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.
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.
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Version 2.5.8.0
Release Date: September 19, 2020
Added: Extended lines to classic version
Version 2.5.7.0
Release Date: August 18, 2020
Changed: Licensing model
Changed: Auto width calculation algorithm
Version 2.5.6.6
Release Date: August 7, 2020
Fixed: The extended lines duplication issue
Version 2.5.6.5
Release Date: August 6, 2020
Fixed: Delta POC and VA issue
Version 2.5.6.4
Release Date: August 6, 2020
Added: Auto max length calculation for time frame version
Fixed: POC not matching on different time frames
Fixed: An issue on rectangle version
Removed: Width mode, now using 0 for width parameter means auto width calculation mode
Version 2.5.6.3
Release Date: August 3, 2020
Fixed: Several minor bugs
Version 2.5.6.2
Release Date: August 2, 2020
Added: Reload button on the classic version
Changed: The classic version now only shows the visible data volume profile not all chart data
Changed: The extended POC line is now plotted at the middle of POC bar
Version 2.5.6.1
Release Date: August 1, 2020
Fixed: Classic version scrolling issue
Version 2.5.6.0
Release Date: August 1, 2020
Added: Classic version
Added: Buy/Sell volume percentage text
Added: Extended lines
Added: POC lines
Added: Auto width calculation mode
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
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.