MT4 Volume Profile Indicator Download – Free | Forex Indicator Download – MetaTrader 4 Resources – MetaTrader 4 Resources

The Volume Profile indicator analyzes price action and displays trading volume at different price levels.

Unlike traditional volume indicators that show volume over time, the Volume Profile indicator shows volume along the price axis. This trading tool uses a green histogram 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 Specification Table

The specifications of the Volume Profile indicator are as follows.

Overview of trading volume

Volume peaks at POC or VPOC levels; therefore, price tends to return to these areas. POC, VAH and VAL are considered critical support and resistance zones.

Bullish trend analysis

According to the analysis of the Bitcoin (BTC) 15-minute time frame, the yellow histogram indicates POC or VPOC levels.

As shown in the chart, price returned to POC levels on a short-term pullback, providing an opportunity to enter a buying position.

Bearish trend analysis

On the Ethereum (ETH) chart on the 30-minute time frame, the POC level is an area of ​​strong resistance at two markers.

As shown, every time the price returns to this area, it creates a valid opportunity to enter a sell position.

Volume profile indicator settings

The image below shows the available settings for the Volume Profile indicator:

• Calculation time range : Select the time range for trading volume calculation
• Volume Profile Number : The number of volume profiles displayed on the chart
• Number of VP bars : Display the number of horizontal bars in the volume distribution
• Maximum VP Bar Length to Chart Width Ratio : Maximum bar length relative to chart width
• Percentage of total volume : Calculate the area as a percentage of the total volume
• Volume Profile Position : Contour Positioning on the Chart
• TypeOfBox : The style displayed by the volume outline box
• ObjectBack : Place the volume distribution chart behind the candlestick
• Bars' color : Volume bar color
• POC Levels : Color setting of POC column
• POC : The color of the POC label
• Value Area : Color of VAH and VAL areas

Note: The selected "Calculation time frame" must be higher than the time frame of the execution indicator.

Conclusion

The Volume Profile indicator visually displays trading volume at different price levels, making it a useful tool for identifying potential market reversal points.

This tool provides a deeper understanding of price action and can analyze volume and trend dynamics . Combined with price action strategies , it significantly improves a trader's ability to identify the best trading entry points.