VP, my algorithm is designed with two additional methods to identify low-volume points within a rolling time period, using them as reference points for support and resistance.
Current Algorithm Issues
When the candles update, you might notice overlapping support and resistance lines on the chart, or multiple lines appearing near the same location. This is due to TradingView's rendering issue, where old support and resistance lines that have been deleted in the code are not promptly removed from the chart. You only need to refer to the support and resistance lines that extend to the latest candle. If some lines remain at previous candles, it indicates that these points are outdated. As new candles continue to form, these lagging support and resistance lines will automatically disappear once the number of new candles reaches a certain threshold. Additionally, during significant market movements, you may see a large number of red lines. This is because the algorithm does not yet fully recognize abnormal market conditions. Future versions will gradually improve this aspect.
BST system LiteBST system is Entry Criteria based on the logic of price action which price always moves the way ' contraction-expansion-contraction', also known as 'stage1 & stage2' exchange. Stage1 means that price is squeezed back and forth before/after expansion. Stage2 means impulse or expansion to a certain direction. Both "late stage1" and "early stage2" are the best opportunity for entry. Oppositely both "early stage1" and "late stage2" are the best chance for Take profits.
Key Features:
1. Key Bar: that means price in stage2 which is expanding right now, we would better avoid enter market at the moment till price contracting.
2. Blue dashes/dots: The SL point also means price is in stage1 which is back and forth in a narrow range, price is squeezed/contracted before next expansion/mark up. This is the best chance to enter market.
3. Yellow dashes/dos: The recommended entry point, you can also use blue bashes/dots for instead. Because of slippage and spread in different assets, fine tuning parameters is better option. But the default value 1 is suit for most of assets.
How it works ：
What the Key Bar is: For any given candle, if its body crossover prior candle’s high meanwhile its high reaches the ATR of POC (point of control) of prior candle. That means this candle is more powerful and directional than normal bullish candle. vice versa.
The Bullish Key Bar updated strong new high, so we marked that new high with yellow dashes and meanwhile marked the ATR of POC with blue dashes/dots. From the perspective of “Buy for Sell”, sellers always protect high, buyers always protect low. That is why the new high created by bullish key bar turns into the protected high for sellers. The protected high represents the SL point for sellers and entry point for buyers. Vice versa the Bearish Key Bar.
As we know, market structure is fractal, based on the same rules, the Key Bars will be found in LTF, the protected high/low with ATR of POC which created by Key Bars in LTF are marked with blue dots.
This indicator is not only entry/SL tools. You can use the key bar to verify if the current trend is likely to continue running or not.
Of course, tons of acknowledgment behind charts. Indicator offers just additional view of market. Enjoy.
Money Flow Profile [LuxAlgo]The Money Flow Profile is a charting tool that measures the traded volume or the money flow at all price levels on the market over a specified time period and highlights the relationship between the price of a given asset and the willingness of traders to either buy or sell it, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range.
This tool combines a volume/money flow profile, a sentiment profile, and price levels, where the right side of the profile highlights the distribution of the traded activity/money flow at different price levels, the left side of the profile highlights the market sentiment at those price levels, and in the middle the price levels.
🔶 USAGE
A volume/money flow profile is an advanced charting tool that displays the traded volume/money flow at different price levels over a specific period. It helps traders visualize where the majority of trading activity/money flow has occurred.
A sentiment profile is a difference between buy and sell volume/money flow aiming to highlight the sentiment/dominance at specific price levels.
Each row of the profile presents figures on volume and money flow specific to price levels.
High volume/money flow nodes indicate areas of high activity and are likely to act as support or resistance in the future. They attract price and try to hold it there. Conversely, low-volume nodes are areas with low trading activity, that are less subject to get revisited by the price. The market often bounces right over these levels, not staying for long. The "Profile Heatmap" option of the script helps to better emphasize the trading activity within each areas.
By measuring the traded activity at each price level the script presents an ability to highlight the consolidation zones, in other words, highlights accumulation and distribution zones. When the price moves toward one end of the consolidation and volume pick up, it can foreshadow a potential breakout.
Level of Significance, Point of Control, Highest Sentiment Zone, and Profile Price levels are some of the other profile-related options available with the script.
🔶 SETTINGS
The script takes into account user-defined parameters and plots the profiles, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Profile Generic Settings
Lookback Length / Fixed Range: Sets the lookback length.
Profile Source: Sets the profile source, Volume, or Money Flow.
🔹 Profile Presentation Settings
Volume/Money Flow Profile: Toggles the visibility of the Volume/Money Flow Profile.
High Traded Nodes: Threshold and Color option for high traded nodes.
Average Traded Nodes: Color option for average traded nodes.
Low Traded Nodes: Threshold and Color option for low traded nodes.
🔹 Sentiment Profile Settings
Sentiment Profile: Toggles the visibility of the Sentiment Profile.
Sentiment Polarity Method: Sets the method used to calculate the up/down volume/money flow.
Bullish Nodes: Color option for Bullish Nodes.
Bearish Nodes: Color option for Bearish Nodes.
🔹 Profile Heatmap Settings
Profile Heatmap: Toggles the visibility of the profile heatmap.
Heatmap Source: Sets the source of the profile heatmap, Volume/Money Flow Profile, or Sentiment Profile.
Heatmap Transparency: Control the transparency of the profile heatmap.
🔹 Other Presentation Settings
Level of Significance: Toggles the visibility of the level of significance line/zone.
Consolidation Zones: Toggles the visibility of the consolidation zones.
Consolidation Threshold, Color: Sets the threshold value and zone color.
Highest Sentiment Zone: Toggles the visibility of the highest bullish or bearish sentiment zone.
Profile Price Levels, Color, Size: Toggles the visibility of the profile price levels, and sets the color and the size of the level labels.
Profile Range Background Fill: Toggles the visibility of the profiles range.
🔹 Other Settings
Number of Rows: Specify how many rows each profile histogram will have.
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length
Profile Text Size: Alters the size of the text. Setting to Auto will keep the text within the box limits.
Profile Horizontal Offset: Enables to move profile in the horizontal axis.
🔶 RELATED SCRIPTS
Liquidity-Sentiment-Profile
Swing-Volume-Profiles
For more and other conceptual scripts you are kindly invited to visit LuxAlgo-Scripts .
Period Value ZonesPeriod Value Zones is designed to help traders understand where current value is being found by splitting the day into 3 key periods based on common reversal times recognized for intraday trading.
By splitting the day into 3 periods, we can more efficiently determine where short-term value lies by using only the data we consider relevant during these periods of time.
> Overview
This indicator is recommended for low timeframe trading during the New York RTH Session.
By only trading within this session, we can ensure that volume and volatility remain fairly consistent.
Within each Period, you will find on the chart:
Value Area Points from Previous period (Value High(VAH)/Value Low(VAL)/Point of Control(POC))
Volume Weighted Average Price (VWAP) Cloud, based on High and Low values during the period.
Value Zone based Potential Reversal Zones.
Additional Displays:
Potential Reversal Detection Signals with Invalidation Levels
Forward Plotted Key Market times.
> Components
• Value Area Points
VAH/VAL/POC are important volume profile points which display where the market has previously held value.
We use these specific levels as support and resistance to confirm direction by monitoring interactions between price and these important levels.
The VAH and VAL lines change colors based on price's interaction with them to confirm whether that level should be regarded as support or resistance.
• VWAP Cloud
VWAP is a common metric used to determine the strength of a trend, and provides a point to look for re-bid & re-offer.
When price breaks out of our Fixed Value zone, VWAP helps us determine further direction.
Also included is VWAP deviation bands, for traders who would prefer to view the standard deviation away from this cloud as well.
• Value Reversal Zones
These Zones are calculated based on extensions of the Period Value Zone.
While in a balanced market, these zones have been shown to provide potential reversal opportunities.
• Potential Reversal Signals
These signals are based on an advanced method for confirming a higher-low or lower-high to reasonably create a signal that is not very laggy but also rooted in sound logic.
While helpful, These are NOT buy or sell signals, and you should always use further analysis to decide the next steps to take.
When a signal appears, an associated invalidation level is also displayed, if this level is crossed the associated signal is no longer considered relevant.
• Key Market Times
These are important times within the day that normally produce volatility caused by daily market catalysts.
Each key time is forward plotted 1 hour before it occurs to provide a clear heads up for potential opportunity.
Opening Fuel: Known for having an increase in Volume after the formation of the 15min Opening Range.
1st Reversal: Common Area for seeing initial large positioning effecting the market, often causing reversals.
Initial Balance Close: End of the first hour, a common positioning tool for futures traders.
2nd Reversal: Positioning is typically reactionary to IB Close, alongside Euro Traders Exiting Positions.
Euro Close: Close of Europe Session, a common positioning tool for futures traders.
Lunch: Usually Low Volume, traders are often out to lunch.
Lunch End: Volume tends to re-enter, as traders come back from lunch.
1st Reversal: New Hour, common area to see large position re-enter the market.
