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Volume Profile (Maps)

By LuxAlgoAug 23, 2023

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Volume Profile (Maps) builds volume-by-price analysis on a map structure: every price acts as a key, and each revisit adds that bar's volume to the total stored against it. The display centers on the most recent close and draws the accumulated distribution above and below it, flagging the highest- and second-highest-volume levels in red and orange as standing support and resistance candidates. Prices where little or nothing was stored (voids) mark zones the market moved through quickly.

How to Trade the Volume Profile (Maps)?

  • Red and orange levels: the two heaviest concentrations of traded volume, liquid zones where price tends to slow, stall, or react on a return visit.
  • Volume above vs. below the close: the split shows which side of the current price hosts more prior business, framing where the nearest meaningful reference sits.
  • Voids: near-empty rows often coincide with volatile, fast-moving stretches, poor places to count on a reaction.

Volume Profile (Maps) Settings

  • Source (default close): the price each bar's volume is keyed to; high, low, or open work as alternatives.
  • Volume & currency: multiplies volume by price, keeping readings comparable on symbols with large price disparities across their history.
  • Amount of bars: how much history feeds the profile. The display stays cleanest at 500 bars or fewer.
  • Max lines: caps the drawn levels; combined visual elements top out at 1,000.
  • Round Function / Step: two ways to coarsen the price grid. Rounding trims precision from raw prices, while a step snaps levels to fixed intervals (a step of 5 groups 1230, 1235, 1240).
  • Profile offset: shifts the drawing up to 500 bars to the right of the last bar.

Frequently Asked Questions

Free indicator

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MetaTrader 4/5
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