The right window shows the volume profile… The left window shows the volume profile prior to the drop and up to the bottom of the drop. The gap between 4200 down to 3800 during the drop on 24th November was filled just over 24 hours later. Just a example to show how gaps in the Volume Profile caused during fast falls or rises in price are filled at a later date. The W1 chart suggests that a clean close above that resistance should have price targeting the orange zone just below the weekly HVN. Weekly supply zone in green denotes the resistance at the top of the triangle. We can see a much clearer picture of a the possible ascending triangle that is printing. VPVR shows point of control as $6,263 from the rally in September 2017 from mid $3ks until January 2020.ĭeclining volume implies a breakout in the not so distant future.

This is where the bulk of the volumes lies in the past 27 months. You can use this to find S&R levels and price targets. Price will often move from HVN to HVN while blasting through LVNs where there is a low amount of orders/low liquidity. Longing here & giving a quick lesson on how to use high & low volume nodes with the VPVR. Volume that intersects with current level… It gathers volume from the last chosen Bars It’s aimed at BTCUSDT pair and 4h timeframe. This study tries to recreate session based historic VPoCs I think this is a problem of bucketization because what the VPVR does is to take a price range, divide it into buckets and… It creates a pseudo Volume Profile by counting the high-low-2 values of candles and simulates something that is similar to a Volume Profile without using any Volume data.Ĭreates a pseudo Volume Profile by counting values of candles and sorting them…Īt the core of VPVR there’s a concept called “bucketization”.Īnswer : bucketization consists of identifying metrics with high predictive power and combine them appropriately. Disclamer: This indicator does not use actual Volume data and doesn’t display any Volume data.

Free volume profile indicator