Bonds Close: Bonds markets close, Equities reacting to close of the bond market.
1st MOC: Initial Market on Close orders are places, market reaction is normally expected off of MOC positioning.
MOC Close: As MOC orders are reported, volatility is likely found within the market.
> Methodology
This indicator can be used with the same principles as trading balanced volume profiles.
Rule 1: Unless the price breaks and holds Value High or Value Low, we should expect buyers and sellers to maintain the current balance.
Rule 2: If we break and push away from the Period Value High, we should treat that level as supportive on retest unless we look back below and sellers defend on retest.
Rule 3: If we break and push away from the Period Value Low, we should treat that level as resistance on retest unless we look back above and buyers defend on retest.
Rule 4: If we recover Value Low, and it becomes supportive, we look for our Period POC and Period Value High as our targets above.
Rule 5: If we fail to hold Period Value High, and it becomes resistance, we look for our Period POC and Period Value Low as targets below.
Balance in the context of this indicator is considered as the area between Period Value High and Period Value Low
Acceptance outside of balance in the context of this indicator is considered as Period Value Low or High, becoming supportive or resistance.
> Examples
Theoretical Example:
In the bullish example below, price holds VWAP and makes POC supportive, showing interest from buyers pushing to Value High.
Real-World Example:
Below is an example of the same setup as the theoretical example, taking place on a real futures chart.
By utilizing these rules, we can look for opportunities at these levels and have a plan for how we should be interacting with them.
This will help us determine likely targets and risk-off levels that are based on volume and current "value" from participants.
Heiken Ashi Algo v6The Heiken Ashi Algo Oscillator v6, introduces a refined approach to technical analysis applicable across various markets. Central to this algorithm is the integration of the Relative Strength Index #RSI, a staple indicator renowned for its effectiveness in measuring momentum.
The RSI - Tried and True:
By incorporating the #RSI, traders gain valuable insights into the speed and strength of price movements, aiding in the identification of potential #trend #reversals and #continuations.
Why Heiken Ashi Candles:
Additionally, the utilization of #Heiken Ashi candles within this algorithm offers a smoother representation of price action, reducing noise and enhancing clarity in trend analysis. This feature is particularly advantageous in volatile markets, where traditional candlestick patterns may produce false signals. By employing Heiken #Ashi candles, traders can more accurately identify underlying trends and make informed decisions based on reliable price data.
Combining RSI and Heiken Ashi:
The synergy between the RSI and Heiken Ashi candles in the Heiken Ashi Algo Oscillator v6 provides traders with a comprehensive perspective on both momentum and trend direction. This combination allows for a nuanced analysis of market dynamics, enabling traders to navigate various market conditions with greater confidence.
Heiken Ashi Candle Sizes:
The size of the Heiken Ashi candles serves as a visual indicator of the distance the RSI has moved between closing prices, offering additional insights into momentum shifts.
Not your average Heiken Ashi Candles:
Ive taken the time to do some serious custom coding for these particular Heiken Ashi Candles.
They do NOT color as the normal ones do. There is a setting in the inputs tab of the indicator that allows you to color them according to my secret code where its looking for Breaks of Structure on lower timeframes based on Heiken Ashi Candle calculations.
Turning on this feature gives you a more promising array of candle colors telling you about false or positive breakouts and trends.
Why choose this tool:
CoffeeShopCrypto's Heiken Ashi Algo Oscillator v6 offers a balanced and effective tool for traders across different markets. By leveraging the power of the RSI and Heiken Ashi candles, traders can enhance their decision-making process, identify trading opportunities with greater precision, and ultimately improve their overall trading performance.
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Inflow / Outflow (accumulation and distribution) Ribbon
In trading we know liquidity means volume and volume is orders. This ribbon shows you when orders are entering, exiting, filling or flat in the market.
The Liquidity Ribbon is a visual representation of whats happening with accumulation and distribution in the market.
It acts as a dynamic area of support and resistance for the RSI (momentum).
Once the RSI breaks above or below the full area of the ribbon, you have an overturned short term market.
Breaking this area isn't easy because of the one sided thick line known as the PoC line or Point of Control Line.
This line changes between a rising and falling color to tell you what side of the market has the most resistance or support.
Custom HA candles
The common way for HA candles to be colors is green for bullish and red for bearish.
These candles color differently according to market dynamics vs how the current candle closes.
This is helpful to keep you from taking longs or shorts when the momentum just doesn't have the move.
How it all works together: Taking entries and failed breakouts.
In the image below (left to right) you can see the following take place:
Short Entry:
HA Candles push down through the ribbon breaking below its low side (Support Ribbon Broken)
Following this the RSI RANGE is broken to the down side.
This is a good setup for a short breakout
Retrace to false breakout:
After this price retraces and so does momentum.
HA Candles attempt to but fail to break through the top of the ribbon and push back down . This is a false breakout.
Bullish Divergence to Long Entry:
The Heiken Ashi Algo forms a bullish divergence and HA candles push back up into the ribbon. Without a change in candle structure the RSI breaks the top of the ribbon where the control line sits as well as breaking through the top of the RANGE area and
This is a promising setup for a long trade.
Rally Base Rally: (into secondary long trade)
As price is rising, it retraces until HA candles are within the RANGE. No candle closes or has a low below the RSI midline.
HA Candles are forming a consolidation. After consolidation the RSI breaks out the top of the ribbon and the top of the RANGE allowing a secondary long entry.
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Im not gonna lie. Ive written a lot of tutorials but this one was probably the most exciting to describe.
If you have any questions please do ask below.
SessionVolumeProfileLibrary "SessionVolumeProfile"
Analyzes price & volume during regular trading hours to provide a session volume profile analysis. The primary goal of this library is to provide the developer with three values: the value area high, low and the point of control. The library also provides methods for rendering the value areas and histograms. To learn more about this library and how you can use it, click on the website link in my profile where you will find a blog post with detailed information.
debug(vp, position)
Helper function to write some information about the supplied SVP object to the screen in a table.
Parameters:
vp (Object) : The SVP object to debug
position (string) : The position.* to place the table. Defaults to position.bottom_center
getLowerTimeframe()
Depending on the timeframe of the chart, determines a lower timeframe to grab volume data from for the analysis
Returns: The timeframe string to fetch volume for
get(volumeProfile, lowerTimeframeHigh, lowerTimeframeLow, lowerTimeframeVolume)
Populated the provided SessionVolumeProfile object with vp data on the session.
Parameters:
volumeProfile (Object) : The SessionVolumeProfile object to populate
lowerTimeframeHigh (float ) : The lower timeframe high values
lowerTimeframeLow (float ) : The lower timeframe low values
lowerTimeframeVolume (float ) : The lower timeframe volume values
drawPriorValueAreas(todaySessionVolumeProfile, extendYesterdayOverToday, showLabels, labelSize, pocColor, pocStyle, pocWidth, vahlColor, vahlStyle, vahlWidth, vaColor)
Given a SessionVolumeProfile Object, will render the historical value areas for that object.
Parameters:
todaySessionVolumeProfile (Object) : The SessionVolumeProfile Object to draw
extendYesterdayOverToday (bool) : Defaults to true
showLabels (bool) : Defaults to true
labelSize (string) : Defaults to size.small
pocColor (color) : Defaults to #e500a4
pocStyle (string) : Defaults to line.style_solid
pocWidth (int) : Defaults to 1
vahlColor (color) : The color of the value area high/low lines. Defaults to #1592e6
vahlStyle (string) : The style of the value area high/low lines. Defaults to line.style_solid
vahlWidth (int) : The width of the value area high/low lines. Defaults to 1
vaColor (color) : The color of the value area background. Defaults to #00bbf911)
drawHistogram(volumeProfile, bgColor, showVolumeOnHistogram)
Given a SessionVolumeProfile object, will render the histogram for that object.
Parameters:
volumeProfile (Object) : The SessionVolumeProfile object to draw
bgColor (color) : The baseline color to use for the histogram. Defaults to #00bbf9
showVolumeOnHistogram (bool) : Show the volume amount on the histogram bars. Defaults to false.
Object
Fields:
numberOfRows (series__integer)
valueAreaCoverage (series__integer)
trackDevelopingVa (series__bool)
valueAreaHigh (series__float)
pointOfControl (series__float)
valueAreaLow (series__float)
startTime (series__integer)
endTime (series__integer)
dayHigh (series__float)
dayLow (series__float)
step (series__float)
pointOfControlLevel (series__integer)
valueAreaHighLevel (series__integer)
valueAreaLowLevel (series__integer)
volumeRows (array__float)
priceLevelRows (array__float)
ltfSessionHighs (array__float)
ltfSessionLows (array__float)
ltfSessionVols (array__float)
Filtered Volume Profile [ChartPrime]The "Filtered Volume Profile" is a powerful tool that offers insights into market activity. It's a technical analysis tool used to understand the behavior of financial markets. It uses a fixed range volume profile to provide a histogram representing how much volume occurred at distinct price levels.
