MT5 Volume Profile Indicator Download – Free | Forex Indicator Download – MetaTrader 5 Resources – MetaTrader 5 Resources

Unlike traditional volume indicators that focus on showing volume over time, the Volume Profile indicator displays volume based on price levels.

This trading tool graphically visualizes trading volume by plotting a volume histogram next to the price chart using a green bar.

A key feature of this tool is the automatic display of importance levels such as POC (Point of Control), VAH (High Value Area), and VAL (Value Area Low).

Volume Profile Indicator Specification Table

The characteristics of the Volume Profile indicator are shown in the table below.

Overview of trading volume

The POC, VAH and VAL areas are considered important price support and resistance levels.

The highest volume occurs at points such as POC or VPOC, as price tends to retrace and react to these levels.

Bullish trend analysis

According to the 30-minute GBP/USD chart, the yellow histogram indicates POC or VPOC levels.

As shown, price returned to the POC zone during a short-term correction, which may represent a valid buying opportunity.

Bearish trend analysis

On the 1-hour Cardano (ADA) chart, the price first retraced to the Value Area High (VAH) before hitting the POC level on the second move.

As shown, both areas effectively act as resistance, creating a sell trade setup.

Volume profile indicator settings

The Volume Profile indicator settings are as follows:

• Calculation time range : Define the time range for trading volume calculations
• Volume Profile Number : Number of volume profiles 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
• % of total volume : The percentage of the total volume used to determine the value area
• Volume Profile Position : The position of the volume distribution chart on the chart
• TypeOfBox : style of volume outline box
• ObjectBack : Sets whether the outline appears behind the candlestick
• Bars color : the color of the volume bar
• POC Levels : Color setting of POC column
• POC : The color of the POC label
• Value Area : Color settings for VAH and VAL areas

Note: The selected Calculation Time Range value should exceed the time range for which the indicator is applied.

Conclusion

The Volume Profile indicator visually represents trading volume at different price levels, making it an effective tool for spotting potential price reversal areas.

This indicator provides deeper insight into the interplay between price and volume, supporting market trend analysis.

Combined with price action strategies , it significantly enhances the ability to identify high-confidence trade entry points.