Value Area Retracement Volume Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

this VAR (Value Area Retracement) Volume Indicator MT5 is a technical tool for analyzing price movements value area (Typically the 70% volume range of the market profile).

Key Levels : Highlights key price areas and extreme situations.

Volume-at-Price (VAP) : The X-axis lists price levels paired with volume data, indicating liquidity concentration.

Retracement Logic : Identify potential reversals or continuations of pullbacks to high volume nodes (value areas).

Technical Note : This indicator combines market profile concepts (brackets, profile highs) with volume profiles to help uncover institutional footprints and statistically significant retracement areas.
An alphanumeric sequence can encode a time-price-volume mapping used for algorithm backtesting.

VAR is used by scalpers/swing traders to confirm entries/exits near high volume retracement levels, consistent with auction market theory.

Attachment download

📎 var.mq5 (11.63 KB)

Source: MQL5 #62214