Fixed Range Volume Profile (FRVP) is a trading indicator designed to display volume distribution within a user-defined price range on a chart. It highlights key volume-based levels: Point of Control (POC), where the highest volume traded; Value Area High (VAH), the upper boundary of significant trading volume; and Value Area Low (VAL), the lower boundary. These levels help traders identify fair price areas, potential reversal points, and breakout zones.
Users select a specific range on the chart, and the indicator generates a volume profile histogram for that segment. Adjustable settings include row size (tick granularity), value area volume percentage (default 68%), profile alignment, histogram width, line extension into future price, and price label display.
FRVP is suitable for scalpers, intraday traders, and those familiar with TradingView’s fixed range volume profile tool. It supports various markets including Forex, indices, commodities, stocks, and cryptocurrencies. The indicator does not provide trade signals but serves as a visual tool to focus attention on important volume levels when combined with price action analysis.