Range Volume Profile Indicator Download for MetaTrader 4 | Forex Indicator Download - MT4/MT5 Resources

The Range Volume Profile Indicator is one of the MT4 volume indicator which shows buy and sell volume within a specific price range as histogram Technical analysis .

With customizable features, this indicator enables traders to perform more detailed analysis of price ranges, helping them identify key liquidity points and important market levels .

Range volume profile indicator table

The table below contains general specifications for this indicator.

Indicators at a glance

The Range Volume Profile indicator is a useful tool for analyzing volume within a specific price range. This indicator shows supply and demand zones to traders by displaying trading volume as a histogram.
It also calculates and displays three key levels , including the Maximum Volume Line , the Median Line of volume distribution , and the Volume Weighted Average Price (VWAP), providing traders with a better understanding of market structure and a valuable tool.

Demand zones and bullish trends

In the chart below, the Range Volume Profile indicator uses two vertical lines, blue and red , to identify a bullish trend on the Gold symbol on the 15-minute timeframe.

This indicator shows the highest volume within a bullish trending price range as a histogram. After a price adjustment, there will be a strong reaction when the price reaches this range.

At the upper range , buying and selling volume was also high, and the price tried to break through this level several times, but was unable to break through and moved downwards.

Supply Zones and Downtrends

On the 5-minute chart of GBP/USD , the Range Volume Profile indicator uses two vertical lines to show buy and sell volume during a downtrend.

This indicator is useful for traders who wish to identify the price ranges where supply and demand fluctuations are most severe, allowing them to use the tool for more professional analysis.

Furthermore, by showing the maximum volume (top line) in this downtrend, an area of ​​possible price reaction is identified, with a strong reaction occurring after the price returns to this level.

Range Volume Profile Indicator Settings

The settings of the indicator are located in the following sections:

Calculation

• Range calculation mode (between lines or other): Range calculation mode setting, there are two calculation methods: calculation between two vertical lines, calculation based on the last candle, fixed calculation between two vertical lines;
• Range duration (in minutes): Setting of the third mode, the distance between two vertical lines is fixed and calculated in minutes;
• Step Size of Mode (in points): Sets the step size of each histogram bar in terms of points;
• Integral calculation ratio: Set the integral calculation ratio;
• Data source (time range selection): Data source settings based on time range.

Volumes Setup

• Histogram bar style: Setting of histogram bar style;
• Histogram position (on window): Select the position of the histogram in the chart window;
• Main color of histogram bars: Set the main color of histogram bars;
• Auxiliary color of histogram bars: Set the auxiliary color of histogram bars;
• Line width of histogram bars: Set the line width of histogram bars;
• Maximum line color: Set the color of the maximum volume line;
• Center line color: Set the color of the center line;
• VWAP (Volume Weighted Average Price) line color: Set the color of the VWAP line.

Lines Setting

• Mode line width: Set the line width of VWAP;
• Median and VWAP line style: Set the style for drawing VWAP lines.

Conclusion

The Range Volume Profile indicator is a histogram showing the volume within a specific price range. This tool is one of Supply and Demand and is very useful for traders who want to identify price reaction areas.

Additionally, by using price histograms, support and resistance areas can be identified on the chart.