Previous Day Volume Profile NQ!

This indicator takes the previous U.S. regular trading session and maps its most actively traded price zone onto the next day. It draws a shaded box representing the Value Area (≈68% of prior-day volume), bounded by VAH (Value Area High) and VAL (Value Area Low). A line through the middle marks the POC (Point of Control), the single price with the most traded volume. The box projects 15.5 hours into the new day so you can see where today’s action sits relative to yesterday’s “fair value.”

To help with intraday decisions, the indicator also extends VAH/VAL/POC as dotted lines. These extensions act like “guide rails” for context into the next trading session.

How to read it

Inside the box: Market is back in yesterday’s fair value. Expect mean-reversion behavior, with price often rotating between VAL and VAH.

Re-entry signals: When price comes from outside and establishes back inside, the script can flag a Long Re-entry (from below, bias toward VAH) or Short Re-entry (from above, bias toward VAL). Optional target lines show the opposite edge as a practical objective.

Rejection signals: When price tests a boundary (VAH/VAL) and fails to establish inside, it can reject and push away—often a clue for potential price discovery beyond the box.

POC focus: The POC often behaves like a magnet during balance and a pivot during imbalance; the dotted extension keeps it visible even after the box window.

Use case

Ideal for day traders and short-term swing traders who want a clear, repeatable framework.

Quickly judge whether today is balancing (staying within yesterday’s value) or seeking new value (rejecting and exploring).

Pair the signals with your execution rules (e.g., 5-minute closes, buffers, or confirmation candles).

Everything is configurable—colors, opacities, and whether to show extensions or target lines—so you can tailor the visuals to your style without clutter.