Cs Fixed Range Volume Profile
- Indicadores
- Versão: 1.0
- Ativações: 5
FIXED RANGE VOLUME PROFILE
Auto-Detecting Volume Profile Indicator with Real-Time Trendline Tracking
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FREE INDICATOR
Volume distribution. Value areas. High-volume nodes. All from your trendline.
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WHAT THIS INDICATOR DOES
Fixed Range Volume Profile (FRVP) displays volume distribution over a user-defined range — automatically detecting the latest trendline you draw or drag on the chart.
No manual range selection needed. Just draw a trendline and the profile appears. Update it live by dragging.
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KEY STRENGTHS
- REAL-TIME TRENDLINE TRACKING: The indicator tracks the exact trendline you are creating or dragging (via OnChartEvent). No guessing, no naming conflicts.
- CHART BACKGROUND BLENDING: Colors adapt to your actual chart background, ensuring a professional look on any color theme.
- POINT OF CONTROL (POC): The price level with the highest volume.
- VALUE AREA (VAH + VAL): The tightest band holding 70% of total volume (configurable).
- HIGH VOLUME NODES (HVN): Volume levels above 1.5x average (configurable threshold).
- GENUINE EXTEND LINES RIGHT: POC/VAH/VAL lines can be extended to the right as rays.
- STABILITY SAFETY CAP: Prevents performance issues when scanning across thousands of bars (Max Range Bars).
- FULLY CUSTOMIZABLE: Rows, value area percentage, colors, opacity, profile side.
- NO REPAINTING: All calculations are historical.
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HIGHLIGHTS
- Yellow horizontal line = Point of Control (POC)
- Blue dashed lines = Value Area High (VAH) and Value Area Low (VAL)
- Orange bars = High Volume Nodes (HVN)
- Gray bars = Low volume nodes
- Shaded region = Value Area (70% of volume)
- Histogram = Volume distribution by price level
- Info banner = Range, rows, POC, trendline name
- POC price tag = Always visible near current price
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HOW IT WORKS
1. Draw a trendline on the chart
2. The indicator locks onto the specific line you are creating or dragging
3. Volume profile is calculated from the trendline's range
4. POC, VAH, VAL, and HVN are displayed
No naming required. No manual range selection. The profile updates live as you drag the line.
Enhancement over the original version: This MT5 version uses OnChartEvent to track the user's exact line, avoiding conflicts with EA-drawn lines or naming issues.
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PARAMETER OVERVIEW
PROFILE SETTINGS:
- Number of Rows: How many price rows (10-200)
- Value Area Percentage: Percent of volume in value area (1-100)
VISUAL SETTINGS:
- Profile Side: Left or Right of range
- Histogram Width Percent: Width of histogram bars
- Bar Width Scaling: Scaling factor for bar widths
- Min Bar Width Percent: Minimum bar width
- Bar Opacity: Transparency of bars (10-100)
COLORS:
- POC Color
- Value Area Color
- High Volume Node Color
- Low Volume Color
HIGH VOLUME NODES:
- HVN Threshold: Volume multiplier to qualify as HVN (1.0 to 3.0)
TRENDLINE SETTINGS:
- Auto-Detect Latest: Automatically find latest trendline (default: true)
- Manual Trendline Name: Specify a name (if auto-detection is off)
PERFORMANCE:
- Max Range Bars: Safety cap for range size (default: 20000)
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USE CASES
- Identify where most volume occurred
- Find Point of Control (POC) for entries and exits
- Use Value Area (VAH/VAL) for profit targets
- Spot High Volume Nodes (HVN) for key levels
- Understand volume distribution at a glance
- Combine with other indicators for confluence
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TECHNICAL NOTES
- Overlay indicator (draws on price chart)
- Works on any timeframe and symbol
- Real-Time Trendline Tracking via OnChartEvent
- Chart Background Blending for colors
- Genuine Extend Lines Right support
- Safety cap for large data sets (Max Range Bars)
- No repainting (historical calculation)
- Optimized for performance
- Compatible with MetaTrader 5
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SUPPORT
Lifetime updates included.
For more information, click Developer's Profile below.
