When we hear the volume word in trading we think of OHLC bars traded volume amount and the horizontal histogram that shows volume on the bottom of most trading platforms charts, but volume profile is another way of showing traded volume amount on the chart, instead of showing each bar volume we show each price level volume and by using this method we will be able to tell which price level had most trading volume and which one had least trading volume.
After we found key price levels based on volume then we will be able to use those key levels for entry and exit of our trades because we expect major market moves to happen around those levels.
Combining volume key levels with something like support and resistance or supply and demand trading methods give us a robust trading system.
This indicator uses the tick volume data not real volume data because the real volume data isn’t available in FX and cTrader doesn’t provide it too.
We did our best to make this indicator look and feel like TradingView Volume Profile, if you have experience with TradingView Volume Profile you will find this indicator very similar to it.
Features
Dividing each level volume in three-part: buy, sell and neutral
Showing each set of bars volume profile separately based on user-defined periods number
Fully customizable based on user needs
Delta option, which shows the difference between buying and selling volume on a price level
Time frame version allows you to plot any other larger time frame volume profile on a smaller time frame chart
Between two lines version shows the price levels volume data in between two vertical lines that you have drawn on your chart
Rectangle version shows the volume data of a fixed rectangle data that you have drawn
Shows value area with different color and you can change the default percentile value which is 70%
Shows the percentage of buy/sell volume per each profile
Shows POC
This volume profile indicator was the first volume profile indicator for the cTrader platform and it has a long development history that you can check on the changelog tab, if you have any suggestions that will help to improve this indicator please let us know.
3 reviews for Volume Profile
Rated 5 out of 5
LucasHunter (verified owner)–
Quality indicator. Thank you
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Rated 5 out of 5
Gerald Pajon (verified owner)–
I am very pleased with this indicator and the coding that has gone into it. I had a few issues during the trial phase and the proprietor has extremely helpful and responsive to correct any issues that occurred. In addition, the accuracy that this has given to my trading has recuperated the very small cost within the first trade.
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Rated 5 out of 5
Vanesh Patel (verified owner)–
The best volume profile indicator available in the market.
Fully Customizable, Different options available for anlaysis, BUY/SELL % for selected period just put it to another level.
The developer is really supportive and cooperative, even after buying it, they are ready to do more changes as per the suggestions which is really makes it “Value for Money” indicator to buy from algodeveloper.
LucasHunter (verified owner) –
Quality indicator. Thank you
Gerald Pajon (verified owner) –
I am very pleased with this indicator and the coding that has gone into it. I had a few issues during the trial phase and the proprietor has extremely helpful and responsive to correct any issues that occurred. In addition, the accuracy that this has given to my trading has recuperated the very small cost within the first trade.
Vanesh Patel (verified owner) –
The best volume profile indicator available in the market.
Fully Customizable, Different options available for anlaysis, BUY/SELL % for selected period just put it to another level.
The developer is really supportive and cooperative, even after buying it, they are ready to do more changes as per the suggestions which is really makes it “Value for Money” indicator to buy from algodeveloper.