10x Bull Vs. Bear VP Intraday Sessions

The 10x Bull Vs. Bear VP Intraday Sessions indicator provides a comprehensive volume profile toolkit for analyzing up to 10 user-defined session ranges simultaneously. By separating volume into bullish and bearish profiles, it offers deep insights into market participation and intraday supply/demand dynamics.

Usage

The Usage section focuses on how to configure and interpret the multi-session volume profiles. Users can define specific intraday time ranges (e.g., London Open, NYSE Open) to generate individual profiles for each period.

• Session Comparison: By enabling up to 10 different ranges, traders can compare the volume distribution of the current session against previous sessions or specific high-activity windows.
• Bull vs. Bear Analysis: Unlike standard volume profiles, this tool displays buying and selling volume separately. A green-dominant profile indicates aggressive buying, while a red-dominant profile suggests selling pressure at those price levels.
• POC & Value Area: The indicator identifies the Point of Control (POC) and Value Area (VA) for each session. Users can choose between a standard POC or individual Bull/Bear POCs to see exactly where the highest concentration of bullish and bearish activity occurred.
• Delta Ladder: When enabled, this feature provides a granular view of the volume delta at specific price points within the range, assisting in identifying exhaustion or absorption.

Details

The script utilizes high-precision calculations, supporting up to 2,000 profile rows per session to minimize data aggregation. It leverages the polyline feature for efficient rendering, ensuring that even with multiple active sessions, the chart remains performant.

The Bull vs. Bear logic calculates volume at each price level based on intrabar price action. If a candle closes higher than it opened (or based on tick data where available), that volume is attributed to the bullish profile; conversely, downward movement is attributed to the bearish profile. The Value Area is calculated based on the user-defined percentage (default 70%), highlighting the price range where the bulk of the session's trading occurred.

Settings

Profiles to Show

• Show Range (T1-T9): Toggles the visibility of specific session ranges.
• Session Range: Defines the start and end time for the volume profile calculation in "HHMM-HHMM" format.
• Live: Enables a dynamic profile for the current daily timeframe.
• Up/Down Color: Customizes the visual representation of bullish and bearish volume for each specific range.

Profile Settings

• Boxed Sessions: Draws a visual boundary around the selected session time range.
• Profile Rows: Determines the granularity of the profile (10 to 2000). Higher values provide more price precision.
• Scaling Factor: Adjusts the horizontal width of the profiles on the chart.
• VP Plot Type: Choose between "Middle" (centered) or "Same Side" for the profile alignment.

Delta Settings

• Show Delta: Displays numeric volume delta values on the chart.
• Delta Rows: Sets the number of rows used to calculate and display delta.

POC & VA Settings

• Show POC: Toggles the Point of Control line.
• POC Type: Switch between a single "Regular POC" or separated "Bull & Bear POCs."
• Value Area %: Sets the percentage of total volume used to calculate the Value Area (typically 70%).
• Delete Violated POCs/VA: Automatically removes lines once price has traded through them.

FAQ

How can I see more detail in the profiles? Increase the "Profile Rows" setting in the Profile Settings group. This will divide the price range into smaller segments, providing a more detailed view of volume distribution.

Can I track overnight sessions separately from RTH? Yes, you can configure one range (e.g., T1) for the overnight session and another (e.g., T2) for Regular Trading Hours (RTH) by adjusting the session time inputs.

How do I get access to the 10x Bull Vs. Bear VP Intraday Sessions indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.