Description
FIXED RANGE VOLUME PROFILE (FRVP)
Auto-Detecting Volume Profile Indicator
--------------------------------------------------
Volume distribution. Value areas. High-volume nodes. All from your trendline.
--------------------------------------------------
WHAT THIS INDICATOR DOES
Fixed Range Volume Profile (FRVP) displays volume distribution over a user-defined range β automatically detecting the latest trendline you draw on the chart.
No manual range selection needed. Just draw a trendline and the profile appears.
--------------------------------------------------
KEY FEATURES
- AUTO-DETECTS latest trendline (no manual naming required)
- Point of Control (POC) - highest volume level
- Value Area (VAH + VAL) - configurable percentage (default 70%)
- High Volume Nodes (HVN) - volume above average threshold
- Histogram display (left or right side of range)
- Configurable rows (10 to 200)
- Customizable colors and opacity
- Extend lines to the right
- Show/hide price labels
- No repainting
--------------------------------------------------
HOW IT WORKS
1. Draw a trendline on the chart
2. The indicator automatically detects it
3. Volume profile is calculated from the range
4. POC, VAH, VAL, and HVN are displayed
No naming required. No manual range selection.
--------------------------------------------------
VISUAL ELEMENTS
- Yellow horizontal line = Point of Control (POC)
- Blue dashed lines = Value Area High (VAH) and Value Area Low (VAL)
- Orange bars = High Volume Nodes (HVN)
- Gray bars = Low volume nodes
- Shaded region = Value Area (70% of volume)
- Histogram = Volume distribution by price level
--------------------------------------------------
PARAMETER OVERVIEW
PROFILE SETTINGS:
- Number of Rows: How many price rows (10-200)
- Value Area Percentage: % of volume in value area (1-100)
VISUAL SETTINGS:
- Profile Side: Left or Right of range
- Histogram Width %: Width of histogram bars
- Bar Width Scaling: Scaling factor for bar widths
- Min Bar Width %: Minimum bar width
- Bar Opacity: Transparency of bars (10-100)
COLORS:
- POC Color
- Value Area Color
- High Volume Node Color
- Low Volume Color
HIGH VOLUME NODES:
- HVN Threshold: Volume multiplier to qualify as HVN
TRENDLINE SETTINGS:
- Auto-Detect Latest: Automatically find latest trendline
- Manual Trendline Name: Specify a name (if auto-detection off)
--------------------------------------------------
USE CASES
- Identify where most volume occurred
- Find Point of Control (POC) for entries/exits
- Use Value Area (VAH/VAL) for profit targets
- Spot High Volume Nodes (HVN) for key levels
- Understand volume distribution at a glance
- Combine with other indicators for confluence
--------------------------------------------------
UPGRADE TO STRUCTURAL HEAT ZONES
This indicator shows you volume distribution.
Structural Heat Zones takes it further β it maps participation intensity, acceptance vs rejection, and market engagement across multiple zones.
Search for Structural Heat Zones in the cTrader Store.
--------------------------------------------------
UPGRADE TO INVICTUS EA
Invictus EA uses structural technology to execute automated trades.
Search for Invictus in the cTrader Store.
--------------------------------------------------
TECHNICAL NOTES
- Overlay indicator
- Works on any timeframe and symbol
- No repainting (historical calculation)
- Optimized for performance
--------------------------------------------------
SUPPORT
Lifetime updates included.
FOR MORE INFORMATION - Click Developer's Profile below.
