Dynamic Volume Profile (DVP) is an advanced charting study that displays trading activity over a specified time period at specified price levels dynamically.
DVP typically based on price and volume information and it combines these factors in a way that displays price, volume and time frame on a single chart dynamically. You can gather a multitude of information with a glance.
The first thing that most traders will use dynamic volume profile for is identifying basic support and resistance levels. It is important to note that using Dynamic Volume Profile as an identifier for support and resistance levels is a reactive method.
Point of Control (PoC): It refers to the area in the chart with the most traded volume activity. This is by far the most relevant area you want to monitor as it can help to define the placement of your stops or the areas in the chart where you might find the most pristine entry levels. The highest concentrated area of volume for a particular period of time we will call it PoC or Point of Control and you will be surprised how many times it acts as a wall on a retest. Traders tend to factor this in as an area of support or resistance.
Value Area (VA): The range of price levels in which a specified percentage of all volume was traded. By default, the industry standards tends to be 70%.
Value Area High (VAH) – The highest price level within the value area.
Value Area Low (VAL) – The lowest price level within the value area.
The script creates 10 channels according to highest/lowest levels for specified time period and finds the total volume for each channel. Then it calculates Point of Control, Value area and VAH/VAL. the script shows POC channel and Value Area, and you can see VAH/VAL ve all channels optionally.
amazing man, may tons of abundance come your way. Cheers
LonesomeTheBlue
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With VAH/VAL and POC channel
DiegoLongoni
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@LonesomeTheBlue, but plese mark when to buy and when to sell thanks
ostroverkhov
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hello, is it possible to get access to the script?
dharmendra10
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great work !
kral-burda
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hello dear teacher, I would like to use this beautiful indicator, thank you
jammybits
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Hi, I really love this indicator, can you share the source code? This helps me out tremendously. I currently use the fixed range tool, to draw a 3 day period to trade off of!
cambridgecharts
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Is there any way to have the Value areas adjust to the time period on the chart? Instead of 100 period lookback it would be great to have the areas adjust to whatever the time period is displaying on the chart. Much like the VPVR. Volume Profile Visual Range script.
sharewasi
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Sir,
Can you post some examples on how to trade this set up?
Both for intra day trade and swing trade.
Please guide about how to do multiple time frame analysis with this set up.
I do not have much experience about trading in the market.