OPEN-SOURCE SCRIPT
Volume Profile Visible Range (VPVR) with POC Price
This script visualizes volume distribution for the bars currently visible on your chart, helping you identify key liquidity zones and high-traffic price levels.
Main Features:
・Dynamic Range: Recalculates automatically as you zoom or scroll.
・POC Price Label: Highlights the Point of Control (highest volume) with a clear price tag.
・Value Area (VA): Visually separates the most active trading zone (default 70%).
・Highly Flexible: Choose your preferred layout (Left or Right) and colors.
How to use:
1. Spot S/R Levels: Look for long bars (High Volume Nodes); these often act as strong support or resistance.
2. Monitor the POC: The Point of Control is a price magnet. Watch for reactions or retests at this level.
3. Low Volume Gaps: Price tends to move quickly through areas with very short volume bars.
Main Features:
・Dynamic Range: Recalculates automatically as you zoom or scroll.
・POC Price Label: Highlights the Point of Control (highest volume) with a clear price tag.
・Value Area (VA): Visually separates the most active trading zone (default 70%).
・Highly Flexible: Choose your preferred layout (Left or Right) and colors.
How to use:
1. Spot S/R Levels: Look for long bars (High Volume Nodes); these often act as strong support or resistance.
2. Monitor the POC: The Point of Control is a price magnet. Watch for reactions or retests at this level.
3. Low Volume Gaps: Price tends to move quickly through areas with very short volume bars.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.