Range Volume Profile
The indicator Range Volume Profile shows the distribution of transactions on the price scale in a given time range. This tool simplifies the analysis of the market situation and helps to find the price levels where a large player is sitting.
Features:
- shows the distribution of tick volumes relative to the price.
- shows the distribution of real volumes relative to the price. If your broker provides them.
- you can select the part of the chart that you want to explore.
- for certain settings, the indicator shows only the levels where the most transactions are made. Accordingly, such levels are of interest to large market players.
Recommendations for use:
- the indicator can be used on any trading instrument.
- it works well on timeframes from M15 to D1.
If you have any questions, please feel free to contact me.
Good luck and good trading.
