Volume Profile

OHLC Expansion Map Volume Profile

The Real Volume Profile component provides a deep look into the historical volume distribution across specific timeframes or sessions. Unlike standard volume bars, this profile shows "Where" the volume was traded, not just "When."

Key Components

1. Value Area (VA)

The Value Area represents the price range where a specific percentage (default 70%) of the total volume was traded.

• VAH (Value Area High): The upper boundary of the Value Area.

• VAL (Value Area Low): The lower boundary of the Value Area.

• Interpretation: Price inside the VA is considered "fair value." Price outside the VA is "imbalanced" and may lead to sharp reversals or fast expansions.

2. Point of Control (POC)

The price level with the highest traded volume within the profile. This is the most significant level in any profile and often acts as a powerful "magnet" for price.

Operation Modes

• Automatic Mode: The indicator automatically calculates the volume profile based on the current chart timeframe and session duration.

• Manual Mode: You can specify a custom timeframe for the volume calculation (e.g., viewing a 1D Volume Profile while on a 5-minute chart).

Integration with Expansion Map

The Volume Profile is designed to be used in conjunction with the Behavioral Levels:

• Mean Reversion: Look for price to return to the POC after reaching a Distribution (+D/-D) zone.

• Breakout Confirmation: If price breaks out of the Value Area and is also entering a Manipulation zone, it confirms the "fake-out" logic before a reversal.

Technical Details

• Tick Data: The indicator uses request.security_lower_tf to fetch the highest resolution tick/volume data available for precise calculations.

• Custom Rows: Adjust the "Rows" setting to increase or decrease the granularity of the profile.

• Max Width & Offset: Customize the visual position and size of the profile to avoid overlapping with price action.