Profile in action with various significant levels displayed
How to Use
The script is designed to analyze cumulative trading volumes in different price bins over a certain period, also known as `'lookback'`. This lookback period can be defined by the user and it represents the number of bars to look back for calculating levels of support and resistance.
The `'Smoothing'` input determines the degree to which the output is smoothed. Higher values lead to smoother results but may impede the responsiveness of the indicator to rapid changes in volatility.
The `'Peak Sensitivity'` input is used to adjust the sensitivity of the script's peak detection algorithm. Setting this to a lower value makes the algorithm more sensitive to local changes in trading volume and may result in "noisier" outputs.
The `'Peak Threshold'` input specifies the number of bins that the peak detection mechanism should account for. Larger numbers imply that more volume bins are taken into account, and the resultant peaks are based on wider intervals.
The `'Mean Score Length'` input is used for scaling the mean score range. This is particularly important in defining the length of lookback bars that will be used to calculate the average close price.
Sinc Filter
The application of the sinc-filter to the Filtered Volume Profile reduces the risk of viewing artefacts that may misrepresent the underlying market behavior. Sinc filtering is a high-quality and sharp filter that doesn't manifest any ringing effects, making it an optimal choice for such volume profiling.
Histogram
On the histogram, the volume profile is colored based on the balance of bullish to bearish volume. If a particular bar is more intense in color, it represents a larger than usual volume during a single price bar. This is a clear signal of a strong buying or selling pressure at a particular price level.
Threshold for Peaks
The `peak_thresh` input determines the number of bins the algorithm takes in account for the peak detection feature. The 'peak' represents the level where a significant amount of volume trading has occurred, and usually is of interest as an indicative of support or resistance level.
By increasing the `peak_thresh`, you're raising the bar for what the algorithm perceives as a peak. This could result in fewer, but more significant peaks being identified.
History of Volume Profiles and Evolution into Sinc Filtering
Volume profiling has a rich history in market analysis, dating back to the 1950s when Richard D. Wyckoff, a legendary trader, introduced the concept of volume studies. He understood the critical significance of volume and its relationship with market price movement. The core of Wyckoff's technical analysis suite was the relationship between prices and volume, often termed as "Effort vs Results".
Moving forward, in the early 1800s, the esteemed mathematician J. R. Carson made key improvements to the sinc function, which formed the basis for sinc filtering application in time series data. Following these contributions, trading studies continued to create and integrate more advanced statistical measures into market analysis.
This culminated in the 1980s with J. Peter Steidlmayer’s introduction of Market Profile. He suggested that markets were a function of continuous two-way auction processes thus introducing the concept of viewing markets in price/time continuum and price distribution forms. Steidlmayer's Market Profile was the first wide-scale operation of organized volume and price data.
However, despite the introduction of such features, challenges in the analysis persisted, especially due to noise that could misinform trading decisions. This gap has given rise to the need for smoothing functions to help eliminate the noise and better interpret the data. Among such techniques, the sinc filter has become widely recognized within the trading community.
The sinc filter, because of its properties of constructing a smooth passing through all data points precisely and its ability to eliminate high-frequency noise, has been considered a natural transition in the evolution of volume profile strategies. The superior ability of the sinc filter to reduce noise and shield against over-fitting makes it an ideal choice for smoothing purposes in trading scripts, particularly where volume profiling forms the crux of the market analysis strategy, such as in Filtered Volume Profile.
Moving ahead, the use of volume-based studies seems likely to remain a core part of technical analysis. As long as markets operate based on supply and demand principles, understanding volume will remain key to discerning the intent behind price movements. And with the incorporation of advanced methods like sinc filtering, the accuracy and insight provided by these methodologies will only improve.
Mean Score
The mean score in the Filtered Volume Profile script plays an important role in probabilistic inferences regarding future price direction. This score essentially characterizes the statistical likelihood of price trends based on historical data.
The mean score is calculated over a configurable `'Mean Score Length'`. This variable sets the window or the timeframe for calculation of the mean score of the closing prices.
Statistically, this score takes advantage of the concept of z-scores and probabilities associated with the t-distribution (a type of probability distribution that is symmetric and bell-shaped, just like the standard normal distribution, but has heavier tails).
The z-score represents how many standard deviations an element is from the mean. In this case, the "element" is the price level (Point of Control).
The mean score section of the script calculates standard errors for the root mean squared error (RMSE) and addresses the uncertainty in the prediction of the future value of a random variable.
The RMSE of a model prediction concerning observed values is used to measure the differences between values predicted by a model and the values observed.
The lower the RMSE, the better the model is able to predict. A zero RMSE means a perfect fit to the data. In essence, it's a measure of how concentrated the data is around the line of best fit.
Through the mean score, the script effectively predicts the likelihood of the future close price being above or below our identified price level.
Summary
Filtered Volume Profile is a comprehensive trading view indicator which utilizes volume profiling, peak detection, mean score computations, and sinc-filter smoothing, altogether providing the finer details of market behavior.
It offers a customizable look back period, smoothing options, and peak sensitivity setting along with a uniquely set peak threshold. The application of the Sinc Filter ensures a high level of accuracy and noise reduction in volume profiling, making this script a reliable tool for gaining market insights.
Furthermore, the use of mean score calculations provides probabilistic insights into price movements, thus providing traders with a statistically sound foundation for their trading decisions. As trading markets advance, the use of such methodologies plays a pivotal role in formulating effective trading strategies and the Filtered Volume Profile is a successful embodiment of such advancements in the field of market analysis.
Volume Profile with Delta [TradeMaster Lite]The indicator estimates and displays the total traded volume and it's delta** at each price level during the user-defined period. It can be used to identify key support and resistance levels, determine logical take profit and stop loss levels, identify balanced and unbalanced markets and determine trend strength. The indicator offers different approaches to visualize the volume profile and can be chosen based on your preferred trading strategy and analysis method. The position and size of the Volume Profile is fully customizable, it can even be flipped if needed!
Three different display types (cosmetic effect only):
Classic
Compact
Modern
The Lite version offers three different range types:
Visible Range: displays the volume profile for the visible range of bars or candles on the chart. It adjusts dynamically as you change the chart view making it ideal for the modern trader who values both precision and simplicity.
Open End: displays the volume profile from a specific start date without a defined end, including real delta data. It provides an overview of the volume activity across all price levels of the examined period.
Fixed End: lets you define a specific start and end point for the volume profile. It can be useful if you want to analyze the volume activity within a specific time period or price range.
👉 Usage
The Volume Profile is a histogram that shows the estimated trading volume at certain price levels, how much was sold and how much was bought of the asset. The longer the histogram, the greater the trading volume at that price level. The Delta estimates which side was dominant at that price level and by how much.
To make the most out of the indicator, you can look for
pullbacks to high volume nodes or value areas,
initial equilibrium pullbacks,
buy or sell opportunities for price reversals,
institutional order flow.
The largest histogram node is called the Point of Control (POC). It is the estimated real market price of a coin. There's a common belief that when the price is above this point, the market sentiment is bullish, and when it's below, the sentiment turns bearish. It can act as a strong support if the price is above it and as strong resistance if the price is below it.
Price action usually finds the most support and resistance and the edge of the high volume areas. The indicator can mark these as VAH and VAL (Value Area High and Low).
In addition to the indication of support and resistance zones, the volume profile can also be used to infer the speed of price movements. At levels where there is little trading volume, faster and more volatile price movements are expected. In such scenarios the price may fall or rise faster to the next high volume zone.
👉 General advice
Confirming Signals with other indicators:
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management:
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators:
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in Mind:
Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
Limitations:
The Lite version shows simple delta with current timeframe volume data.
The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected.
**The Delta estimates which side was dominant at that price level and by how much. It is the difference between bull and bear volume of the candle.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Time Profile [QuantVue]The Time Profile indicator provides traders with a comprehensive view of volume and time-based price activity. The indicator combines two essential components into one indicator: the volume profile and the time profile.
The volume profile represents the distribution of trading volume at different price levels over a specified period and is displayed as a circle on the chart.
It provides a visual representation of where the majority of trading volume occurred and often highlights significant support and resistance levels. The volume profile is calculated as the closing price of the highest volume intraday bar, based on the user selected lower time frame.
On the other hand, the time profile focuses on analyzing the time spent at certain price levels. The indicator divides the current bars range into 10 blocks and counts the number of user selected lower time frame closes within each time block.
The block with the most lower time frame closes in it is deemed the time point of control. Traders can use this information to identify time blocks where price movement was most significant.
The time profile is drawn on the Y axis of the current bar to allow for an easy visualization of where price spent most of its time. Historical time profiles are also noted on previous bars with a dash marking the level.
The Time Profile indicator offers several customization options. Traders can adjust the timeframe for the lower time frame data, decide whether to display the time profile, and customize colors for visual clarity.
Additionally, traders can choose to highlight instances where the Volume POC and Time POC align, indicating a strong concentration of volume and price activity.
Don't hesitate to reach out with any questions or concerns.
We hope you enjoy!
Cheers.
