Volume Profile with Low Volume Nodes
- Indicators
-
Chetan H Jariwala
Trading Strategy Developer | XAUUSD Specialist
I am a systematic trader and MQL5 developer focused on high-precision tools for Gold (XAUUSD) and major currency pairs. - Version: 1.11
Name:
Volume Profile with Low Volume Nodes
Short description:
Volume Profile with POC, Value Area, HVN and LVN levels. Auto row size works on any symbol. Buffers for EAs.
Full description:
Volume Profile with LVN shows where trading volume built up at each price, and it automatically marks the Low Volume Nodes (LVN) and High Volume Nodes (HVN) for you.
What you get
- Volume profile histogram for each day, week, month, custom session or a fixed number of bars
- POC (Point of Control), VAH and VAL (Value Area, 70% by default)
- LVN marked with a dashed line and a small solid bar, so thin-volume zones are always visible
- HVN levels marked automatically
- Three histogram styles: Volume age (older to newer volume shading), POC/VAH/VAL colors, and Buyer/Seller split (estimated)
- Automatic row size: adapts to the symbol, so Forex, Gold, indices and crypto all look right without manual tuning
- Custom session mode with start and end time in server time
- Level labels are spaced automatically so they do not overlap
- Fully customizable colors, widths and number of profiles
- 7 indicator buffers for Expert Advisors: POC, VAH, VAL, nearest LVN above and below price, nearest HVN above and below price
- Light and safe: no DLL, no web requests, no file access
How to read it
- POC: the price with the most traded volume, often treated as fair value
- VAH / VAL: the edges of the area where most volume traded
- HVN: prices where volume built up and price spent time
- LVN: prices where price moved through quickly, often watched as zones of fast movement or as targets
Good to know
- Profiles use tick volume (Forex and CFDs have no central real volume). Real volume is used when your broker provides it.
- Profiles are calculated from M1 data, so they look the same on any chart timeframe.
- The profile of the current period develops as new volume arrives, so its levels can change. Completed periods do not change.
- This is an analysis tool. It does not give buy or sell signals and does not guarantee results.
Main inputs
Histogram type, calculation zones (Auto, Daily, Weekly, Monthly, Fixed bars, Session), number of periods, row size mode, Value Area %, LVN / HVN sensitivity, colors, labels.
Trading involves risk. Past performance does not guarantee future results.
