Easy Volume Profile is a volume profile indicator designed for simplicity and efficiency. It displays a single vertical line on the chart that marks the starting candle for the profile calculation. The indicator automatically detects the high and low points from the candle following the start line to define the profile range. It then generates a volume histogram along with key levels: Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL).
Users can drag the start line to select the desired candle, with an optional duration limit setting. The line snaps to candles to prevent misalignment. Multiple independent profiles can be created on the same chart using different instance IDs.
The POC line uses three colors to indicate strength: white for weak, yellow for balanced, and magenta for strong POC. Internally, the indicator employs advanced calculation methods including hybrid weighted volume distribution, close-price bias, candle body weighting, wick filtering, cluster-based POC detection, dynamic POC strength analysis, adaptive value area expansion, stabilized VAH/VAL calculation, noise-reduced histogram generation, and low-overhead real-time recalculation.
The parameter set is minimal, focusing on essential controls to maintain a clean chart appearance without excessive resource consumption. This indicator supports visualization of volume profiles with key market structure levels for enhanced volume-based analysis.