Volume Profile Indicator for MT4 Download – Free – [TradingFinder]

The Volume Profile Indicator analyzes price behavior and displays trading volume at different price levels.

Unlike traditional volume indicators that showvolume over time, the Volume Profile indicator presents trading volume along the price axis. This trading tool uses green histograms to graphically display volume levels.

Additionally, the indicator highlights areas with the highest volume or "POC" (Point of Control), as well as Value Area High (VAH) and Value Area Low (VAL) levels.

Volume Profile Indicator Specifications Table

The specifications of the Volume Profile indicator are as follows.

Bullish Trend Analysis

According to the analysis of Bitcoin (BTC) on the 15-minute timeframe, the yellow histogram indicates the POC or VPOC level.

As shown in the chart, the price returned to the POC level amid a short-term pullback, offering an opportunity to enter a buy position.

Bearish Trend Analysis

In the Ethereum (ETH) chart on the 30-minute timeframe, the POC level was a strong resistance zone at two marked points.

As seen in the image, each time the price returned to this zone, it created valid opportunities to enter sell positions.

Volume Profile Indicator Settings

The image below illustrates the available settings of the Volume Profile indicator:

• Time Frame for Calculation: Select the timeframe for volume calculation
• Number of Volume Profiles: Number of volume profiles displayed on the chart
• Number of VP bars: Number of horizontal bars to show volume distribution
• Ratio of maximum VP bar length to chart width: Maximum bar length relative to chart width
• Percent of All Volume: Percentage of total volume to calculate the value area
• Volume Profile Position: Profile positioning on the chart
• TypeOfBox: Style of the volume profile box display
• ObjectBack: Places the volume profile behind the candlesticks
• Bars' color: Volume bar color
• POC Levels: Color setting for the POC bar
• POC: Color of the POC label
• Value Area: Colors for VAH and VAL zones

Note: The selected "Time Frame for Calculation" must be higher than the timeframe for executing the indicator.

Conclusion

The Volume Profile Indicator visually displays trading volume across different price levels, making it a practical tool for identifying potential market reversal points.

This tool offers deeper insight into price behavior and enables analysis based on volume and trend dynamics. Combined with price action strategies, it significantly improves traders' ability to identify optimal trade entry points.