Synthetic Price Action GeneratorNOTICE:
First thing you need to know, it "DOES NOT" reflect the price of the ticker you will load it on. THIS IS NOT AN INDICATOR FOR TRADING! It's a developer tool solely generating random values that look exactly like the fractals we observe every single day. This script's generated candles are as fake as the never ending garbage news cycles we are often force fed and expected to believe by using carefully scripted narratives peddled as hypnotic truth to psychologically and emotionally influence you to the point of control by coercion and subjugation. I wanted to make the script's synthetic nature very clear using that analogy, it's dynamically artificial. Do not accidentally become disillusioned by this scripts values, make trading decisions from it, and lastly don't become victim to predatory media magic ministry parrots with pretty, handsome smiles, compelling you to board their ferris wheel of fear. Now, on to the good stuff...
BACKSTORY:
Occasionally I find myself in situations where I have to build analyzers in Pine to actually build novel quantitative analytic indicators and tools worthy of future use. These analyzers certainly don't exist on this platform, but usually are required to engineer and tweak algorithms of the highest quality with the finest computational caliber. I have numerous other synthesizers to publish besides this one.
For many reasons, I needed a synthetic environment to utilize the analyzers I built in Pine, to even pursue building some exotic indicators and algorithms. Pine doesn't allow sourcing of tuples. Not to mention, I required numerous Pine advancements to make long held dreams into tangible realities. Many Pine upgrades have arrived and MANY, MANY more are in need of implementation for all. Now that I have this, intending to use it in the future often when in need, you can now use it too. I do anticipate some skilled Pine poets will employ this intended handy utility to design and/or improved indicators for trading.
ORIGIN:
This was inspired by the brilliance from the world renowned ALGOmist John F. Ehlers, but it's taken on a completely alien form from its original DNA. Browsing on the internet for something else, I came across an article with a small code snippet, and I remembered an old wish of mine. I have long known that by flipping back and forth on specific tickers and timeframes in my Watchlist is not the most efficient way to evaluate indicators in multiple theatres of price action. I realized, I always wanted to possess and use this sort of tool, so... I put it into Pine form, but now have decided to inject it with Pine Script steroids. The outcome is highly mutable candle formations in a reusable mutagenic package, observable above and masquerading as genuine looking price candles.
OVERVIEW:
I guess you could call it a price action synthesizer, but I entitled it "Synthetic Price Action Generator" for those who may be searching for such a thing. You may find this more useful on the All or 5Y charts initially to witness indication from beginning (barstate.isfirst === barindex==0) to end (last_bar_index), but you may also use keyboard shortcuts + + to view the earliest plottable bars on any timeframe. I often use that keyboard shortcut to qualify an indicator through the entirety of it's runtime.
A lot can go wrong unexpectedly with indicator initialization, and you will never know it if you don't inspect it. Many recursively endowed Infinite Impulse Response (IIR) Filters can initialize with unintended results that minutely ring in slightly erroneous fashion for the entire runtime, beginning to end, causing deviations from "what should of been..." values with false signals. Looking closely at spg(), you will recognize that 3 EMAs are employed to manage and maintain randomness of CLOSE, HIGH, and LOW. In fact, any indicator's barindex==0 initialization can be inspected with the keyboard shortcuts above. If you see anything obviously strange in an authors indicator, please contact the developer if possible and respectfully notify them.
PURPOSE:
The primary intended application of this script, is to offer developers from advanced to even novice skill levels assistance with building next generation indicators. Mostly, it's purpose is for testing and troubleshooting indicators AND evaluating how they perform in a "manageable" randomized environment. Some times indicators flake out on rare but problematic price fluctuations, and this may help you with finding your issues/errata sooner than later. While the candles upon initial loading look pristine, by tweaking it to the minval/maxval parameters limits OR beyond with a few code modifications, you can generate unusual volatility, for instance... huge wicks. Limits of minval= and maxval= of are by default set to a comfort zone of operation. Massive wicks or candle bodies will undoubtedly affect your indication and often render them useless on tickers that exhibit that behavior, like WGMCF intraday currently.
Copy/paste boundaries are provided for relevant insertion into another script. Paste placement should happen at the very top of a script. Note that by overwriting the close, open, high, etc... values, your compiler will give you generous warnings of "variable shadowing" in abundance, but this is an expected part of applying it to your novel script, no worries. plotcandle() can be copied over too and enabled/disabled in Settings->Style. Always remember to fully remove this scripts' code and those assignments properly before actual trading use of your script occurs, AND specifically when publishing. The entirety of this provided code should never, never exist in a published indicator.
OTHER INTENTIONS:
Even though these are 100% synthetic generated price points, you will notice ALL of the fractal pseudo-patterns that commonly exist in the markets, are naturally occurring with this generator too. You can also swiftly immerse yourself in pattern recognition exercises with increased efficiency in real time by clicking any SPAG Setting in focus and then using the up/down arrow keys. I hope I explained potential uses adequately...
On a personal note, the existence of fractal symmetry often makes me wonder, do we truly live in a totality chaotic universe or is it ordered mathematically for some outcomes to a certain extent. I think both. My observations, it's a pre-deterministic reality completely influenced by infinitesimal amounts of sentient free will with unimaginable existing and emerging quantities. Some how an unknown mysterious mechanism governing the totality of universal physics and mathematics counts this 100.0% flawlessly and perpetually. Anyways, you can't change the past that long existed before your birth or even yesterday, but you can choose to dream, create, and forge the future into your desires and hopes. As always, shite always happens when your not looking for it. What you choose to do after stepping in it unintentionally... is totally up to you. :) Maybe this tool and tips provided will aid you in not stepping in an algo cachucha up to your ankles somehow.
SCRIPTING LESSONS PORTRAYED IN THIS SCRIPT:
Pine etiquette and code cleanliness
Overwrite capabilities of built-in Pine variables for testing indicators
Various techniques to organize Settings panel while providing ease of adjustment utility
Use of tooltip= to provide users adequate valuable information. Most people want to trade with indicators, not blindly make adjustments to them without any knowledge of their intended operation/effects
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members , I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
Reditum SniperReditum Sniper synchronizes multiple time frames POC's (Point of Control) to a single graph, allowing its user to find valuable area's which may act as key levels to take educated decisions. Furthermore it uses custom made formulas to find the lookback period of previously mentioned values.
Reditum Sniper vs Reditum Scanner
Reditum Sniper aproaches the markets in a similar way as the Reditum Scan, yet it counts with several updates and overall a rebrand. The Reditum Sniper includes bug fixes, weekly poc has been added, the ability to fix the max_bars_back error in any security, less memory use which is required due to errors presented in later versions of the TradingView platform, functions which simplify the code and much more!
Components of Reditum Scan:
POC's (30 min, 60 min, 120 min, 240 min, daily, weekly)
How does it work?
The algorithm allows you to identify areas of strong support and resistance , based on where most of the trading activity takes place.
What are the strategies for considering placing a trade?
1.Cluster (agglomeration of multiple POC's) to cluster (by identifying two clusters, the price could go smoothly from one Cluster to the other).
2. From cluster (agglomeration of multiple POCs, each with unique color. Now, from this cluster important movements may begin).
3. Towards a cluster (like the “from cluster” pattern, we identify areas of high interest for institutional companies, in this pattern the cluster acts like a magnet, if price is near it may be fully attracted towards the agglomeration).
If you are a member of the mastermind tribe please contact the support team within the tribe to access the indicator (do not leave personal or subscription data in the comments on this page), if not, please visit the link located in our signature.
Thanks for taking a look!
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Reditum Sniper sincroniza múltiples POC's (Puntos de Control) de distintos marcos de tiempo a un único grafico, permitiéndole al usuario encontrar áreas de alto valor que pueden actuar como niveles clave para tomar una decisión educada en su inversión. Además utiliza formulas propias para encontrar la cantidad de data utilizada para los valores previamente mencionados.
Reditum Sniper vs Reditum Scanner
Reditum Sniper enfrenta el mercado de una manera similar al Reditum Scan, aun así cuenta con una gran cantidad de cambios y sobre todo un cambio de marca. El Reditum Sniper incluye una gran cantidad de arreglos de bugs, el poc weekly ya esta incluido por default, la habilidad de solucionar el error max_bars_back que se presentaba en ciertos marcos de tiempo, menor uso de memoria el cual se requiere debido a que se presentaba este error en nuevas versiones de la plataforma, funciones que simplifican el código y mucho más!
Componentes de Reditum Scan:
POC´s (30 min, 60 min, 120 min, 240 min, diario, semanal)
¿Cómo funciona?
El algoritmo le permite identificar áreas de fuerte soporte y resistencia, según el lugar donde se lleva a cabo la mayor parte de la actividad comercial.
¿Cuáles son las estrategias para considerar una entrada?
1.Cluster (aglomeración de múltiples POC´s) a cluster (al identificar dos cluster el precio podría ir con fluidez desde uno al otro que lo recibe).
