Current Volume Profile Indicator MT5 Free Download | Forex Indicator Download - MetaTrader 5 Resources - MetaTrader 5 Resources

The Current Volume Profile indicator is a specialized tool used to visualize the distribution of trading volumes at different market price levels.

Unlike many time-based indicators, this tool focuses on volume in a specific price area. This trading tool uses horizontal purple lines to display volume at each price level.

The Current Volume Profile indicator is an analytical tool that can be used with technical and even fundamental analysis to gain a deeper understanding of market behavior.

Current Volume Profile Indicator Specifications

The functions and specifications of the Current Volume Profile indicator are shown in the table below.

Overview of current trading volume

One of the main features of the Current Volume Profile indicator is its ability to identify the price level with the highest volume, known as POC (Point of Control) .

This level is shown on the chart using an orange bar.

It is worth noting that concentrated volume at a specific price often reflects the activity of large traders and marks important support or resistance zones.

bullish trend conditions

According to the XAG/USD (Silver/USD) 1 hour chart, the overall market trend is bullish as higher lows confirmed the uptrend.

In the highlighted area, the volume distribution at different price levels is shown using a purple histogram.

As shown, the volume of the bullish candles is higher than the volume of the bearish candles, indicating the strength of the buying at the time of entry.

Bearish trend conditions

According to the USD/JPY 30-minute chart, the volume histogram of the bearish candle shows a significant increase in trading volume.

This could indicate seller dominance and confirm continued downward pressure.

Additionally, the orange bar on the chart highlights the level with the highest trading volume, which is the POC.

Current volume profile indicator settings

The image below shows the settings panel of the current Volume Profile indicator in MetaTrader 5:

• Calculation Timeframe: Defines the time frame for analyzing volumetric data
• Shift: adjust the position of the histogram
• Number of VP bars: Set the number of bars to display the volume
• Maximum VP bar length to chart width ratio: Controls the width ratio of the longest bar to chart width
• Bars color: Set the color of the volume bar
• POC color: Set the color of large capacity (POC) bars
• Volume Profile Position: Determines where the volume profile is displayed on the chart

Note : For the indicator to work properly, the time range in the "Calculation time range" field must be larger than the time range in the active chart.

Conclusion

In technical analysis , combining price structure with volume distribution is one of the most effective ways to identify possible market directions.

The Current Volume Profile indicator graphically displays volume at different price levels, allowing traders to predict market flow before price reacts.