LT Flexible Volume Profile
Indicator
13 purchases
Version 1.0, Sep 2024
Windows, Mac
5.0
Reviews: 3
Description
Note: Tested on cTrader Windows only.
Volume Profile
A vertical profile drawing in the price chart to show at which price there are more/less volume (trading interest).
The Flexible Volume Profile indicator
When added to your chart, Ctrl drag the left mouse on an area in the price chart to have profile drawn for that area.
For performance sake, the profile will be drawn in 2 states:
- Coarse profile: The indicator will use the timeframe defined by CoarseTF (default m5) to load for volume information, this usually fast. While Coarse profile is shown, the Fine profile will be loaded under ground.
- Fine profile: More precise profile, which use the timeframe defined by FineTF (default m1), but you can have it set to finest (t1 - single tick). However, if you are viewing Daily or longer TimeFrame chart, setting to ticks timeframe will increase the loading time.
Parameters
- CoarseTF: Timeframe for Coarse data (default m5).
- FineTF: Timeframe for Fine data (default m1).
- ShowVAHL: Shows the VAH (Value Area High) and VAL (Value Area Low).
- ShowProfile: If Yes then showing the full profile, otherwise just show VAH, VAL and POC (Point of Control).
- Colors: Color customization.
How to use
After adding the indicator to your price chart, use a Ctrl left mouse drag to select the region in the chart that you would like to profile and that's it.
After the profile is rendered, you will see some information/manipulation at the bottom of the profile:
- Coarse/Fine: status of the profile.
- Death/Live: if your profile covers the latest bar (candle), then it is a Live profile and automatically updated with incoming information.
- Extend checkbox: check to have VAH, VAL and POC lines extend to the latest bar (candle)
- x button: Click to remove the profile from the chart.
Summary
AI summary
LT Flexible Volume Profile is a volume profile indicator designed for use on price charts, primarily tested on cTrader Windows. It visually represents trading volume distribution across price levels within a selected chart area, highlighting where trading interest is higher or lower.
Users activate the profile by holding Ctrl and dragging the mouse over a desired chart region. The indicator operates in two modes for performance optimization: a Coarse profile using a configurable timeframe (default 5 minutes) for faster loading, and a Fine profile using a finer timeframe (default 1 minute, with an option down to single ticks) for more precise volume data.
Key parameters include:
- CoarseTF and FineTF: timeframes for coarse and fine volume data aggregation.
- ShowVAHL: toggles display of Value Area High (VAH) and Value Area Low (VAL).
- ShowProfile: controls whether the full profile or only key levels (VAH, VAL, Point of Control) are shown.
- Colors: customizable color settings.
After rendering, the profile provides status indicators (Coarse/Fine, Live/Dead), options to extend VAH, VAL, and POC lines to the latest bar, and the ability to remove the profile. This tool supports detailed volume analysis to assist traders in identifying significant price levels based on traded volume.
Users activate the profile by holding Ctrl and dragging the mouse over a desired chart region. The indicator operates in two modes for performance optimization: a Coarse profile using a configurable timeframe (default 5 minutes) for faster loading, and a Fine profile using a finer timeframe (default 1 minute, with an option down to single ticks) for more precise volume data.
Key parameters include:
- CoarseTF and FineTF: timeframes for coarse and fine volume data aggregation.
- ShowVAHL: toggles display of Value Area High (VAH) and Value Area Low (VAL).
- ShowProfile: controls whether the full profile or only key levels (VAH, VAL, Point of Control) are shown.
- Colors: customizable color settings.
After rendering, the profile provides status indicators (Coarse/Fine, Live/Dead), options to extend VAH, VAL, and POC lines to the latest bar, and the ability to remove the profile. This tool supports detailed volume analysis to assist traders in identifying significant price levels based on traded volume.
Indicator profile
Customer reviews
5.0
Reviews: 3
5 | 100 % | |
4 | 0 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
Customer reviews
October 1, 2024
Sensible product to test around volume based context. The useful part is checking participation, value areas and pressure, with the numbers checked before scaling. I would review 20 reactions near POC or VWAP before trusting the read. The data helps most when price action confirms the same zone.
September 30, 2024
September 30, 2024
Good tool for patience if the trader wants it adds useful information behind the price move. It works best as support, not a final decision maker. Volume context is stronger when POC, VWAP and value area agree across 2 sessions. volume alone can be noisy without price action.
Discussion
FAQ
Forex
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Price
Since 25/09/2024
35
Sales