2.Desde cluster (lo identificamos con la aglomeración de múltiples POC identificados con colores que hacen fácil la lectura. Ahora, desde este cluster podrían iniciar movimientos importantes).
3.Hacia cluster (al igual que el patrón “desde cluster” identificamos zonas de alto interés para los institucionales, en este patrón el cluster actúa como un imán para el precio, de modo que cuando el precio está lejos de él, lo podría atraer con fuerza).
Para acceder a la herramienta, si usted es miembro de la tribu mastermind por favor comunicarse con el equipo de soporte dentro de la tribu (no dejar datos personales ni de suscripción en los comentarios de esta página), si no es miembro por favor visite el enlace a continuación en nuestra Firma.
Gracias por echarle un vistazo!.
Reditum ScanReditum Scan allows you to synchronize the Market Profile Points of Control (POC) in different time intervals to a single graph.
Components of Reditum Scan:
POC's (30 min, 60 min, 120 min, 240 min, daily)
How does it work?
The algorithm allows you to identify areas of strong support and resistance, based on where most of the trading activity takes place.
What are the strategies for considering placing a trade?
1.Cluster (agglomeration of multiple POC's) to cluster (by identifying two clusters, the price could go smoothly from one Cluster to the other).
2. From cluster (agglomeration of multiple POCs, each with unique color. Now, from this cluster important movements may begin).
3. Towards a cluster (like the “from cluster” pattern, we identify areas of high interest for institutional companies, in this pattern the cluster acts like a magnet, if price is near it may be fully attracted towards the agglomeration).
If you are a member of the mastermind tribe please contact the support team within the tribe to access the indicator (do not leave personal or subscription data in the comments on this page), if not, please visit the link located in our signature.
Thanks for taking a look!
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Reditum Scan permite sincronizar los puntos de control (POC) de los perfiles de mercado en varios intervalos de tiempo en una sola gráfica.
Componentes de Reditum Scan:
POC´s (30 min, 60 min, 120 min, 240 min, diario)
¿Cómo funciona?
El algoritmo le permite identificar áreas de fuerte soporte y resistencia, según el lugar donde se lleva a cabo la mayor parte de la actividad comercial.
¿Cuáles son las estrategias para considerar una entrada?
1.Cluster (aglomeración de múltiples POC´s) a cluster (al identificar dos cluster el precio podría ir con fluidez desde uno al otro que lo recibe).
2.Desde cluster (lo identificamos con la aglomeración de múltiples POC identificados con colores que hacen fácil la lectura. Ahora, desde este cluster podrían iniciar movimientos importantes).
3.Hacia cluster (al igual que el patrón “desde cluster” identificamos zonas de alto interés para los institucionales, en este patrón el cluster actúa como un imán para el precio, de modo que cuando el precio está lejos de él, lo podría atraer con fuerza).
Para acceder a la herramienta, si usted es miembro de la tribu mastermind por favor comunicarse con el equipo de soporte dentro de la tribu (no dejar datos personales ni de suscripción en los comentarios de esta página), si no es miembro por favor visite el enlace a continuación en nuestra Firma.
Gracias por echarle un vistazo!.
W5T BITSThe B.I.T.S (Breakout Intelligent Breakout Signals) Trading Suite is for swing and day trading instruments with Volume and price action. So Cryptocurrency, Futures , Stocks and Commodities on all time frames. We are looking at squeezes in price action with increased volume . Then the proximity to our points of control, which are different EMA´s
Developed through in our Cloud
Signal Candles Both Long & Short
Entry & Stop Loss Prices
Automated Bias Indicator
W5T Special Points of Control
Yesterday's HLC levels and labels
Automatic Risk Calculator when trading Stocks
Training Bootcamp
See our signature to learn more!
Auto-Anchored Fibonacci Volume Profile [Custom Array Engine]Description:
1. The Theoretical Foundation: Structure vs. Participation In professional technical analysis, traders often struggle to reconcile two distinct datasets: Price Geometry (where price should go) and Market Participation (where money actually went).
Why Fibonacci? (The Structure) Fibonacci Retracements map the mathematical structure of a trend. They identify psychological and algorithmic "interest zones" (0.382, 0.5, 0.618) where a correction is statistically likely to terminate. However, Fibonacci levels are theoretical—they are "lines in the sand" that do not guarantee liquidity or reaction.
Why Volume Profile? (The Verification) Volume Profile maps the historical exchange of shares at specific price levels. It reveals "fair value" (High Volume Nodes) and "market imbalance" (Low Volume Nodes). It is the only tool that verifies if a specific price level was actually accepted by institutional participants.
2. Underlying Calculations (The Custom Engine) This script operates on a custom-built calculation engine that bypasses standard built-in functions entirely. It uses Pine Script Arrays to build a Volume Profile from scratch. Here is the breakdown of the proprietary code logic:
A. The "Smart-Fill" Distribution Algorithm (Solves Gapping)
The Problem: Standard volume scripts often assign a candle's entire volume to a single price row. In volatile markets or steep trends, this creates visual "gaps" or a "barcode" effect because price moved too fast to register on every row.
My Solution: I wrote a custom loop that calculates the vertical overlap of every candle against the profile grid.
The Math: Volume Per Bin = Total Candle Volume / Bins Touched.
The Result: If a single volatile candle spans 10 price rows (bins), the script mathematically divides that volume and distributes it equally into all 10 array indices. This generates a solid, continuous distribution curve that accurately reflects price action through the entire candle range, not just the close.
B. Dynamic Arrays & Split-Volume Logic The script initializes two separate floating-point arrays (buyVolArray and sellVolArray) sized to the user's resolution (up to 300 rows). It iterates through the specific time-window of the swing:
If Close >= Open, the calculated volume slice is injected into the Buy Array.
If Close < Open, it is injected into the Sell Array.
These arrays are then visually stacked to render the dual-color profile, allowing traders to see the "Delta" (Buyer vs. Seller aggression) at key structural levels.
C. Custom Garbage Collection (Performance) To enable the "Auto-Anchoring" feature without causing chart lag or visual artifacts ("ghosting"), the script includes a Garbage Collection System. Before drawing a new profile, the script iterates through a tracking array of all existing objects (box.delete, line.delete) and clears them from memory. This ensures the indicator remains lightweight and responsive even when dragging chart margins or switching timeframes.
3. The Synthesis: Why Combine Them? The core philosophy of this script is Confluence . A Fibonacci level without volume is merely a suggestion; a Fibonacci level backed by volume is a defensive wall. By algorithmically anchoring a Volume Profile to the exact coordinates of a Fibonacci swing, this tool allows traders to instantly answer critical questions:
"Is the Golden Pocket (0.618) supported by a High Volume Node (HVN), or is it a Low Volume Node (LVN) that price might slice through?"
"Is the Shallow Retracement (0.382) holding because of structural support, or just a lack of selling pressure?"
4. How to Read the Indicator
The Geometry: The script automatically detects the trend and draws standard Fib levels (0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0).
The Confluence Check: Look for the Point of Control (Red Line). If this High Volume Node aligns with a key Fib level (e.g., the 0.618), the probability of a reversal increases significantly.
The Imbalance Check: Look for "Valleys" in the profile (Low Volume Nodes). These gaps often act as "slippage zones" where price travels quickly between structural levels.
Buy/Sell Splits: The dual-color bars (Teal/Red) reveal the composition of the volume. A 0.618 level held up by dominant Buy Volume is a stronger bullish signal than one with mixed volume.
5. Settings & Customization
Lookback Length: Sensitivity of the swing detection (Default: 200 bars).
Resolution: Granularity of the profile rows (Default: 100). Higher values provide smoother definition.
Width (%): Responsive sizing that scales the profile relative to the trend's duration.
Extend Lines: Option to project structural levels infinitely to the right.
Disclaimer This script is an analytical tool for visualizing historical market data. It does not provide trade signals or financial advice.
X-Trend reversal (PRO) 👑 X-TREND REVERSAL (PRO): Institutional Order Flow Analysis
Look at the results above. This is not luck. This is mathematics. X-Trend PRO is the flagship algorithm of our ecosystem, engineered for traders who have outgrown standard technical analysis. While the Lite version identifies trends, the PRO version sees where the money is.
Unlike 99% of indicators that focus solely on price action, X-Trend PRO analyzes Market Liquidity and Volume Delta (CVD). We have fused market structure with an X-ray view of institutional activity.
💎 EXCLUSIVE PRO FEATURES:
📊 Volume & CVD Fusion: The indicator detects Cumulative Volume Delta divergences. It warns you of reversals when price is still rising, but buyers have already left the market.
📍 Dynamic POC (Point of Control): Automatically identifies "fair price" levels and institutional accumulation zones. You trade from levels defended by market makers.
🛡 Zero Repaint Guarantee: The signal is locked permanently upon bar close. The history you see is the actual real-time performance of the algorithm.
🧠 Smart Filtering: The system filters out "noise" in ranging markets, generating signals only when Trend, Momentum, and Volume align perfectly.
