Dynamic Volume Profile MT5
- Indicators
- Version: 3.28
- Activations: 5
Box Volume Profile
Box Volume Profile draws a volume histogram inside any rectangle you place on the chart. Choose a time window and a price range, and the indicator shows how much volume was traded at each price level inside that zone. It also plots the Point of Control (POC) and the Value Area boundaries (VAH and VAL).
How to use
Press the draw hotkey (the letter V by default) and drag a rectangle anywhere on the chart. The volume profile appears immediately inside the box. Move or resize the box at any time and the profile, POC and Value Area lines update on the fly. New bars that fall inside the box are added to the profile automatically.
What the profile shows
- Each bar's volume is distributed evenly across its high-to-low range, so the profile follows the actual price action inside the box.
Features
- Works on any symbol and any timeframe.
Settings
Profile calculation:
- Value Area % — percentage of volume inside the Value Area, 70 percent by default.
Appearance:
- Colors for the profile bars, Value Area bars, POC, VAH and VAL lines, the box and its frame.
Interface:
- Draw Hotkey — the key that starts box placement.
