When we hear the volume word in trading we think of OHLC bars traded volume amount and the horizontal histogram that shows volume on bottom of most trading platforms charts, but volume profile is another way of showing traded volume amount on 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.
Features
Dividing each level volume in three part: Bullish, bearish and neutral
Showing each set of bars volume profile separately based on user-defined periods number
Fully customizable based on user needs
3 reviews for Volume Profile
Rated 5 out of 5
Boris –
Good day I am so grateful I found your webpage, I really found you by
accident, while I was browsing on Yahoo for something else, Anyways I am here now and would just like to say thank you for a fantastic post and a all round enjoyable blog (I also
love the theme/design), I don’t have time to read it all at the moment
but I have saved it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep
up the great jo. http://url1.com
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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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Version 2.5.5.0
Release Date: April 24, 2020
Added: Now you can enable/disable update message
Version 2.5.4.0
Release Date: April 18, 2020
Added: Update mode
Version 2.5.3.0
Release Date: April 17, 2020
Fixed: An issue with platform connection/disconnection
Version 2.5.2.2
Release Date: March 18, 2020
Changed: Made it compatible with new cTrader API
Version 2.5.2.1
Release Date: August 30, 2019
Fixed: Not removing old profiles on the regular version
Version 2.5.2.0
Release Date: August 1, 2019
Added: Parameter grouping
Added: All Rectangles parameter on Rectangle version
Version 2.5.1.0
Release Date: June 28, 2019
Changed: Code updated based on our new code quality standards and cTrader Automate API changes
Version 2.5.0.0
Release Date: May 7, 2019
Added: Value area
Version 2.4.2.0
Release Date: April 25, 2019
Added: Delta option
Version 2.4.1.0
Release Date: March 13, 2019
Added: Update checker
Changed: Cleaned up and tweaked the code
Version 2.4.0.0
Release Date: December 3, 2018
Added: Rectangle version
Added: Tow line version now can handle multiple vertical lines
Removed: Move with the scroll from two line version
Fixed: Some issue with Range/Renko chart types
Version 2.3.1.0
Release Date: December 2, 2018
Fixed: Timeframe version wasn’t working on Range/Renko charts
Version 2.3.0.0
Release Date: November 17, 2018
Added: Time offset
Added: Between two line version
Version 2.2.1.0
Release Date: September 26, 2018
Added: Now it works on all cTrader chart types (Tick, Renko, and Range)
Version 2.2.0.0
Release Date: August 27, 2018
Added: Timeframe based version
Changed: Significantly improved the performance of indicator calculation speed
Version 2.1.1.0
Release Date: August 20, 2018
Added: Profile number parameter
Added: Pause profile update parameter
Removed: Show all parameter
Version 2.1.0.0
Release Date: August 18, 2018
Added: Transparency
Added: Hex colors
Added: Chart Bar number based length management
Added: Setting bars width in Pips
Added: Enable/Disable on tick update
Added: Uses rectangles instead of lines
Version 2.0.0.0
Release Date: April 05, 2018
Changed: Calculation algorithm
Added: New length management model
Added: Showing the volume profile on Right / Left sides
Added: New style parameter for changing the line style of volume profile
Added: Neutral volume
Added: Separator vertical line
Version 1.1.0.0
Release Date: August 22, 2017
Fixed: A bug on intraday indicator days parameter
Added: Showing each day volume on intraday indicator
Boris –
Good day I am so grateful I found your webpage, I really found you by
accident, while I was browsing on Yahoo for something else, Anyways I am here now and would just like to say thank you for a fantastic post and a all round enjoyable blog (I also
love the theme/design), I don’t have time to read it all at the moment
but I have saved it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep
up the great jo. http://url1.com
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.