⚠️ IMPORTANT: SYSTEM SYNERGY
While X-Trend PRO is a powerful standalone tool, the author does not recommend using it in isolation. To achieve the "Sniper Efficiency" shown in the screenshots and to ensure deep market confluence, this tool is engineered to work ideally in synergy with the X-Trend Dashboard PRO. Combining these modules provides the ultimate confirmation system.
🔒 HOW TO GET ACCESS (INVITE-ONLY)
This script is a closed-source proprietary tool. Access is granted exclusively through our official channels.
⛔ NOTE: We do NOT respond to access requests in the comment section below. Please use the links above for instant support and license activation.
🟡 GOLD 4H HUD v8.9 — Loose ICT OB + Strong/Weak + FVG/HVN/LVNGOLD 4H HUD v8.9 is a clean, structured Smart Money Concepts (SMC)–based analysis tool designed exclusively for XAUUSD on the 4-hour timeframe.
It focuses on the three most important elements for institutional orderflow analysis:
✔ Loose ICT Order Blocks (Demand/Supply)
✔ Fair Value Gaps (FVG)
✔ Volume Profile Zones (HVN/LVN/POC)
The script builds a professional-style HUD that displays the key institutional regions and structural levels that matter most for gold traders.
📌 Key Features
1 — Market Structure Engine (HH/HL & BOS)
The indicator detects:
Minor swing Highs and Lows
Last confirmed HH / HL levels
Break of Structure (BOS) for directional bias
EMA-200 trend filter (UP / DOWN / NEUTRAL)
This gives traders a clean structural read without clutter or noise.
2 — Loose FVG Engine (Tolerance-Based ICT Gaps)
A soft-threshold FVG engine detects “loose” Fair Value Gaps using a 0.1% price tolerance.
This method ensures:
Fewer missed imbalances
Cleaner OB/FVG alignment
Higher accuracy on 4H gold displacement legs
FVGs automatically shift to the right side of the chart for clean visualization.
3 — Order Block Engine (Demand/Supply + Strong/Weak Classification)
A simplified ICT-style OB engine scans the past few candles whenever BOS is detected.
It identifies:
Demand OB during bullish BOS
Supply OB during bearish BOS
Strong OB if fully nested inside an active FVG
Weak OB otherwise
OB boxes include:
Clear color coding (strong vs. weak)
Price range labels inside each box
Automatic right-shift for visual clarity
4 — Volume Profile Engine (POC / HVN / LVN / VAH / VAL)
Based on a rolling window (default 120 bars), the script builds a lightweight volume distribution.
It displays:
POC (Point of Control)
HVN (High Volume Node)
LVN (Low Volume Node)
Value Area High / Low
HVN/LVN zones are shown as right-shifted colored boxes with price labels.
These zones help identify:
Institutional accumulation
Low-liquidity rejection points
Areas where price tends to react strongly
5 — Support / Resistance Mapping
The script automatically generates:
OB-based support/resistance
Swing-high/swing-low levels
HVN/LVN structural levels
These are displayed in the HUD for fast reference.
6 — Professional HUD Panel
A compact, easy-to-read HUD summarizes:
Trend direction
Latest HH/HL
OB ranges (Strong/Weak)
HVN/LVN price zones
POC
Multi-layer support & resistance
This turns the script into a fully functional analysis dashboard.
📌 What This Indicator Is NOT
To avoid misunderstanding:
It does not take entries or generate buy/sell signals
It does not auto-detect CHOCH, MSS, SMT, or sweeps
It is not a trading bot
This tool is designed as an institutional-style map and analysis HUD, not a strategy.
📌 Best Use Case
This indicator is ideal for traders who want to:
Read institutional structure on XAUUSD
Identify clean Demand/Supply zones
Visualize FVG/OB/HVN interactions
Track high-value liquidity levels
Build directional bias on 4H before dropping to execution timeframes
⚠ Important Note
This tool is designed exclusively for the 4H timeframe.
Using it on lower timeframes will display a warning.
mrD-Volume Profile HeatmapThis indicator combines advanced volume analysis with institutional-grade visualization techniques to provide traders with a comprehensive view of market structure and liquidity zones.
WHAT MAKES THIS UNIQUE:
• Proprietary bidirectional volume profiling algorithm that separates buying and selling pressure using VWAP deviation analysis, not standard volume bars
• Custom heatmap visualization engine with adaptive gradient calculation based on volume-weighted price distribution across multiple timeframes
• Integrated Weekly VWAP with hlc3 weighting for institutional reference levels
• Dynamic POC (Point of Control) detection with fixed-height text boxes for clarity
• Optimized rendering system that handles 500+ bars efficiently without lag
HOW IT WORKS:
The algorithm analyzes volume distribution at each price level within the lookback period, applying a proprietary weighting system that considers:
1. Volume-weighted average price (VWAP) deviation to classify volume as bullish/bearish
2. Price levels are binned into customizable rows (bins) for granular analysis
3. Volume bars extend bidirectionally: positive volume (green) extends left, negative volume (red) extends right
4. Heatmap overlay uses multi-level gradient mapping (6-color spectrum) to highlight high volume nodes
5. Weekly VWAP provides macro trend reference with session-based reset logic
VOLUME PROFILE MECHANICS:
• Calculates volume distribution across price levels using a grid-based binning system
• Each bin accumulates volume when the price touches that level
• Positive/negative classification based on VWAP position (above = bullish, below = bearish)
• POC automatically identifies the price level with maximum volume concentration
• Display shows volume intensity through color gradients and bar lengths
HEATMAP VISUALIZATION:
• Uses exponential gradient multiplier (default 1.9) for enhanced contrast
• Color transitions: Dark Blue (low volume) → Cyan → Green → Yellow (high volume)
• Transparency-adjusted overlays ensure chart readability
• Real-time updates as new volume data arrives
WEEKLY VWAP INTEGRATION:
• Resets at the start of each trading week (request.security logic)
• Uses hlc3 (typical price) as the volume-weighted source
• Provides institutional reference level for swing traders
• Yellow color (#FFEB3B) for easy identification
KEY PARAMETERS:
• Period: Lookback window for volume calculations (default: 500 bars)
• Bins: Number of price levels for volume distribution (default: 150 rows)
• Offset: Horizontal positioning of volume bars (default: 50)
• Heatmap Rows: Granularity of heatmap overlay (default: 250)
• POC displays actual volume numbers for transparency
TRADING APPLICATIONS:
→ Identify high-volume nodes as support/resistance zones
→ Detect liquidity clusters where institutional orders concentrate
→ Spot low-volume areas where price may move quickly (thin zones)
→ Use bidirectional volume to assess buying vs selling pressure
→ Combine with Weekly VWAP for multi-timeframe confluence
→ POC levels often act as price magnets (mean reversion targets)
TECHNICAL IMPLEMENTATION NOTES:
• Optimized for intraday to swing timeframes (1m to Daily charts)
• Volume calculations use session-based accumulation (no future data)
• Box rendering is limited to 500 objects for performance
• Gradient calculations use mathematical power functions for smooth transitions
• VWAP calculation follows institutional standard (volume-weighted hlc3)
RESTRICTIONS:
This is a proprietary algorithm. Redistribution, modification, or commercial use is strictly prohibited. The logic and methods contained herein are confidential and protected intellectual property.
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DISCLAIMER & RISK WARNING
This indicator is provided solely for educational and informational purposes. It is designed to help traders understand market structure, volume distribution, and price action analysis. This tool should be used as part of a comprehensive trading education program.
NOT FINANCIAL ADVICE:
The information and signals provided by this indicator DO NOT constitute financial advice, investment advice, trading advice, or any other sort of advice. You should not treat any of the indicators' content, outputs, or signals as such. Nothing contained in this indicator constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in any other jurisdiction.
NO GUARANTEED RESULTS:
Past performance is NOT indicative of future results. The historical backtesting results, volume patterns, and statistical data shown by this indicator do not guarantee future performance or success. Market conditions change constantly, and what worked in the past may not work in the future. Trading and investing involve substantial risk of loss.
MARKET VOLATILITY:
Financial markets are inherently volatile and unpredictable. Volume patterns, support/resistance levels, and other technical indicators can fail at any time. No indicator can predict market movements with certainty. Always use proper risk management and position sizing.
By using this indicator, you acknowledge that you have read, understood, and agree to this disclaimer in its entirety. If you do not agree with any part of this disclaimer, you should not use this indicator.
8-Hours Overnight Volume Profile @MaxMaserati 3.08-Hours Overnight Volume Profile MaxMaserati 3.0
The 8-Hours Overnight Volume Profile indicator provides comprehensive volume distribution analysis for overnight trading sessions, helping traders understand institutional accumulation patterns and key price levels developed during low-liquidity periods.
Core Functionality
This indicator analyzes volume distribution across overnight sessions (default: 1:00 AM - 9:00 AM EST) to identify critical price levels where the most trading activity occurred. By utilizing lower timeframe data for accurate volume calculations, it maintains consistency across all chart timeframes while providing detailed profile resolution.
