Midas Volume Profile shows where volume traded in each day or week, drawn as a histogram at the start of the session, with the levels profile traders use.

What it shows

• A volume histogram for each session, with the value area highlighted.

• POC (point of control): the price row with the most volume, drawn across the session.

• Value area high and low (VAH / VAL): the range around the POC that holds 70% of the session's volume (adjustable).

• Naked POCs: earlier sessions' POCs that price has not traded through since, extended to the right until price touches them.

• The developing profile of the current session, updated as each candle closes.

How it is built

• Volume is cTrader's tick volume (the number of price updates), the usual measure in forex and CFDs, where there is no central exchange volume. It is taken from a lower timeframe (5 minutes by default) for detail.

• Each candle's volume is shared across the price rows its high-low range covers, in proportion to the overlap. The session's range is split into 50 rows (adjustable).

• The value area grows from the POC towards whichever neighbouring row holds more volume, until it holds the chosen share.

Settings

• Profiles per day or per week, session start hour (22:00 UTC by default, the forex day), rows, value-area share, volume timeframe.

• Number of sessions shown, developing session on or off, naked POCs on or off, histogram width and colours.

Tested

• In a cTrader backtest on EURUSD (30 Jan-30 Sep 2026), all 206 daily and 36 weekly profiles built from 49,038 five-minute candles matched an independent recalculation: session boundaries, every row's volume (each profile's rows add up to its total volume), POC, value area and every naked-POC touch.

• On that data the POC sat inside the value area in every profile, the value area held 71% of volume on average (rows are whole, so it slightly exceeds 70%), and 10 daily and 2 weekly POCs were still naked at the end.

Notes

• Tick volume counts price changes, not traded contracts; it differs between brokers.

• Volume profiles describe where trading happened; they do not predict where price will go.

• It never trades and needs no internet or file access.