THV Volume Profile MT5
- Indicators
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Trong Khanh Phan
About Me:
I am a professional trader and MQL5 developer with years of experience creating automated trading systems and indicators for the global trading community. My focus is on building reliable, efficient, and easy-to-use tools for traders of all levels. - Version: 1.3
- Updated: 19 October 2026
- Activations: 5
THV Volume Profile MT5
Analyze Daily and Weekly Volume Profiles with POC, VAH, and VAL — directly on your MT5 chart.
THV W-D-S Volume Profile MT5 is a technical analysis indicator designed to visualize volume distribution across different price levels for the previous day, the current day, and the previous week.
The indicator helps traders identify important volume-based price levels, analyze market structure, and study potential support and resistance areas using Volume Profile analysis.
With draggable Start and Finish lines, customizable colors, adjustable profile resolution, and flexible display options, you can analyze specific time ranges directly on your chart.
Key Features
1. Three Volume Profile Views
The indicator provides three independent Volume Profile calculations:
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Previous Day Volume Profile: Analyze volume distribution during the previous day's selected time range.
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Today Volume Profile: Monitor volume distribution throughout the current day's selected time range.
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Previous Week Volume Profile: Analyze the volume distribution of the previous week's selected time range.
Each profile can be enabled or disabled independently, allowing you to focus on the information most relevant to your trading strategy.
2. Point of Control (POC)
The Point of Control identifies the price level with the highest calculated volume concentration within the selected range.
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Highlight the POC with a customizable color.
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Adjust line style and width.
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Optionally extend the POC line to the right of the chart.
POC can serve as an important reference level when analyzing price acceptance, potential reactions, and market structure.
3. Value Area High (VAH) and Value Area Low (VAL)
The indicator calculates the Value Area High and Value Area Low using a 70% volume distribution target.
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Display VAH and VAL levels on the chart.
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Customize colors, line styles, and line widths.
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Enable or disable the Value Area lines.
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Configure separate visual settings for each Volume Profile.
These levels help traders examine the upper and lower boundaries of the main volume concentration within a selected period.
4. Draggable Start and Finish Lines
Define the exact time range used to calculate each Volume Profile.
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Drag the Start and Finish vertical lines directly on the chart.
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Customize the analysis period instead of relying only on fixed daily or weekly boundaries.
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Recalculate the profile after adjusting the selected range.
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Analyze custom intraday sessions or other periods that match your trading approach.
This flexibility makes the indicator useful for traders who prefer session-based or custom-range Volume Profile analysis.
5. Customizable Volume Profile Display
Adapt the indicator to your chart and analysis preferences.
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Adjustable number of price bins for profile resolution.
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Configurable Volume Profile width.
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Separate bar colors for the previous day, today, and previous week.
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Individual POC, VAH, and VAL colors and line settings.
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Option to show or hide the indicator's chart objects.
6. Real Volume and Tick Volume
Choose the volume source used for the calculations:
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Real Volume: Uses broker-provided real volume when available.
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Tick Volume: Uses tick volume as an alternative when selected or when usable real-volume data is unavailable.
The resulting profile depends on the volume data supplied by your broker and the selected timeframe.
How Can You Use This Indicator?
THV W-D-S Volume Profile MT5 can support several types of market analysis:
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POC analysis: Identify the price level with the highest calculated volume concentration.
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Value Area analysis: Observe VAH and VAL as reference levels around the main volume distribution.
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Daily analysis: Compare today's developing profile with the previous day's profile.
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Weekly analysis: Use the previous week's profile to identify historically important volume levels.
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Custom session analysis: Drag the Start and Finish lines to study a specific trading session or price range.
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Price-action confirmation: Combine Volume Profile levels with market structure, candlestick patterns, support and resistance, or your own trading system.
Flexible Trading Applications
The indicator can be used with different trading styles, including intraday trading, scalping, and broader market-structure analysis.
You can use it on your preferred MT5 chart timeframe and configure the calculation timeframe independently through the indicator settings.
Important Notes
This indicator is an analytical tool, not an automated trading system. It does not execute trades or guarantee trading results.
Volume Profile calculations depend on the selected timeframe, available historical price data, and the volume data provided by the broker. Real volume and tick volume may produce different profiles.
Always combine indicator readings with appropriate risk management and your own market analysis.
Conclusion
THV W-D-S Volume Profile MT5 brings Previous Day, Today, and Previous Week Volume Profile analysis together in one customizable indicator.
With POC, VAH, VAL, draggable time boundaries, and flexible volume settings, it provides a practical way to study volume distribution and important price levels directly on MetaTrader 5.
Happy Trading !