Key Features & Educational Value
Volume Profile Components:
POC (Point of Control): Identifies the price level with highest traded volume, representing the fairest price acceptance during the session
Fair Value Area (FVA): Highlights the price range containing the specified percentage of total volume (default 40%), indicating the primary area of value
High Volume Nodes (HVN): Shows areas of strong price acceptance and potential support/resistance
Low Volume Nodes (LVN): Reveals areas of price rejection that may act as continuation zones
Market Bias Table:
The integrated bias analysis table provides educational context for price action relative to overnight value areas:
Bullish Bias: Close above FVA suggests upside continuation potential
Bearish Bias: Close below FVA indicates downside pressure
P-Shaped or Top-Heavy : Price rallied above FVA but closed inside, suggesting potential rejection
B-Shaped or Bottom-Heavy: Price dropped below FVA but closed inside, indicating potential support
Neutral: Price remained within FVA, suitable for range-based strategies
Professional Customization
Multiple Color Themes: Professional Blue, Dark Gold, Neon, Minimal Gray, or Custom
Visual Styles: Choose between Solid, 3D, or Outlined bar styles
Gradient Effects: Optional gradient intensity for enhanced visual depth
Flexible Display: Adjustable profile width, resolution, and session count
Trading Applications
This tool serves educational purposes by helping traders:
Understand where overnight institutional activity established value
Identify potential support/resistance levels based on volume acceptance
Recognize bias shifts when price moves beyond established value areas
Plan entries based on value area relationships and market structure
Technical Implementation
The indicator uses multi-timeframe analysis to ensure accurate volume calculation regardless of your chart timeframe, providing reliable profile data from lower timeframe consolidation. The session-based approach isolates overnight activity, making it particularly useful for traders analyzing pre-market and early regular session dynamics.
This indicator is designed for educational purposes to enhance understanding of volume profile analysis and overnight market structure. All trading decisions should be made based on comprehensive analysis and proper risk management.
able zone# able zone
## 📋 Overview
**able zone** is an advanced Support & Resistance zone detection indicator optimized for **15-minute timeframe trading**. It combines Price Action, Volume Profile, and intelligent zone analysis to identify high-probability trading areas with precise entry and exit points.
## 🎯 Core Features
### 1. **Zone Detection Methods**
- **Auto Detect**: Automatically finds the best zones using combined analysis
- **Price Action**: Based on pivot points and price structure
- **Volume Profile**: Identifies High Volume Nodes (HVN) where most trading occurred
- **Combined**: Uses all methods together for comprehensive analysis
### 2. **Zone Types & Colors**
- 🟢 **Support Zones** (Green): Price tends to bounce up from these areas
- 🔴 **Resistance Zones** (Red): Price tends to reverse down from these areas
- 🟣 **HVN Zones** (Purple): High volume areas from Volume Profile
- **Strong Zones**: Darker colors indicate zones with more touches (higher reliability)
### 3. **Zone Strength Indicators**
- **Labels**: "S3" = Support with 3 touches, "R5" = Resistance with 5 touches
- **Touch Count**: More touches = stronger zone
- **Min Touch Count Setting**: Adjust to filter weak zones (default: 3)
## ⚙️ Settings Guide
### **Zone Detection Settings**
- **Detection Method**: Choose your preferred analysis method
- **Lookback Period** (50-500): How many bars to analyze (default: 200)
- For 15min: 200 bars = ~50 hours of data
- Shorter = Recent zones only
- Longer = Historical zones included
- **Min Touch Count** (2-10): Minimum touches to qualify as a zone (default: 3)
- **Zone Thickness %** (0.1-2.0): How thick the zones appear (default: 0.5)
- Based on ATR for dynamic sizing on 15min chart
### **Zone Colors**
Fully customizable colors for:
- Support Zone (default: Green)
- Resistance Zone (default: Red)
- Strong Support/Resistance (darker shades)
- Volume Profile Zone (default: Purple)
### **Zone Touch Detection**
- **Enable Touch Alerts**: Get notifications when price enters zones
- **Touch Distance %** (0.1-1.0): How close to zone counts as "touch" (default: 0.3%)
- On 15min chart, this gives early warning signals
- **Show Touch Markers**: Visual indicators when price touches zones
- 🔺 = Support touch (potential buy)
- 🔻 = Resistance touch (potential sell)
- 💎 = HVN touch (watch for breakout/rejection)
### **Volume Profile Integration**
- **Show VP Zones**: Display high volume node zones
- **VP Resolution** (20-50): Number of price levels analyzed (default: 30)
- **POC Line** (orange): Point of Control - highest volume price level
- **POC Width**: Line thickness (1-3)
- **Show HVN**: Display High Volume Node zones
- **HVN Threshold** (0.5-0.9): Volume % to qualify as HVN (default: 0.7)
### **Display Options**
- **Zone Labels**: Show S/R labels with touch count
- **Zone Border Lines**: Dotted lines at zone boundaries
- **Extend Zones Right**: Project zones into future
- **Max Visible Zones** (5-50): Maximum number of zones displayed (default: 20)
- Adjust based on chart clarity needs
- **Info Table**: Real-time information dashboard
## 📊 Info Table Explained
The info table (top-right corner) provides real-time zone analysis:
### **Row 1: ZONE Header**
- Shows current timeframe (15m)
- Total active zones
- "able" branding
### **Row 2: 🎯 TOUCH Status**
- **RES**: Currently touching resistance (⚠️ potential reversal down)
- **SUP**: Currently touching support (🚀 potential bounce up)
- **HVN**: Currently in high volume area (⚡ watch for direction)
- **FREE**: Not near any zone (⏳ wait for setup)
- Progress bar shows proximity strength
- Arrows indicate zone type
### **Row 3: 🟢 SUP - Support Zones**
- Number of active support zones below current price
- Progress bar shows relative quantity
- More support = stronger floor
### **Row 4: 🔴 RES - Resistance Zones**
- Number of active resistance zones above current price
- Progress bar shows relative quantity
- More resistance = stronger ceiling
### **Row 5: 🟣 HVN - High Volume Nodes**
- Number of HVN zones (from Volume Profile)
- These are areas where most trading activity occurred
- Often act as magnets for price
### **Row 6: 📍 NEAR - Nearest Zone**
- Shows closest zone type (SUP/RES/HVN)
- Distance in % to nearest zone
- Arrow shows if zone is above or below
### **Row 7: POSITION - Price Position**
- **HIGH**: Price near range top (70%+) - watch for resistance
- **MID**: Price in middle range (30-70%) - neutral zone
- **LOW**: Price near range bottom (<30%) - watch for support
- Shows exact position % in lookback range
### **Row 8: ═ SIGNAL ═**
- **🚀 BUY**: Touching support zone (entry opportunity)
- **⚠️ SELL**: Touching resistance zone (exit/short opportunity)
- **⚡ WATCH**: At HVN (prepare for breakout or rejection)
- **⏳ WAIT**: No clear setup (be patient)
## 🎓 Trading Strategy for 15-Minute Timeframe
### **Basic Setup**
1. Set timeframe to **15 minutes**
2. Use **Auto Detect** or **Combined** method
3. Set **Lookback Period**: 200 bars (~50 hours)
4. Set **Min Touch Count**: 3 (proven zones)
### **Entry Signals**
#### **Long Entry (Buy)**
- Price touches green support zone
- Table shows "🚀 BUY" signal
- Look for bullish candle pattern (hammer, engulfing)
- Volume increases on bounce
- **Best Entry**: Bottom of support zone
- **Stop Loss**: Below support zone (1-2 ATR)
- **Target**: Next resistance zone or 2:1 RR
#### **Short Entry (Sell)**
- Price touches red resistance zone
- Table shows "⚠️ SELL" signal
- Look for bearish candle pattern (shooting star, engulfing)
- Volume increases on rejection
- **Best Entry**: Top of resistance zone
- **Stop Loss**: Above resistance zone (1-2 ATR)
- **Target**: Next support zone or 2:1 RR
#### **HVN Breakout Strategy**
- Price approaches purple HVN zone
- Table shows "⚡ WATCH"
- Wait for breakout with strong volume
- **If breaks up**: Go long, target next resistance
- **If breaks down**: Go short, target next support
### **Zone Strength Rules**
- **S5+ or R5+**: Very strong zones (high probability)
- **S3-S4 or R3-R4**: Reliable zones (good setups)
- **S2 or R2**: Weak zones (use caution)
### **Best Trading Times (15min)**
- **London Open**: 08:00-12:00 GMT (high volume)
- **NY Open**: 13:00-17:00 GMT (high volatility)
- **Overlap**: 13:00-16:00 GMT (best setups)
- **Avoid**: Asian session low volatility periods
### **Risk Management**
- Never risk more than 1-2% per trade
- Use stop loss ALWAYS (place outside zones)
- Take partial profits at 1:1, let rest run to 2:1 or 3:1
- If price consolidates in zone > 3 candles, exit
## ⚠️ Important Notes
### **When Zones Work Best**
✅ Clear trending markets
✅ After significant price movements
✅ At session opens (London/NY)
✅ When multiple zones align
✅ Strong zone with 5+ touches
### **When to Be Cautious**
❌ During major news releases (use economic calendar)
❌ Very low volume periods
❌ Price consolidating inside zone
❌ Weak zones with only 2 touches
❌ Conflicting signals from multiple indicators
### **15-Minute Specific Tips**
- **Lookback 200**: Captures 2-3 trading days of zones
- **Touch Distance 0.3%**: Early signals on 15min moves
- **Max Zones 20**: Keeps chart clean but comprehensive
- **Watch POC**: Often acts as pivot on 15min
- **Volume spike + zone touch** = high probability setup
## 🔧 Recommended Settings for 15min
### **Conservative Trader**
- Detection Method: Combined
- Min Touch Count: 4
- Max Zones: 15
- Touch Distance: 0.2%
### **Aggressive Trader**
- Detection Method: Auto Detect
- Min Touch Count: 2
- Max Zones: 25
- Touch Distance: 0.5%
### **Volume Profile Focused**
- Detection Method: Volume Profile
- Show HVN: Yes
- HVN Threshold: 0.6
- Show POC: Yes
## 📈 Example Trade Scenario (15min)
**Setup**: BTC/USD on 15-minute chart
1. Price approaching green support zone at $42,000
2. Zone label shows "S4" (touched 4 times)
3. Table shows "🚀 BUY" signal
4. Volume increasing on approach
5. Bullish hammer candle forms
**Entry**: $42,050 (bottom of zone)
**Stop Loss**: $41,900 (below zone)
**Target 1**: $42,350 (2:1 RR)
**Target 2**: Next resistance at $42,650
**Result**: Price bounces, hits Target 1 in 3 candles (~45min)
## 💡 Pro Tips
1. **Combine with trend**: Trade in direction of higher timeframe trend
2. **Multiple touches**: Zones with 5+ touches are highest probability
3. **Volume confirmation**: Always check volume on zone touch
4. **POC magnet**: Price often returns to POC line
5. **False breakouts**: If price barely breaks zone and returns = strong signal
6. **Zone-to-zone**: Trade from support to resistance, resistance to support
7. **Time of day**: Best setups occur during peak volume hours
8. **Chart timeframe**: Use 1H to confirm trend, 15min for entry
9. **News avoidance**: Close trades before high-impact news
10. **Zone clusters**: Multiple zones together = strong area
---
**Created by able** | Optimized for 15-minute trading
**Version**: 1.0 | Compatible with TradingView Pine Script v5
For support and updates, enable alerts and monitor the info table in real-time!
z8u Daily & Weekly Key Levels (Extended)1. OVERVIEW
------------------------------------------------------------------------
The "Daily & Weekly Key Levels" indicator is a charting tool designed to
visualize critical auction market structures. It overlays automated
historical price data (Previous Day/Week Highs and Lows) with manual
inputs for Volume Profile levels (VAH, VAL, POC) and Institutional
"Kickoff" levels.
It is designed to replicate specific institutional styling, allowing
traders to see where the market is balancing relative to previous sessions.
2. FEATURES
------------------------------------------------------------------------
Automated Lookback:
Automatically calculates previous Day's High/Low/Settlement and
previous Week's High/Low.
Hybrid Input System:
Allows manual entry for data points that require specific feed
accuracy (Value Area High, Value Area Low, POC).
Clean Charting:
Manual levels default to '0.0'. If no price is entered in the
settings, the lines remain invisible to keep the chart clean.
Custom Styling:
Colors and line weights are pre-configured to match standard
Volume Profile aesthetics.
4. CONFIGURATION (INPUTS TAB)
------------------------------------------------------------------------
To see the Volume Profile and Kickoff lines, you must enter prices
manually in the indicator settings.
1. Double-click the indicator line on the chart (or the gear icon).
2. Go to the "Inputs" tab.
3. Enter the price levels for the current session:
- Yesterday's Value Area High Price
- Yesterday's VPOC Price
- Yesterday's Value Area Low Price
- Weekly Kickoff Low Price
- Weekly Kickoff High Price
*Note: If you leave a value as 0.0, that specific line will not be drawn.*
5. COLOR LEGEND (STYLE TAB)
------------------------------------------------------------------------
The lines are color-coded as follows:
Last Week's High
Yesterday's High
Yesterday's Value Area High (VAH)
Yesterday's VPOC (Volume Point of Control)
Settlement (Previous Close)
Yesterday's Value Area Low (VAL)
Yesterday's Low
Weekly Kickoff Low
Weekly Kickoff High
Last Week's Low
6. DISCLAIMER
------------------------------------------------------------------------
This tool is for informational and educational purposes only. It does not
constitute financial advice. Trading futures and financial markets
involves substantial risk of loss.
14 minutes ago
Release Notes
UPDATE
*Added Extend Levels to the Right Toggle
Advanced Custom Volume Profile [KRUTO]⚠️ LANGUAGE NOTICE: This script features a SLOVAK (SK) user interface (settings and tooltips).
This is a highly customizable and versatile Volume Profile indicator designed for precise market analysis. It separates itself from standard tools by offering dynamic anchoring modes, advanced HVN/LVN detection logic, and a "Smart Lines" feature that keeps your chart clean.
Key Features
1. Three Dynamic Anchoring Modes:
Fixed Range (Na čiare výberu): Define exact Start and End times manually. Includes vertical dashed lines to visualize the range.
Anchor to Last Candle (Na poslednej sviečke): Calculates volume from a specific start time up to the current live price. The profile is always anchored to the most recent bar.
Visible Range (Visible - Viditeľné sviečky): Dynamically calculates the profile based only on the candles currently visible on your screen. As you scroll or zoom, the profile updates automatically.
2. HVN & LVN Detection:
HVN (High Volume Nodes): Automatically highlights areas of high consolidation (Green zones). Includes a "merge tolerance" setting to group nearby nodes.
LVN (Low Volume Nodes): Highlights areas of low liquidity/rejection (Red zones).
3. Key Levels & Visuals:
Displays POC (Point of Control), VAH (Value Area High), and VAL (Value Area Low) with extendable lines.
Smart Offset: Keeps the profile at a fixed distance from the latest candle (or right edge) to prevent chart clutter.
Clean Look: Vertical range lines automatically disappear when not in "Fixed Range" mode.
Translation Guide (Slovak -> English)
Since the settings are in Slovak, here is a quick guide for English users:
Zdroj dát profilu (Source):
Na čiare výberu = Fixed Time Range
Na poslednej sviečke = Fixed Start to Current Bar
Visible = Visible Range
Počet úrovní (Bins): Resolution of the histogram (e.g., 160).
Value Area (%): Percentage of volume considered as value (Standard 70%).
Začiatočný / Koncový čas: Start / End Time.
Offset: Distance of the profile from the price action.
Zobraziť HVN / LVN: Show High/Low Volume Nodes.
Credits: Custom logic developed for advanced volume analysis with anti-overlap algorithms for node visualization.
Enjoy the script! 🚀
Advanced Market Profile & S/R Zones (Pro)Advanced Market Profile & S/R Zones
This indicator brings professional Auction Market Theory to your chart using a custom rolling Volume Profile algorithm. Unlike standard profiles that remain fixed, this tool dynamically calculates the "Fair Value" of the asset based on your specific lookback period (e.g., the last 100 bars).
It automatically highlights the Point of Control (POC), Value Area (VA), and suggests statistical Discount (Buy) and Premium (Sell) zones.
Key Features
Volume Splitting Algorithm:
Most basic scripts dump the entire volume of a candle into a single price point (the average). This script splits the volume across the candle's entire High-Low range. This results in a much smoother, higher-resolution bell curve that accurately reflects price action, especially on higher timeframes like Monthly charts.
Auto-generated Zones:
Green Zone (Discount): Prices below the Value Area Low (VAL). Statistically "cheap."
Red Zone (Premium): Prices above the Value Area High (VAH). Statistically "expensive."
Real-Time Dashboard:
A built-in panel displays the exact price levels for the POC, VAH, and VAL for precise limit order placement, along with the current Market Trend.
How to Use
For Intraday (Day Trading):
Settings: Set Lookback to 100 - 300.
Strategy: Watch for price to open outside the Value Area. If price breaks back inside the Value Area, target the POC (Red Line).
For Macro (Monthly/Weekly Charts):
Settings: Set Lookback to 12 (1 Year) or 60 (5 Years).
Strategy: Identify multi-year structural support. When a monthly candle enters the Green Discount Zone of a 5-year profile, it is often a high-probability institutional entry point.
Trend Logic
The Dashboard indicates trend based on price location relative to value:
Strong Bullish: Price is accepted ABOVE the Value Area.
Strong Bearish: Price is accepted BELOW the Value Area.
Neutral / In VA: Price is chopping inside the Value Area.
Disclaimer
This is a "Rolling Profile." It calculates the profile based on the current lookback window relative to the latest bar. As new bars form, the lookback window shifts, and the profile updates to reflect the new dataset.
